TSS (NASDAQ:TSSI) Director Peter Woodward Sells 200,000 Shares

TSS Inc. (NASDAQ:TSSI) Director Peter Woodward sold 200,000 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $16.07, for a total transaction of $3,214,000.00. Following the completion of the sale, the director directly owned 983,521 shares of the company’s stock, valued at approximately $15,805,182.47. This trade represents a 16.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

TSS Price Performance

Shares of TSSI opened at $15.09 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.18 and a quick ratio of 1.99. The stock has a market cap of $423.58 million, a PE ratio of 30.80 and a beta of 1.99. TSS Inc. has a 1-year low of $6.87 and a 1-year high of $31.94. The firm has a fifty day moving average price of $13.46 and a 200 day moving average price of $10.71.

TSS (NASDAQ:TSSI) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. The company had revenue of $55.35 million for the quarter. TSS had a net margin of 7.14% and a return on equity of 25.27%. As a group, sell-side analysts anticipate that TSS Inc. will post 0.32 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TSSI. California State Teachers Retirement System acquired a new position in shares of TSS during the second quarter worth about $33,000. Bank of America Corp DE acquired a new position in shares of TSS during the fourth quarter worth about $40,000. BNP Paribas Financial Markets acquired a new position in shares of TSS during the second quarter worth about $45,000. Legal & General Group Plc acquired a new position in shares of TSS during the second quarter worth about $59,000. Finally, Tower Research Capital LLC TRC increased its stake 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 acquiring an additional 1,401 shares during the period.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Wall Street Zen lowered shares of TSS from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. Zacks Research upgraded shares of TSS to a “hold” rating in a research note on Tuesday, February 17th. Weiss Ratings upgraded shares of TSS from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Finally, Needham & Company LLC restated a “buy” rating and issued a $16.00 price objective on shares of TSS in a research note on Friday, May 8th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, TSS 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.