Value Aligned Research Advisors LLC Has $7.81 Million Holdings in TSS Inc. $TSSI

Value Aligned Research Advisors LLC grew its holdings in TSS Inc. (NASDAQ:TSSI) by 22.1% in the 3rd quarter, Holdings Channel reports. The fund owned 431,263 shares of the company’s stock after purchasing an additional 78,114 shares during the quarter. Value Aligned Research Advisors LLC’s holdings in TSS were worth $7,810,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in TSS during the 2nd quarter valued at $8,862,000. Vanguard Group Inc. increased its holdings in shares of TSS by 31.2% during the 3rd quarter. Vanguard Group Inc. now owns 1,240,958 shares of the company’s stock worth $22,474,000 after purchasing an additional 294,971 shares during the period. Geode Capital Management LLC increased its holdings in shares of TSS by 167.1% during 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 during the period. Jump Financial LLC acquired a new position in shares of TSS during the second quarter valued at about $6,801,000. Finally, Soviero Asset Management LP bought a new stake in shares of TSS in the second quarter valued at about $4,613,000.

Insider Activity at TSS

In other news, SVP Kieran Brennan sold 12,000 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $12.27, for a total value of $147,240.00. Following the sale, the senior vice president owned 279,137 shares of the company’s stock, valued at approximately $3,425,010.99. This represents a 4.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 18.94% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on TSSI shares. Weiss Ratings restated a “hold (c-)” rating on shares of TSS in a research note on Monday, December 29th. Loop Capital set a $15.00 price objective on TSS in a research report on Monday, December 1st. Finally, Zacks Research upgraded TSS to a “hold” rating in a research report on Tuesday, February 17th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $17.75.

TSS Price Performance

TSS stock opened at $10.87 on Thursday. The business has a 50 day simple moving average of $9.83 and a 200 day simple moving average of $12.02. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.52 and a quick ratio of 1.35. The company has a market capitalization of $313.49 million, a PE ratio of 20.51 and a beta of 2.12. TSS Inc. has a one year low of $5.63 and a one year high of $31.94.

TSS (NASDAQ:TSSI) last announced its quarterly earnings results on Wednesday, March 11th. The company reported $0.41 earnings per share for the quarter. TSS had a return on equity of 55.11% and a net margin of 6.16%.The firm had revenue of $60.91 million for the quarter.

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. TSS Inc, formerly known as Fortress International Group, Inc, is based in Columbia, United States.