UBS Group AG Has $2.24 Million Holdings in TSS Inc. $TSSI

UBS Group AG lifted its stake in shares of TSS Inc. (NASDAQ:TSSI) by 188.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 316,456 shares of the company’s stock after buying an additional 206,600 shares during the period. UBS Group AG’s holdings in TSS were worth $2,237,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Dupree Financial Group LLC acquired a new position in shares of TSS during the fourth quarter worth $684,000. Palisades Investment Partners LLC increased its holdings in shares of TSS by 11.7% during the fourth quarter. Palisades Investment Partners LLC now owns 31,195 shares of the company’s stock worth $221,000 after buying an additional 3,269 shares in the last quarter. Value Aligned Research Advisors LLC increased its holdings in shares of TSS by 22.1% during the third quarter. Value Aligned Research Advisors LLC now owns 431,263 shares of the company’s stock worth $7,810,000 after buying an additional 78,114 shares in the last quarter. Cantor Fitzgerald L. P. acquired a new position in shares of TSS during the third quarter worth $421,000. Finally, Advisory Services Network LLC acquired a new position in shares of TSS during the third quarter worth $334,000.

Wall Street Analyst Weigh In

TSSI has been the subject of several research analyst reports. Weiss Ratings downgraded shares of TSS from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Needham & Company LLC reiterated a “buy” rating and set a $16.00 price target on shares of TSS in a report on Friday, May 8th. Wall Street Zen downgraded shares of TSS from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Finally, Zacks Research upgraded shares of TSS to a “hold” rating in a report on Tuesday, February 17th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.17.

Insider Buying and Selling

In related news, CEO Darryll E. Dewan sold 50,000 shares of the stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $16.00, for a total value of $800,000.00. Following the completion of the sale, the chief executive officer directly owned 504,471 shares in the company, valued at $8,071,536. This represents a 9.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Kieran Brennan sold 12,000 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $12.27, for a total value of $147,240.00. Following the completion of the sale, the senior vice president owned 279,137 shares of the company’s stock, valued at $3,425,010.99. The trade was a 4.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 176,649 shares of company stock valued at $2,670,031. Company insiders own 18.94% of the company’s stock.

TSS Stock Performance

NASDAQ TSSI opened at $12.54 on Thursday. The company has a market capitalization of $352.00 million, a price-to-earnings ratio of 25.59 and a beta of 2.04. TSS Inc. has a twelve month low of $6.87 and a twelve month high of $31.94. The stock has a fifty day simple moving average of $13.22 and a 200 day simple moving average of $10.74. The company has a quick ratio of 1.99, a current ratio of 2.18 and a debt-to-equity ratio of 0.16.

TSS (NASDAQ:TSSI) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. The business had revenue of $55.35 million during the quarter. TSS had a return on equity of 25.27% and a net margin of 7.14%. Sell-side analysts expect that TSS Inc. will post 0.32 EPS for the current year.

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.