TSS (NASDAQ:TSSI) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of TSS (NASDAQ:TSSI) from a hold rating to a sell rating in a research report released on Sunday morning.

Other research analysts also recently issued reports about the company. Weiss Ratings restated 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 price objective for the company. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, TSS currently has an average rating of “Moderate Buy” and an average target price of $17.17.

TSS Trading Down 1.1%

Shares of TSS stock opened at $14.48 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.63 and a quick ratio of 1.41. TSS has a 1 year low of $6.50 and a 1 year high of $31.94. The company has a market capitalization of $402.11 million, a P/E ratio of 27.32 and a beta of 2.04. The business has a 50 day moving average price of $11.34 and a 200 day moving average price of $11.53.

TSS (NASDAQ:TSSI) last issued its quarterly earnings data 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. Sell-side analysts anticipate that TSS will post 0.27 EPS for the current fiscal year.

Insiders Place Their Bets

In other TSS news, CFO Daniel M. Chism sold 25,000 shares of the business’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $15.00, for a total value of $375,000.00. Following the completion of the transaction, the chief financial officer directly owned 338,215 shares in the company, valued at approximately $5,073,225. The trade was a 6.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Karl Todd Marrott sold 23,636 shares of the business’s stock in a transaction 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 completion of the transaction, the chief operating officer owned 251,287 shares of the company’s stock, valued at $3,796,946.57. This trade represents a 8.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 126,649 shares of company stock valued at $1,870,031. Insiders own 18.94% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System purchased a new stake in shares of TSS during the 2nd quarter valued at $33,000. Bank of America Corp DE purchased a new stake in shares of TSS during the 4th quarter valued at $40,000. BNP Paribas Financial Markets purchased a new stake in shares of TSS during the 2nd quarter valued at $45,000. Legal & General Group Plc purchased a new stake in shares of TSS during the 2nd quarter valued at $59,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of TSS by 81.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,129 shares of the company’s stock valued at $90,000 after buying an additional 1,401 shares during the period.

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.