Foundations Investment Advisors LLC Makes New Investment in TSS Inc. $TSSI

Foundations Investment Advisors LLC purchased a new stake in TSS Inc. (NASDAQ:TSSI) during the 2nd quarter, HoldingsChannel reports. The fund purchased 13,854 shares of the company’s stock, valued at approximately $399,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC increased its position in shares of TSS by 167.1% in the second quarter. Geode Capital Management LLC now owns 389,872 shares of the company’s stock worth $11,242,000 after purchasing an additional 243,910 shares during the last quarter. Value Aligned Research Advisors LLC grew its stake in TSS by 34.0% in the 1st quarter. Value Aligned Research Advisors LLC now owns 252,128 shares of the company’s stock worth $1,979,000 after buying an additional 63,982 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of TSS by 536.7% in the 1st quarter. NewEdge Advisors LLC now owns 141,686 shares of the company’s stock worth $1,112,000 after buying an additional 119,432 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in shares of TSS during the 1st quarter valued at $1,087,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of TSS during the 2nd quarter worth $3,483,000.

Wall Street Analyst Weigh In

A number of research analysts recently commented on TSSI shares. Weiss Ratings reissued a “hold (c)” rating on shares of TSS in a research note on Thursday, November 13th. Wall Street Zen lowered TSS from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 15th. Finally, Singular Research assumed coverage on TSS in a report on Tuesday, September 16th. They set a “buy” rating and a $20.50 price objective on the stock. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, TSS has a consensus rating of “Moderate Buy” and a consensus target price of $20.50.

TSS Stock Performance

NASDAQ TSSI opened at $7.56 on Thursday. The company has a 50-day simple moving average of $16.72 and a two-hundred day simple moving average of $18.25. TSS Inc. has a 12-month low of $5.63 and a 12-month high of $31.94. The firm has a market cap of $218.07 million, a price-to-earnings ratio of 21.00 and a beta of 1.69. The company has a quick ratio of 0.65, a current ratio of 0.81 and a debt-to-equity ratio of 2.05.

TSS (NASDAQ:TSSI) last released its quarterly earnings data on Thursday, November 13th. The company reported ($0.06) EPS for the quarter. TSS had a return on equity of 107.01% and a net margin of 3.43%.The company had revenue of $41.88 million during the quarter.

Insider Buying and Selling

In other news, COO Karl Todd Marrott sold 23,908 shares of the firm’s 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 in the company, valued at approximately $4,955,868. This trade represents a 7.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Daniel M. Chism sold 15,000 shares of TSS stock in a transaction 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. The trade was a 4.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 67,925 shares of company stock worth $1,099,233 over the last ninety days. Insiders own 18.94% of the company’s stock.

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.