TSS Inc. $TSSI Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its stake in shares of TSS Inc. (NASDAQ:TSSI) by 59.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,091 shares of the company’s stock after selling 87,077 shares during the quarter. Renaissance Technologies LLC owned about 0.21% of TSS worth $782,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. California State Teachers Retirement System acquired a new position in shares of TSS in the second quarter valued at approximately $33,000. BNP Paribas Financial Markets purchased a new position in TSS in the 2nd quarter valued at approximately $45,000. Legal & General Group Plc purchased a new position in TSS in the 2nd quarter valued at approximately $59,000. Tower Research Capital LLC TRC raised its holdings in 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 purchasing an additional 1,401 shares during the last quarter. Finally, Bank of America Corp DE acquired a new position in TSS during the fourth quarter worth $40,000.

Analysts Set New Price Targets

Several analysts have weighed in on TSSI shares. Needham & Company LLC lowered their target price on TSS from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Friday. Weiss Ratings lowered shares of TSS from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. Finally, Wall Street Zen raised shares of TSS from a “strong sell” rating to a “sell” rating in a research note on Saturday. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, TSS currently has a consensus rating of “Moderate Buy” and an average price target of $16.17.

TSS Stock Down 19.1%

Shares of NASDAQ:TSSI opened at $9.68 on Friday. 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 Inc. has a 52-week low of $6.87 and a 52-week high of $21.77. The stock’s fifty day simple moving average is $11.31 and its 200-day simple moving average is $11.69. The company has a market capitalization of $271.72 million, a P/E ratio of 20.17 and a beta of 2.09.

TSS (NASDAQ:TSSI) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The company had revenue of $35.14 million for the quarter. TSS had a net margin of 7.44% and a return on equity of 19.71%. As a group, equities research analysts forecast that TSS Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Transactions at TSS

In other news, Director Peter H. Woodward sold 200,000 shares of TSS stock in a transaction dated 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 in the company, valued at $15,805,182.47. The trade was a 16.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Kieran Brennan sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $16.00, for a total transaction of $160,000.00. Following the completion of the transaction, the senior vice president directly owned 271,333 shares of the company’s stock, valued at approximately $4,341,328. This represents a 3.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 310,000 shares of company stock worth $4,922,000. 15.97% of the stock is owned by insiders.

Key TSS News

Here are the key news stories impacting TSS this week:

• Positive Sentiment: Management highlighted a strategic shift toward higher-margin services: systems integration revenue increased 46% year over year and represented 39% of total revenue, up from 22% a year earlier. Facilities management revenue also grew 84%. TSS Reports Second Quarter 2026 Financial Results
• Positive Sentiment: TSS maintained its full-year adjusted EBITDA outlook toward the upper end of its $20 million-$22 million range. Its approximately $17 million investment in next-generation AI data-center technology is expected to be substantially ready by September and begin supporting higher systems-integration revenue in the third quarter. TSS Maintains EBITDA Outlook as Vera Rubin Buildout Nears Completion
• Neutral Sentiment: Needham lowered its price target from $16 to $13 but retained a “Buy” rating, implying continued confidence in TSS’s AI infrastructure opportunity while reflecting more cautious near-term expectations. Needham Lowers TSS Price Target
• Negative Sentiment: Second-quarter adjusted earnings were $0.05 per share, below the $0.08 consensus estimate and down from $0.06 a year earlier. Revenue totaled $35.14 million, with the overall decline reflecting TSS’s transition away from lower-margin procurement revenue. TSS Misses Second-Quarter Earnings and Revenue Estimates

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.