TSS (NASDAQ:TSSI) Given New $9.00 Price Target at Needham & Company LLC

TSS (NASDAQ:TSSI) had its target price cut by Needham & Company LLC from $13.00 to $9.00 in a research note published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also commented on the company. Wall Street Zen raised TSS from a “sell” rating to a “hold” rating in a research report on Saturday, October 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TSS in a research report on Monday, September 14th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $12.00.

TSS Trading Up 12.6%

Shares of NASDAQ:TSSI traded up $0.75 during midday trading on Friday, hitting $6.70. 1,200,914 shares of the stock traded hands, compared to its average volume of 828,931. The company has a quick ratio of 1.38, a current ratio of 1.66 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $8.37 and its two-hundred day moving average is $10.72. The stock has a market capitalization of $189.07 million, a PE ratio of 11.55 and a beta of 2.06. TSS has a one year low of $5.90 and a one year high of $17.57.

TSS (NASDAQ:TSSI) last posted its earnings results on Thursday, November 5th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. The company had revenue of $50.06 million for the quarter. TSS had a return on equity of 19.22% and a net margin of 7.44%. As a group, research analysts forecast that TSS will post 0.24 earnings per share for the current year.

Institutional Trading of TSS

Several hedge funds and other institutional investors have recently made changes to their positions in TSSI. Russell Investments Group Ltd. increased its position in TSS by 53.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 51,564 shares of the company’s stock valued at $502,000 after buying an additional 18,050 shares in the last quarter. Vestor Capital LLC boosted its holdings in TSS by 3,305.5% in the third quarter. Vestor Capital LLC now owns 6,811 shares of the company’s stock worth $66,000 after acquiring an additional 6,611 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of TSS by 38.5% in the third quarter. Commonwealth Equity Services LLC now owns 15,249 shares of the company’s stock worth $148,000 after acquiring an additional 4,240 shares during the last quarter. LJI Wealth Management LLC grew its stake in shares of TSS by 10.8% in the third quarter. LJI Wealth Management LLC now owns 20,500 shares of the company’s stock worth $199,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Triumph Capital Management purchased a new stake in shares of TSS in the second quarter worth $26,000.

TSS Company Profile

TSS, Inc (NASDAQ:TSSI) provides data center infrastructure solutions and related services for organizations that require reliable, scalable computing environments. The company supports the planning, design, deployment, and operation of data center facilities and technology infrastructure.

Its services may include data center engineering and construction support, equipment procurement and integration, installation, infrastructure management, and ongoing maintenance. TSS serves customers with demanding information technology requirements, including enterprises, technology companies, and data center operators.

The company’s activities are centered on helping customers build and maintain physical environments for servers, networking equipment, storage systems, power systems, and cooling infrastructure.