Insider Selling: TSS (NASDAQ:TSSI) Director Sells $3,214,000.00 in Stock

TSS Inc. (NASDAQ:TSSI) Director Peter Woodward sold 200,000 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $16.07, for a total value of $3,214,000.00. Following the transaction, the director owned 983,521 shares in the company, valued at $15,805,182.47. This trade represents a 16.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

TSS Trading Up 4.0%

Shares of NASDAQ:TSSI opened at $14.49 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.18 and a quick ratio of 1.99. The business’s 50 day moving average price is $13.61 and its 200-day moving average price is $10.74. The firm has a market capitalization of $406.73 million, a price-to-earnings ratio of 29.57 and a beta of 1.99. TSS Inc. has a 1 year low of $6.87 and a 1 year high of $31.94.

TSS (NASDAQ:TSSI) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. The firm had revenue of $55.35 million for the quarter. TSS had a return on equity of 25.27% and a net margin of 7.14%. On average, equities research analysts forecast that TSS Inc. will post 0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSSI. California State Teachers Retirement System purchased a new position in shares of TSS during the 2nd quarter worth $33,000. BNP Paribas Financial Markets purchased a new position in shares of TSS during the 2nd quarter worth $45,000. Legal & General Group Plc purchased a new position in shares of TSS during the 2nd quarter worth $59,000. Tower Research Capital LLC TRC raised its holdings in shares of TSS by 81.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,129 shares of the company’s stock worth $90,000 after acquiring an additional 1,401 shares during the period. Finally, Bank of America Corp DE purchased a new position in shares of TSS during the 4th quarter worth $40,000.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TSSI. Weiss Ratings upgraded TSS from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Needham & Company LLC restated a “buy” rating and issued a $16.00 price objective on shares of TSS in a report on Friday, May 8th. Zacks Research upgraded TSS to a “hold” rating in a report on Tuesday, February 17th. Finally, Wall Street Zen lowered TSS from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $17.17.

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.