Texas Permanent School Fund increased its position in Team, Inc. (NYSE:TISI) by 3.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,419 shares of the business services provider’s stock after buying an additional 740 shares during the quarter. Texas Permanent School Fund’s holdings in Team were worth $357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in Team by 3.4% in the 4th quarter. BlackRock Inc. now owns 4,414,364 shares of the business services provider’s stock worth $64,669,000 after buying an additional 144,716 shares during the last quarter. Vanguard Group Inc. lifted its position in Team by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,955,740 shares of the business services provider’s stock worth $66,503,000 after buying an additional 113,382 shares during the last quarter. Principal Financial Group Inc. lifted its position in Team by 0.7% in the 4th quarter. Principal Financial Group Inc. now owns 244,151 shares of the business services provider’s stock worth $3,577,000 after buying an additional 1,742 shares during the last quarter. Monarch Partners Asset Management LLC lifted its position in Team by 53.5% in the 4th quarter. Monarch Partners Asset Management LLC now owns 233,618 shares of the business services provider’s stock worth $3,423,000 after buying an additional 81,418 shares during the last quarter. Finally, WealthTrust Axiom LLC lifted its position in Team by 2.7% in the 4th quarter. WealthTrust Axiom LLC now owns 219,909 shares of the business services provider’s stock worth $3,221,000 after buying an additional 5,822 shares during the last quarter.

Shares of TISI stock opened at $14.52 on Friday. The company has a current ratio of 2.18, a quick ratio of 1.86 and a debt-to-equity ratio of 0.94. Team, Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $25.55.

Team (NYSE:TISI) last announced its quarterly earnings data on Tuesday, May 7th. The business services provider reported ($0.66) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by ($0.31). Team had a negative net margin of 5.86% and a negative return on equity of 5.75%. The company had revenue of $269.60 million during the quarter, compared to the consensus estimate of $294.20 million. Equities research analysts anticipate that Team, Inc. will post -0.12 EPS for the current year.

In related news, Director Craig L. Martin acquired 20,000 shares of the stock in a transaction on Tuesday, May 21st. The stock was purchased at an average price of $15.20 per share, for a total transaction of $304,000.00. Following the completion of the transaction, the director now owns 29,585 shares of the company’s stock, valued at approximately $449,692. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.50% of the company’s stock.

A number of analysts recently weighed in on TISI shares. ValuEngine upgraded Team from a “hold” rating to a “buy” rating in a research report on Friday, March 15th. Zacks Investment Research upgraded Team from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Thursday, March 14th. Finally, TheStreet upgraded Team from a “d+” rating to a “c-” rating in a research report on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $22.33.

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About Team

Team, Inc provides specialty industrial services in the United States, Canada, Europe, and internationally. It operates through three segments: Inspection and Heat Treating Group (IHT), Mechanical Services Group (MS), and Quest Integrity Group (Quest Integrity). The IHT segment offers non-destructive evaluation and testing, radiographic testing, ultrasonic testing, magnetic particle inspection, liquid penetrant inspection, positive material identification, electromagnetic testing, alternating current field measurement, and eddy current testing services.

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Institutional Ownership by Quarter for Team (NYSE:TISI)

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