Stock Traders Buy High Volume of TSS Call Options (NASDAQ:TSSI)

TSS Inc. (NASDAQ:TSSI) saw unusually large options trading activity on Wednesday. Traders acquired 6,152 call options on the company. This represents an increase of approximately 149% compared to the average volume of 2,471 call options.

TSS Stock Performance

TSSI traded up $1.40 during midday trading on Wednesday, reaching $12.45. The company had a trading volume of 10,302,793 shares, compared to its average volume of 1,317,571. The business has a 50-day moving average of $9.34 and a two-hundred day moving average of $12.14. The company has a quick ratio of 1.35, a current ratio of 1.52 and a debt-to-equity ratio of 0.30. TSS has a 1 year low of $5.63 and a 1 year high of $31.94. The company has a market cap of $359.14 million, a P/E ratio of 62.40 and a beta of 2.12.

TSS (NASDAQ:TSSI) last released its earnings results on Wednesday, March 11th. The company reported $0.41 earnings per share (EPS) for the quarter. The company had revenue of $60.91 million during the quarter. TSS had a net margin of 2.08% and a return on equity of 21.81%.

Analyst Ratings Changes

Several brokerages recently issued reports on TSSI. Loop Capital set a $15.00 target price on TSS in a research report on Monday, December 1st. Wall Street Zen downgraded shares of TSS from a “hold” rating to a “strong sell” rating in a report on Saturday, November 15th. Zacks Research upgraded shares of TSS to a “hold” rating in a report on Tuesday, February 17th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of TSS in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $17.75.

Insiders Place Their Bets

In related news, Director Peter H. Woodward sold 21,700 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $8.30, for a total value of $180,110.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 18.94% of the company’s stock.

Hedge Funds Weigh In On TSS

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSSI. California State Teachers Retirement System bought a new position in TSS during the 2nd quarter valued at about $33,000. Bank of America Corp DE bought a new stake in TSS in the fourth quarter worth about $40,000. BNP Paribas Financial Markets purchased a new position in shares of TSS during the second quarter valued at approximately $45,000. Ameritas Investment Partners Inc. purchased a new position in shares of TSS during the second quarter valued at approximately $54,000. Finally, Legal & General Group Plc bought a new position in shares of TSS during the second quarter valued at approximately $59,000.

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.