TSS (NASDAQ:TSSI) SVP Sells $147,240.00 in Stock

TSS Inc. (NASDAQ:TSSI) SVP Kieran Brennan sold 12,000 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $12.27, for a total transaction of $147,240.00. Following the transaction, the senior vice president directly owned 279,137 shares of the company’s stock, valued at approximately $3,425,010.99. This trade represents a 4.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TSS Stock Performance

NASDAQ:TSSI traded down $0.40 during mid-day trading on Tuesday, hitting $11.72. The company’s stock had a trading volume of 1,240,338 shares, compared to its average volume of 1,467,479. The business’s fifty day moving average is $9.72 and its two-hundred day moving average is $12.05. The stock has a market cap of $338.00 million, a price-to-earnings ratio of 22.11 and a beta of 2.12. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.52 and a quick ratio of 1.35. TSS Inc. has a 1 year low of $5.63 and a 1 year high of $31.94.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in TSS by 167.1% in the 2nd quarter. Geode Capital Management LLC now owns 389,872 shares of the company’s stock valued at $11,242,000 after acquiring an additional 243,910 shares during the last quarter. Jump Financial LLC acquired a new position in shares of TSS during the 2nd quarter worth approximately $6,801,000. Soviero Asset Management LP acquired a new position in shares of TSS during the 2nd quarter worth approximately $4,613,000. Precision Wealth Strategies LLC purchased a new stake in shares of TSS in the third quarter valued at approximately $1,547,000. Finally, Bank of Montreal Can purchased a new stake in shares of TSS in the second quarter valued at approximately $202,000.

Analyst Upgrades and Downgrades

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

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.