TSS (NASDAQ:TSSI) Director Peter Woodward Sells 100,000 Shares

TSS Inc. (NASDAQ:TSSI) Director Peter Woodward sold 100,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $15.48, for a total value of $1,548,000.00. Following the transaction, the director owned 1,114,061 shares in the company, valued at approximately $17,245,664.28. This trade represents a 8.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

TSS Price Performance

Shares of NASDAQ:TSSI opened at $15.09 on Wednesday. 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’s fifty day simple moving average is $13.46 and its two-hundred day simple moving average is $10.71. TSS Inc. has a 1-year low of $6.87 and a 1-year high of $31.94. The stock has a market cap of $423.58 million, a PE ratio of 30.80 and a beta of 1.99.

TSS (NASDAQ:TSSI) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.04. TSS had a return on equity of 25.27% and a net margin of 7.14%.The business had revenue of $55.35 million for the quarter. As a group, analysts forecast that TSS Inc. will post 0.32 EPS for the current fiscal year.

Institutional Investors Weigh In On TSS

Several large investors have recently made changes to their positions in the business. California State Teachers Retirement System purchased a new stake in shares of TSS during the 2nd quarter valued at $33,000. Osaic Holdings Inc. increased its holdings in TSS by 17.6% in the 2nd quarter. Osaic Holdings Inc. now owns 9,193 shares of the company’s stock worth $265,000 after acquiring an additional 1,375 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in TSS by 81.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,129 shares of the company’s stock worth $90,000 after acquiring an additional 1,401 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in TSS in the 2nd quarter worth about $45,000. Finally, Creative Financial Designs Inc. ADV increased its holdings in TSS by 5.1% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 35,250 shares of the company’s stock worth $638,000 after acquiring an additional 1,700 shares during the last quarter.

Analyst Ratings Changes

TSSI has been the subject of several research analyst reports. Zacks Research raised TSS to a “hold” rating in a research report on Tuesday, February 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 target price on shares of TSS in a research report on Friday, May 8th. Wall Street Zen lowered TSS from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings raised TSS from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.17.

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.