TSS (NASDAQ:TSSI) CFO Daniel Chism Sells 25,000 Shares
by Amy Steele · The Cerbat GemTSS Inc. (NASDAQ:TSSI – Get Free Report) CFO Daniel Chism sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $15.00, for a total transaction of $375,000.00. Following the transaction, the chief financial officer directly owned 338,215 shares of the company’s stock, valued at approximately $5,073,225. This trade represents a 6.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
TSS Stock Up 5.5%
Shares of NASDAQ TSSI opened at $14.97 on Friday. The firm’s 50 day moving average price is $10.99 and its 200 day moving average price is $11.70. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.41 and a current ratio of 1.63. The firm has a market cap of $415.72 million, a P/E ratio of 28.25 and a beta of 2.04. TSS Inc. has a 1 year low of $6.50 and a 1 year high of $31.94.
TSS (NASDAQ:TSSI – Get Free Report) last released its earnings results on Wednesday, March 11th. The company reported $0.41 EPS for the quarter. The firm had revenue of $60.91 million during the quarter. TSS had a return on equity of 38.06% and a net margin of 6.16%.
Institutional Investors Weigh In On TSS
Several hedge funds have recently made changes to their positions in TSSI. Bank of America Corp DE acquired a new position in shares of TSS in the 4th quarter valued at about $40,000. NewEdge Advisors LLC boosted its stake in shares of TSS by 536.7% during the 1st quarter. NewEdge Advisors LLC now owns 141,686 shares of the company’s stock valued at $1,112,000 after buying an additional 119,432 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of TSS by 40.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 60,540 shares of the company’s stock valued at $475,000 after acquiring an additional 17,310 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of TSS during the second quarter worth $249,000. Finally, Legal & General Group Plc purchased a new position in TSS in the second quarter valued at about $59,000.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the company. Zacks Research upgraded TSS to a “hold” rating in a research note on Tuesday, February 17th. Needham & Company LLC assumed coverage on shares of TSS in a research report on Monday, March 30th. They set a “buy” rating and a $16.00 price target for the company. Wall Street Zen upgraded shares of TSS from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of TSS in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.17.
Get Our Latest Stock Report on TSSI
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.