TSS (NASDAQ:TSSI) Trading 8.1% Higher – Here’s Why
by Michael Walen · The Markets DailyTSS Inc. (NASDAQ:TSSI – Get Free Report) shares shot up 8.1% during trading on Monday . The stock traded as high as $10.77 and last traded at $10.72. Approximately 1,092,345 shares traded hands during trading, an increase of 61% from the average daily volume of 680,372 shares. The stock had previously closed at $9.92.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on TSSI. Weiss Ratings cut TSS from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. Wall Street Zen lowered TSS from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $16.00 target price on shares of TSS in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, TSS currently has an average rating of “Moderate Buy” and an average price target of $17.17.
Get Our Latest Stock Analysis on TSSI
TSS Stock Performance
The company has a 50-day moving average price of $11.82 and a two-hundred day moving average price of $11.70. The company has a current ratio of 2.18, a quick ratio of 1.99 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $313.26 million, a P/E ratio of 22.78 and a beta of 2.09.
TSS (NASDAQ:TSSI – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. TSS had a return on equity of 25.27% and a net margin of 7.14%.The company had revenue of $55.35 million for the quarter. On average, equities analysts forecast that TSS Inc. will post 0.32 earnings per share for the current year.
Insider Activity at TSS
In other TSS news, Director Peter H. Woodward sold 200,000 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $16.07, for a total transaction of $3,214,000.00. Following the transaction, the director directly owned 983,521 shares in the company, valued at approximately $15,805,182.47. This represents a 16.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Kieran Brennan sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $16.00, for a total transaction of $160,000.00. Following the sale, the senior vice president directly owned 271,333 shares of the company’s stock, valued at approximately $4,341,328. This trade represents a 3.55% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 310,000 shares of company stock worth $4,922,000. Insiders own 15.97% of the company’s stock.
Institutional Investors Weigh In On TSS
A number of large investors have recently bought and sold shares of TSSI. Vanguard Group Inc. raised its holdings in shares of TSS by 31.2% during the third quarter. Vanguard Group Inc. now owns 1,240,958 shares of the company’s stock valued at $22,474,000 after purchasing an additional 294,971 shares during the period. Millennium Management LLC grew its stake in shares of TSS by 81.9% in the 4th quarter. Millennium Management LLC now owns 865,350 shares of the company’s stock valued at $6,118,000 after buying an additional 389,497 shares during the period. Geode Capital Management LLC grew its stake in shares of TSS by 8.3% in the 4th quarter. Geode Capital Management LLC now owns 539,359 shares of the company’s stock valued at $3,814,000 after buying an additional 41,536 shares during the period. Value Aligned Research Advisors LLC increased its position in TSS by 6.8% in the 4th quarter. Value Aligned Research Advisors LLC now owns 460,510 shares of the company’s stock valued at $3,256,000 after buying an additional 29,247 shares in the last quarter. Finally, UBS Group AG increased its position in TSS by 188.1% in the 4th quarter. UBS Group AG now owns 316,456 shares of the company’s stock valued at $2,237,000 after buying an additional 206,600 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.