Precision Wealth Strategies LLC Makes New Investment in TSS Inc. $TSSI

Precision Wealth Strategies LLC purchased a new position in shares of TSS Inc. (NASDAQ:TSSI) during the third quarter, HoldingsChannel reports. The institutional investor purchased 85,445 shares of the company’s stock, valued at approximately $1,547,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in TSSI. Geode Capital Management LLC lifted its position in TSS by 167.1% during the second quarter. Geode Capital Management LLC now owns 389,872 shares of the company’s stock worth $11,242,000 after buying an additional 243,910 shares during the period. Raymond James Financial Inc. acquired a new position in shares of TSS during the 2nd quarter valued at about $8,862,000. Value Aligned Research Advisors LLC lifted its holdings in shares of TSS by 34.0% during the 1st quarter. Value Aligned Research Advisors LLC now owns 252,128 shares of the company’s stock worth $1,979,000 after acquiring an additional 63,982 shares during the period. Jump Financial LLC acquired a new stake in shares of TSS in the second quarter worth approximately $6,801,000. Finally, Soviero Asset Management LP purchased a new stake in TSS in the second quarter valued at approximately $4,613,000.

Wall Street Analyst Weigh In

TSSI has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of TSS in a research note on Monday. Singular Research initiated coverage on TSS in a report on Tuesday, September 16th. They set a “buy” rating and a $20.50 price objective for the company. Loop Capital set a $15.00 target price on TSS in a report on Monday, December 1st. Finally, Wall Street Zen lowered TSS from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 15th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $17.75.

TSS Stock Performance

NASDAQ:TSSI opened at $7.46 on Friday. The firm’s fifty day simple moving average is $11.85 and its 200 day simple moving average is $17.54. The company has a current ratio of 1.52, a quick ratio of 1.35 and a debt-to-equity ratio of 0.30. TSS Inc. has a twelve month low of $5.63 and a twelve month high of $31.94. The firm has a market capitalization of $215.15 million, a price-to-earnings ratio of 37.30 and a beta of 2.03.

TSS (NASDAQ:TSSI) last announced its quarterly earnings results on Thursday, November 13th. The company reported ($0.06) earnings per share (EPS) for the quarter. TSS had a net margin of 2.08% and a return on equity of 21.81%. The company had revenue of $41.88 million during the quarter.

Insider Activity

In other news, Director Peter H. Woodward sold 21,700 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $8.30, for a total value of $180,110.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 18.94% of the company’s stock.

TSS Company Profile

TSS, Inc offers planning, design, engineering, construction management, commissioning and maintenance services. It provides these services primarily for specialized facilities such as data centers, communications rooms, call centers, laboratories, trading floors, network operations centers, medical facilities and similar environments. TSS Inc, formerly known as Fortress International Group, Inc, is based in Columbia, United States.