TSS Inc. $TSSI Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. cut its holdings in shares of TSS Inc. (NASDAQ:TSSI) by 7.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,700 shares of the company’s stock after selling 8,514 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.42% of TSS worth $3,019,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in TSS by 167.1% in the 2nd quarter. Geode Capital Management LLC now owns 389,872 shares of the company’s stock worth $11,242,000 after purchasing an additional 243,910 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in shares of TSS in the first quarter valued at approximately $1,087,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of TSS in the second quarter valued at approximately $3,483,000. NewEdge Advisors LLC lifted its position in TSS by 536.7% during the first quarter. NewEdge Advisors LLC now owns 141,686 shares of the company’s stock worth $1,112,000 after buying an additional 119,432 shares in the last quarter. Finally, Penserra Capital Management LLC acquired a new position in TSS during the second quarter worth $2,879,000.

Insider Buying and Selling

In other news, CFO Daniel M. Chism sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $16.17, for a total value of $242,550.00. Following the sale, the chief financial officer directly owned 296,219 shares of the company’s stock, valued at approximately $4,789,861.23. The trade was a 4.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Karl Todd Marrott sold 11,100 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $16.17, for a total transaction of $179,487.00. Following the transaction, the chief operating officer directly owned 295,575 shares of the company’s stock, valued at $4,779,447.75. The trade was a 3.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 67,925 shares of company stock worth $1,099,233 over the last three months. Insiders own 18.94% of the company’s stock.

TSS Stock Performance

Shares of TSS stock opened at $7.75 on Friday. The firm has a market cap of $223.55 million, a PE ratio of 21.53 and a beta of 1.69. The company has a quick ratio of 0.65, a current ratio of 0.81 and a debt-to-equity ratio of 2.05. TSS Inc. has a 52 week low of $5.63 and a 52 week high of $31.94. The business’s fifty day simple moving average is $16.40 and its 200-day simple moving average is $18.26.

TSS (NASDAQ:TSSI) last issued its quarterly earnings data on Thursday, November 13th. The company reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $41.88 million for the quarter. TSS had a return on equity of 107.01% and a net margin of 3.43%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TSS in a research note on Thursday, November 13th. Wall Street Zen lowered shares of TSS from a “hold” rating to a “strong sell” rating in a report on Saturday, November 15th. Finally, Singular Research assumed coverage on shares of TSS in a research note on Tuesday, September 16th. They set a “buy” rating and a $20.50 target price on the stock. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, TSS has an average rating of “Moderate Buy” and an average price target of $20.50.

TSS 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.