TSS’s (TSSI) Hold (C+) Rating Reiterated at Weiss Ratings

Weiss Ratings restated their hold (c+) rating on shares of TSS (NASDAQ:TSSI) in a research report sent to investors on Wednesday morning,Weiss Ratings reports.

Several other analysts also recently issued reports on the stock. Singular Research started coverage on shares of TSS in a research report on Tuesday, September 16th. They issued a “buy” rating and a $20.50 price objective for the company. Wall Street Zen downgraded shares of TSS from a “buy” rating to a “hold” rating in a research report on Monday, June 23rd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, TSS currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.50.

TSS Stock Down 11.1%

TSSI opened at $17.67 on Wednesday. The firm has a 50 day moving average price of $17.31 and a 200 day moving average price of $16.41. The company has a market cap of $448.11 million, a PE ratio of 49.08 and a beta of 1.73. TSS has a 1 year low of $5.25 and a 1 year high of $31.94. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.81.

TSS (NASDAQ:TSSI) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter. TSS had a net margin of 3.43% and a return on equity of 107.01%. The company had revenue of $43.97 million during the quarter.

Insider Activity at TSS

In other news, CFO Daniel M. Chism sold 15,000 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 $242,550.00. Following the completion of the transaction, the chief financial officer directly owned 296,219 shares in the company, valued at approximately $4,789,861.23. This represents a 4.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Karl Todd Marrott sold 23,908 shares of the stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $16.16, for a total value of $386,353.28. Following the transaction, the chief operating officer owned 306,675 shares of the company’s stock, valued at approximately $4,955,868. This trade represents a 7.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,925 shares of company stock valued at $1,099,233. Company insiders own 18.94% of the company’s stock.

Hedge Funds Weigh In On TSS

Several institutional investors and hedge funds have recently made changes to their positions in TSSI. Bank of America Corp DE bought a new position in TSS during the fourth quarter worth $40,000. Wealth Enhancement Advisory Services LLC bought a new position in TSS during the first quarter worth $122,000. Ritholtz Wealth Management bought a new position in TSS during the first quarter worth $247,000. Huntleigh Advisors Inc. lifted its stake in TSS by 9.8% during the first quarter. Huntleigh Advisors Inc. now owns 81,999 shares of the company’s stock worth $644,000 after purchasing an additional 7,319 shares during the last quarter. Finally, Palisades Investment Partners LLC lifted its stake in TSS by 2.0% during the first quarter. Palisades Investment Partners LLC now owns 257,865 shares of the company’s stock worth $2,024,000 after purchasing an additional 5,142 shares during the last quarter.

TSS Company 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.