TSS’s (TSSI) “Hold (C+)” Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their hold (c+) rating on shares of TSS (NASDAQ:TSSI) in a report released on Friday morning,Weiss Ratings reports.

Separately, Singular Research started coverage on TSS in a research report on Tuesday, September 16th. They set a “buy” rating and a $20.50 target price on the stock. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $20.50.

TSS Price Performance

NASDAQ:TSSI opened at $18.23 on Friday. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.81 and a quick ratio of 0.65. The company has a 50 day moving average price of $16.42 and a 200-day moving average price of $17.23. TSS has a 1-year low of $5.63 and a 1-year high of $31.94. The firm has a market cap of $462.31 million, a price-to-earnings ratio of 50.64 and a beta of 1.73.

TSS (NASDAQ:TSSI) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.06 EPS for the quarter. TSS had a net margin of 3.43% and a return on equity of 107.01%. The company had revenue of $43.97 million for the quarter.

Insider Transactions at TSS

In other TSS news, CFO Daniel M. Chism sold 15,000 shares of the business’s stock in a transaction that occurred 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 sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Karl Todd Marrott sold 11,100 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $16.17, for a total value of $179,487.00. Following the transaction, the chief operating officer directly owned 295,575 shares of the company’s stock, valued at $4,779,447.75. The trade was a 3.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 67,925 shares of company stock valued at $1,099,233 in the last three months. Corporate insiders own 18.94% of the company’s stock.

Institutional Trading of TSS

Large investors have recently bought and sold shares of the business. California State Teachers Retirement System acquired a new stake in shares of TSS during the 2nd quarter worth approximately $33,000. BNP Paribas Financial Markets purchased a new position in TSS in the second quarter valued at $45,000. Ameritas Investment Partners Inc. purchased a new position in shares of TSS in the 2nd quarter valued at about $54,000. Legal & General Group Plc acquired a new position in TSS during the 2nd quarter worth approximately $59,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of TSS by 81.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,129 shares of the company’s stock worth $90,000 after purchasing an additional 1,401 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.