Insider Selling: TSS (NASDAQ:TSSI) COO Sells 800 Shares of Stock

TSS Inc. (NASDAQ:TSSI) COO Karl Todd Marrott sold 800 shares of the firm’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $15.00, for a total value of $12,000.00. Following the completion of the transaction, the chief operating officer owned 290,136 shares of the company’s stock, valued at approximately $4,352,040. The trade was a 0.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

TSS Stock Performance

NASDAQ TSSI traded down $0.06 during trading hours on Friday, reaching $14.91. The stock had a trading volume of 1,889,667 shares, compared to its average volume of 1,534,222. TSS Inc. has a 52-week low of $6.50 and a 52-week high of $31.94. The stock has a fifty day moving average of $10.99 and a 200 day moving average of $11.70. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.41 and a current ratio of 1.63. The stock has a market cap of $414.11 million, a P/E ratio of 28.13 and a beta of 2.04.

TSS (NASDAQ:TSSI) last posted its quarterly 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 6.16% and a return on equity of 38.06%.

Institutional Investors Weigh In On TSS

Institutional investors have recently modified their holdings of the business. California State Teachers Retirement System acquired a new position in TSS in the 2nd quarter worth about $33,000. BNP Paribas Financial Markets purchased a new stake in shares of TSS in the second quarter valued at approximately $45,000. Legal & General Group Plc acquired a new position in shares of TSS during the 2nd quarter worth approximately $59,000. Tower Research Capital LLC TRC lifted its position 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 valued at $90,000 after buying an additional 1,401 shares in the last quarter. Finally, Bank of America Corp DE purchased a new position in shares of TSS during the 4th quarter valued at approximately $40,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TSSI shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of TSS in a report on Monday, December 29th. Needham & Company LLC began coverage on TSS in a report on Monday, March 30th. They set a “buy” rating and a $16.00 target price on the stock. Wall Street Zen upgraded TSS from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Zacks Research raised 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 assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.