TSS (NASDAQ:TSSI) Issues Earnings Results

TSS (NASDAQ:TSSI) issued its quarterly earnings data on Thursday. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01, FiscalAI reports. The company had revenue of $50.06 million during the quarter. TSS had a net margin of 7.44% and a return on equity of 19.22%.

TSS Stock Performance

Shares of TSSI stock traded down $0.90 during trading hours on Thursday, hitting $5.95. The company’s stock had a trading volume of 1,443,641 shares, compared to its average volume of 1,253,368. The company has a 50 day moving average of $8.45 and a 200 day moving average of $10.78. The stock has a market cap of $167.91 million, a PE ratio of 12.40 and a beta of 2.06. The company has a current ratio of 1.66, a quick ratio of 1.38 and a debt-to-equity ratio of 0.15. TSS has a 12-month low of $5.90 and a 12-month high of $17.77.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TSSI. Alyeska Investment Group L.P. purchased a new position in shares of TSS during the 2nd quarter valued at about $1,914,000. Bank of New York Mellon Corp acquired a new position in shares of TSS in the 2nd quarter valued at about $917,000. Hsbc Holdings PLC purchased a new stake in shares of TSS in the second quarter worth about $324,000. Royal Bank of Canada boosted its stake in shares of TSS by 78.5% in the first quarter. Royal Bank of Canada now owns 25,849 shares of the company’s stock worth $336,000 after buying an additional 11,365 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of TSS by 21.2% in the first quarter. Bank of America Corp DE now owns 23,034 shares of the company’s stock worth $300,000 after buying an additional 4,026 shares during the last quarter.

Analysts Set New Price Targets

Several analysts have commented on TSSI shares. Wall Street Zen raised shares of TSS from a “sell” rating to a “hold” rating in a research report on Saturday, October 17th. Needham & Company LLC lowered their target price on shares of TSS from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, August 14th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of TSS in a research report on Monday, September 14th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $14.00.

About TSS

TSS, Inc (NASDAQ:TSSI) provides data center infrastructure solutions and related services for organizations that require reliable, scalable computing environments. The company supports the planning, design, deployment, and operation of data center facilities and technology infrastructure.

Its services may include data center engineering and construction support, equipment procurement and integration, installation, infrastructure management, and ongoing maintenance. TSS serves customers with demanding information technology requirements, including enterprises, technology companies, and data center operators.

The company’s activities are centered on helping customers build and maintain physical environments for servers, networking equipment, storage systems, power systems, and cooling infrastructure.