UBS Group AG Purchases 206,600 Shares of TSS Inc. $TSSI

UBS Group AG raised its position in shares of TSS Inc. (NASDAQ:TSSI – Free Report) by 188.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 316,456 shares of the company’s stock after acquiring an additional 206,600 shares during the period. UBS Group AG owned approximately 1.10% of TSS worth $2,237,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE bought a new stake in shares of TSS in the fourth quarter valued at approximately $40,000. NewEdge Advisors LLC boosted its stake in shares of TSS by 536.7% in the first quarter. NewEdge Advisors LLC now owns 141,686 shares of the company’s stock valued at $1,112,000 after buying an additional 119,432 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of TSS by 40.0% in the first quarter. Goldman Sachs Group Inc. now owns 60,540 shares of the company’s stock valued at $475,000 after buying an additional 17,310 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of TSS in the second quarter valued at approximately $249,000. Finally, Legal & General Group Plc bought a new stake in shares of TSS in the second quarter valued at approximately $59,000.

Get TSS alerts:

Insider Activity

In other TSS news, CEO Darryll E. Dewan sold 50,000 shares of the business’s 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 $750,000.00. Following the completion of the transaction, the chief executive officer directly owned 554,471 shares in the company, valued at $8,317,065. The trade was a 8.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Kieran Brennan sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $12.27, for a total transaction of $147,240.00. Following the transaction, the senior vice president owned 279,137 shares of the company’s stock, valued at approximately $3,425,010.99. This represents a 4.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 176,649 shares of company stock valued at $2,670,031 in the last three months. Company insiders own 18.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Wall Street Zen cut TSS from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. Zacks Research upgraded TSS to a “hold” rating in a research note on Tuesday, February 17th. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 price target on shares of TSS in a research note on Friday, May 8th. Finally, Weiss Ratings cut TSS from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, TSS has a consensus rating of “Moderate Buy” and an average target price of $17.17.

Get Our Latest Stock Report on TSS

TSS Stock Down 3.4%

Shares of TSSI opened at $12.54 on Thursday. TSS Inc. has a one year low of $6.87 and a one year high of $31.94. The company has a market cap of $352.00 million, a P/E ratio of 25.59 and a beta of 2.04. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.18 and a quick ratio of 1.99. The firm has a 50 day simple moving average of $13.22 and a two-hundred day simple moving average of $10.74.

TSS (NASDAQ:TSSI – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.04 by $0.04. TSS had a net margin of 7.14% and a return on equity of 25.27%. The business had revenue of $55.35 million during the quarter. Research analysts forecast that TSS Inc. will post 0.32 EPS for the current fiscal year.

TSS Profile

(Free Report)

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.

Recommended Stories

• Five stocks we like better than TSS
• Abercrombie Rallies as Strong Q1 Earnings Extend Winning Streak
• TeraWulf Bets on Power Infrastructure to Lead AI Build-Out
• Amazon’s Alexa for Shopping Strengthens an Already Strong Bull Case
• Keysight: The AI and Defense Stock Seeing Big Price Target Boosts

Want to see what other hedge funds are holding TSSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TSS Inc. (NASDAQ:TSSI – Free Report).

Receive News & Ratings for TSS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TSS and related companies with MarketBeat.com's FREE daily email newsletter.