TSS (NASDAQ:TSSI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of TSS (NASDAQ:TSSI) from a strong sell rating to a sell rating in a research note released on Saturday morning.

Several other equities analysts have also recently weighed in on the company. Needham & Company LLC decreased their price objective on TSS from $16.00 to $13.00 and set a “buy” rating for the company in a report on Friday. Weiss Ratings lowered TSS from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, June 17th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.17.

TSS Stock Down 2.1%

Shares of TSSI stock opened at $9.48 on Friday. The firm has a fifty day moving average of $11.24 and a 200-day moving average of $11.69. The company has a quick ratio of 1.38, a current ratio of 1.66 and a debt-to-equity ratio of 0.15. TSS has a 12-month low of $6.87 and a 12-month high of $21.77. The company has a market capitalization of $266.10 million, a price-to-earnings ratio of 19.75 and a beta of 2.10.

TSS (NASDAQ:TSSI) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). The firm had revenue of $35.14 million for the quarter. TSS had a return on equity of 19.22% and a net margin of 7.44%. As a group, equities research analysts predict that TSS will post 0.32 earnings per share for the current fiscal year.

Insider Transactions at TSS

In other news, Director Peter H. Woodward sold 200,000 shares of TSS stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $16.07, for a total value of $3,214,000.00. Following the completion of the transaction, the director owned 983,521 shares of the company’s stock, valued at $15,805,182.47. This trade represents a 16.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Kieran Brennan sold 10,000 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was 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 in the company, valued at $4,341,328. This represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 310,000 shares of company stock valued at $4,922,000. Insiders own 15.97% of the company’s stock.

Hedge Funds Weigh In On TSS

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE bought a new position in TSS during the fourth quarter worth $40,000. NewEdge Advisors LLC lifted its position in TSS by 536.7% during the first quarter. NewEdge Advisors LLC now owns 141,686 shares of the company’s stock worth $1,112,000 after acquiring an additional 119,432 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in TSS by 40.0% during the first quarter. Goldman Sachs Group Inc. now owns 60,540 shares of the company’s stock worth $475,000 after acquiring an additional 17,310 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of TSS during the second quarter worth approximately $249,000. Finally, Legal & General Group Plc bought a new stake in shares of TSS during the second quarter worth approximately $59,000.

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.