Insider Selling: TSS (NASDAQ:TSSI) CFO Sells 25,000 Shares of Stock

TSS Inc. (NASDAQ:TSSI) CFO Daniel Chism sold 25,000 shares of the stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $15.00, for a total transaction of $375,000.00. Following the completion of the sale, the chief financial officer directly owned 338,215 shares of the company’s stock, valued at $5,073,225. This trade represents a 6.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

TSS Stock Up 5.5%

NASDAQ:TSSI traded up $0.78 during trading hours on Thursday, hitting $14.97. The stock had a trading volume of 1,881,625 shares, compared to its average volume of 1,529,286. 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 Inc. has a 1-year low of $6.50 and a 1-year high of $31.94. The business has a 50 day simple moving average of $10.85 and a two-hundred day simple moving average of $11.68. The company has a market cap of $415.72 million, a PE ratio of 28.25 and a beta of 2.04.

TSS (NASDAQ:TSSI) last released its earnings results on Wednesday, March 11th. The company reported $0.41 EPS for the quarter. The company had revenue of $60.91 million during the quarter. TSS had a return on equity of 38.06% and a net margin of 6.16%.

Hedge Funds Weigh In On TSS

Large investors have recently added to or reduced their stakes in the company. Value Aligned Research Advisors LLC lifted its stake in TSS by 22.1% during the third quarter. Value Aligned Research Advisors LLC now owns 431,263 shares of the company’s stock worth $7,810,000 after purchasing an additional 78,114 shares during the last quarter. Precision Wealth Strategies LLC bought a new position in TSS during the third quarter worth $1,547,000. Squarepoint Ops LLC lifted its stake in TSS by 16.2% during the second quarter. Squarepoint Ops LLC now owns 19,327 shares of the company’s stock worth $557,000 after purchasing an additional 2,701 shares during the last quarter. Cantor Fitzgerald L. P. bought a new position in TSS during the third quarter worth $421,000. Finally, Marathon Trading Investment Management LLC bought a new position in TSS during the third quarter worth $661,000.

Wall Street Analyst Weigh In

TSSI has been the subject of several research analyst reports. Zacks Research upgraded TSS to a “hold” rating in a research note on Tuesday, February 17th. Needham & Company LLC initiated coverage on TSS in a research note on Monday, March 30th. They set a “buy” rating and a $16.00 target price for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of TSS in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded TSS from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $17.17.

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.