TSS (NASDAQ:TSSI) SVP Kieran Brennan Sells 10,000 Shares of Stock

TSS Inc. (NASDAQ:TSSI) SVP Kieran Brennan sold 10,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $16.00, for a total value of $160,000.00. Following the sale, the senior vice president directly owned 271,333 shares in the company, valued at approximately $4,341,328. This trade represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $12.27, for a total value of $147,240.00.

TSS Stock Down 3.6%

TSS stock opened at $15.09 on Wednesday. The firm has a market cap of $423.58 million, a price-to-earnings ratio of 30.80 and a beta of 1.99. TSS Inc. has a 52 week low of $6.87 and a 52 week high of $31.94. The business’s 50-day moving average price is $13.46 and its 200 day moving average price is $10.71. The company has a quick ratio of 1.99, a current ratio of 2.18 and a debt-to-equity ratio of 0.16.

TSS (NASDAQ:TSSI) last posted its earnings results on Thursday, May 7th. The company reported $0.08 EPS for the quarter, topping 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 firm had revenue of $55.35 million for the quarter. As a group, sell-side analysts anticipate that TSS Inc. will post 0.32 earnings per share for the current year.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSSI. Millennium Management LLC lifted its holdings in 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 purchasing an additional 389,497 shares in the last quarter. Raymond James Financial Inc. purchased a new position in TSS in the 2nd quarter valued at $8,862,000. Vanguard Group Inc. lifted its holdings in TSS by 31.2% in the 3rd 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 in the last quarter. UBS Group AG lifted its holdings 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 purchasing an additional 206,600 shares in the last quarter. Finally, Arosa Capital Management LP purchased a new position in TSS in the 4th quarter valued at $1,414,000.

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.