TSS (NASDAQ:TSSI) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of TSS (NASDAQ:TSSI) from a hold rating to a buy rating in a research note released on Sunday.

TSS Stock Up 0.9%

Shares of NASDAQ TSSI opened at $21.79 on Friday. The firm’s 50-day simple moving average is $11.44 and its 200 day simple moving average is $11.24. The company has a market cap of $545.19 million, a price-to-earnings ratio of 60.53 and a beta of 1.41. The company has a quick ratio of 0.56, a current ratio of 0.85 and a debt-to-equity ratio of 0.87. TSS has a 12-month low of $1.85 and a 12-month high of $22.20.

TSS (NASDAQ:TSSI) last issued its quarterly earnings results on Thursday, May 15th. The company reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $98.96 million for the quarter. TSS had a net margin of 3.87% and a return on equity of 121.89%.

Insider Buying and Selling

In related news, SVP Kieran Brennan sold 10,000 shares of the company’s stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $13.07, for a total transaction of $130,700.00. Following the transaction, the senior vice president now owns 323,000 shares in the company, valued at $4,221,610. This represents a 3.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 18.94% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TSSI. Palisades Investment Partners LLC acquired a new position in TSS during the 4th quarter valued at about $2,997,000. Value Aligned Research Advisors LLC acquired a new position in TSS during the 4th quarter valued at about $2,231,000. Pacer Advisors Inc. acquired a new position in TSS during the 1st quarter valued at about $1,087,000. Geode Capital Management LLC acquired a new position in TSS during the 4th quarter valued at about $1,539,000. Finally, NewEdge Advisors LLC lifted its position in TSS by 536.7% during the 1st quarter. NewEdge Advisors LLC now owns 141,686 shares of the company’s stock valued at $1,112,000 after purchasing an additional 119,432 shares during the period.

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.