Key Points
- CEO Darryll Dewan sold 50,000 shares on April 22 at an average price of $16, totaling $800,000 and reducing his ownership by 9.02% to 504,471 shares (worth about $8.07M).
- TSS reported $0.41 EPS and $60.91M in revenue for the quarter, with a 38.06% ROE and 6.16% net margin; the stock trades near $15.75 with a market cap of $437.4M and a P/E of 29.7.
- Analyst sentiment is mixed: two Buys and two Holds yield a "Moderate Buy" consensus and a $17.17 average price target, though recent notes include Needham's $16 buy and a downgrade to Sell from Wall Street Zen.
TSS Inc. (NASDAQ:TSSI - Get Free Report) CEO Darryll Dewan sold 50,000 shares of the company's stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $16.00, for a total value of $800,000.00. Following the transaction, the chief executive officer directly owned 504,471 shares of the company's stock, valued at approximately $8,071,536. The trade was a 9.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
TSS Trading Down 0.3%
Shares of TSSI stock opened at $15.75 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.63 and a quick ratio of 1.41. The company has a market cap of $437.38 million, a price-to-earnings ratio of 29.72 and a beta of 2.04. The stock has a 50 day simple moving average of $11.81 and a 200-day simple moving average of $11.58. 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 announced its earnings results on Wednesday, March 11th. The company reported $0.41 earnings per share for the quarter. The business 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%. On average, equities research analysts expect that TSS Inc. will post 0.27 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts recently commented on the company. Needham & Company LLC assumed coverage on TSS in a research report on Monday, March 30th. They set a "buy" rating and a $16.00 price target for the company. Zacks Research upgraded TSS to a "hold" rating in a research report on Tuesday, February 17th. Wall Street Zen cut TSS from a "hold" rating to a "sell" rating in a research report on Sunday, April 19th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of TSS in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $17.17.
Read Our Latest Analysis on TSSI
Institutional Trading of TSS
Large investors have recently made changes to their positions in the company. California State Teachers Retirement System purchased a new stake in shares of TSS during the second quarter worth approximately $33,000. Bank of America Corp DE purchased a new stake in shares of TSS during the fourth quarter worth approximately $40,000. BNP Paribas Financial Markets purchased a new stake in shares of TSS during the second quarter worth approximately $45,000. Legal & General Group Plc purchased a new stake in shares of TSS during the second quarter worth approximately $59,000. Finally, Tower Research Capital LLC TRC increased its position in shares of TSS by 81.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,129 shares of the company's stock worth $90,000 after purchasing an additional 1,401 shares in the last quarter.
About TSS
(
Get Free Report)
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.
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