Key Points
- TSS Director Peter Woodward sold 100,000 shares on June 2 at an average price of $15.48, totaling about $1.55 million. After the sale, he still held 1,114,061 shares, trimming his position by 8.24%.
- The stock fell 3.6% and opened at $15.09, below its recent trading average but well above its 52-week low of $6.87. TSS currently has a market cap of about $423.6 million and a beta of 1.99.
- Recent earnings and analyst views were mixed to positive: TSS reported $0.08 EPS, beating estimates, and revenue of $55.35 million. Analysts have a consensus rating of Moderate Buy with an average target price of $17.17.
TSS Inc. (NASDAQ:TSSI - Get Free Report) SVP Kieran Brennan sold 10,000 shares of the firm's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $16.00, for a total value of $160,000.00. Following the completion of the transaction, the senior vice president owned 271,333 shares in the company, valued at $4,341,328. The trade was a 3.55% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Kieran Brennan also recently made the following trade(s):
- On Monday, March 16th, Kieran Brennan sold 12,000 shares of TSS stock. The shares were sold at an average price of $12.27, for a total value of $147,240.00.
TSS Trading Down 3.6%
Shares of TSSI stock opened at $15.09 on Wednesday. The stock's fifty day moving average is $13.46 and its two-hundred day moving average is $10.71. The firm has a market capitalization of $423.58 million, a P/E ratio of 30.80 and a beta of 1.99. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.99 and a current ratio of 2.18. TSS Inc. has a fifty-two week low of $6.87 and a fifty-two week high of $31.94.
TSS (NASDAQ:TSSI - Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.04. The company had revenue of $55.35 million for the quarter. TSS had a return on equity of 25.27% and a net margin of 7.14%. Research analysts expect that TSS Inc. will post 0.32 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on TSSI shares. Weiss Ratings raised TSS from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, May 27th. Needham & Company LLC reissued a "buy" rating and set a $16.00 price objective on shares of TSS in a research note on Friday, May 8th. Wall Street Zen lowered TSS from a "sell" rating to a "strong sell" rating in a research note on Saturday, May 16th. Finally, Zacks Research raised TSS to a "hold" rating in a research note on Tuesday, February 17th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, TSS has an average rating of "Moderate Buy" and an average price target of $17.17.
View Our Latest Report on TSS
Institutional Investors Weigh In On TSS
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System purchased a new stake in TSS in the second quarter valued at $33,000. Osaic Holdings Inc. raised its position in TSS by 17.6% in the second quarter. Osaic Holdings Inc. now owns 9,193 shares of the company's stock valued at $265,000 after purchasing an additional 1,375 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of TSS by 81.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,129 shares of the company's stock valued at $90,000 after buying an additional 1,401 shares during the period. BNP Paribas Financial Markets purchased a new stake in shares of TSS in the 2nd quarter valued at $45,000. Finally, Creative Financial Designs Inc. ADV raised its holdings in shares of TSS by 5.1% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 35,250 shares of the company's stock valued at $638,000 after buying an additional 1,700 shares during the period.
TSS Company Profile
(
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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