TSS (NASDAQ:TSSI) Stock Rating Lowered by Wall Street Zen

TSS (NASDAQ:TSSI) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Sunday.

Several other analysts have also recently issued reports on TSSI. Weiss Ratings reiterated a “hold (c-)” rating on shares of TSS in a research report on Monday, December 29th. Zacks Research upgraded TSS to a “hold” rating in a research report on Tuesday, February 17th. Finally, Needham & Company LLC began coverage on TSS in a research report on Monday, March 30th. They set a “buy” rating and a $16.00 target price for the company. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, TSS has an average rating of “Moderate Buy” and an average target price of $17.17.

TSS Stock Performance

NASDAQ:TSSI opened at $14.64 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.41 and a debt-to-equity ratio of 0.18. TSS has a 12-month low of $6.50 and a 12-month high of $31.94. The stock has a 50-day moving average price of $11.22 and a 200 day moving average price of $11.55. The stock has a market capitalization of $406.55 million, a P/E ratio of 27.62 and a beta of 2.04.

TSS (NASDAQ:TSSI) last released its earnings results on Wednesday, March 11th. The company reported $0.41 earnings per share (EPS) for the quarter. TSS had a return on equity of 38.06% and a net margin of 6.16%.The firm had revenue of $60.91 million during the quarter. Equities research analysts forecast that TSS will post 0.27 EPS for the current fiscal year.

Insider Transactions at TSS

In other TSS news, SVP Kieran Brennan sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $12.27, for a total transaction of $147,240.00. Following the completion of the transaction, the senior vice president owned 279,137 shares in the company, valued at $3,425,010.99. This trade represents a 4.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Karl Todd Marrott sold 23,636 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $15.11, for a total value of $357,139.96. Following the transaction, the chief operating officer owned 251,287 shares of the company’s stock, valued at $3,796,946.57. This represents a 8.60% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 126,649 shares of company stock worth $1,870,031. 18.94% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TSS

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in TSS by 31.2% during the 3rd quarter. Vanguard Group Inc. now owns 1,240,958 shares of the company’s stock valued at $22,474,000 after buying an additional 294,971 shares in the last quarter. Millennium Management LLC grew its holdings in TSS by 81.9% during the 4th quarter. Millennium Management LLC now owns 865,350 shares of the company’s stock valued at $6,118,000 after buying an additional 389,497 shares in the last quarter. Geode Capital Management LLC grew its holdings in TSS by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 539,359 shares of the company’s stock valued at $3,814,000 after buying an additional 41,536 shares in the last quarter. Value Aligned Research Advisors LLC grew its holdings in TSS by 6.8% during the 4th quarter. Value Aligned Research Advisors LLC now owns 460,510 shares of the company’s stock valued at $3,256,000 after buying an additional 29,247 shares in the last quarter. Finally, UBS Group AG grew its holdings in TSS by 188.1% during the 4th quarter. UBS Group AG now owns 316,456 shares of the company’s stock valued at $2,237,000 after buying an additional 206,600 shares in the last quarter.

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.