Kieran Brennan Sells 10,000 Shares of TSS (NASDAQ:TSSI) Stock

TSS Inc. (NASDAQ:TSSI) SVP Kieran Brennan sold 10,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $16.00, for a total transaction of $160,000.00. Following the transaction, the senior vice president owned 271,333 shares of the company’s stock, valued at $4,341,328. This trade represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Kieran Brennan also recently made the following trade(s):

• On Monday, March 16th, Kieran Brennan sold 12,000 shares of TSS stock. The shares were sold at an average price of $12.27, for a total transaction of $147,240.00.

TSS Price Performance

TSS stock opened at $13.93 on Thursday. TSS Inc. has a 12-month low of $6.87 and a 12-month high of $31.94. The stock has a market capitalization of $391.02 million, a P/E ratio of 28.43 and a beta of 1.99. The firm’s 50-day moving average is $13.58 and its two-hundred day moving average is $10.69. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.18 and a quick ratio of 1.99.

TSS (NASDAQ:TSSI) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.04. TSS had a net margin of 7.14% and a return on equity of 25.27%. The company had revenue of $55.35 million for the quarter. Equities analysts predict that TSS Inc. will post 0.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TSSI. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 price target on shares of TSS in a research note on Friday, May 8th. Wall Street Zen cut shares of TSS from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. Weiss Ratings raised shares of TSS from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Finally, Zacks Research raised shares of TSS to a “hold” rating in a research note on Tuesday, February 17th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.17.

Institutional Investors Weigh In On TSS

Several hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System acquired a new stake in shares of TSS in the second quarter worth approximately $33,000. Osaic Holdings Inc. lifted its position in TSS by 17.6% during the second quarter. Osaic Holdings Inc. now owns 9,193 shares of the company’s stock valued at $265,000 after buying an additional 1,375 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in TSS by 81.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,129 shares of the company’s stock valued at $90,000 after buying an additional 1,401 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in TSS during the second quarter valued at approximately $45,000. Finally, Creative Financial Designs Inc. ADV lifted its position in TSS by 5.1% during the third quarter. Creative Financial Designs Inc. ADV now owns 35,250 shares of the company’s stock valued at $638,000 after buying an additional 1,700 shares in the last quarter.

About TSS

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.