Traders Buy Large Volume of Call Options on TSS (NASDAQ:TSSI)

TSS Inc. (NASDAQ:TSSI) was the recipient of some unusual options trading on Thursday. Investors acquired 10,416 call options on the stock. This is an increase of 213% compared to the typical volume of 3,323 call options.

TSS Trading Up 14.5%

TSS stock opened at $31.10 on Friday. TSS has a 1 year low of $2.03 and a 1 year high of $31.94. The firm’s 50-day moving average is $14.16 and its 200-day moving average is $12.03. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.56 and a current ratio of 0.85. The company has a market cap of $778.12 million, a P/E ratio of 86.39 and a beta of 1.41.

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

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of TSS from a “buy” rating to a “hold” rating in a report on Monday.

Insider Activity at TSS

In other news, SVP Kieran Brennan sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $13.50, for a total value of $67,500.00. Following the completion of the sale, the senior vice president now directly owns 318,000 shares in the company, valued at approximately $4,293,000. The trade was a 1.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 18.94% of the stock is owned by corporate insiders.

Institutional Trading of TSS

Institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its position in TSS by 40.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 60,540 shares of the company’s stock valued at $475,000 after purchasing an additional 17,310 shares during the period. NewEdge Advisors LLC lifted its stake in 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 last quarter. Value Aligned Research Advisors LLC boosted its holdings in shares of TSS by 34.0% during the first quarter. Value Aligned Research Advisors LLC now owns 252,128 shares of the company’s stock valued at $1,979,000 after acquiring an additional 63,982 shares during the period. Pinnacle Wealth Planning Services Inc. bought a new position in shares of TSS during the first quarter worth about $143,000. Finally, State of Wyoming bought a new position in shares of TSS during the first quarter worth about $77,000.

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.