TSS (NASDAQ:TSSI) Coverage Initiated by Analysts at Singular Research

Singular Research started coverage on shares of TSS (NASDAQ:TSSI) in a research note released on Tuesday morning, MarketBeat.com reports. The firm issued a buy rating and a $20.50 target price on the stock.

Separately, Wall Street Zen downgraded shares of TSS from a “buy” rating to a “hold” rating in a report on Monday, June 23rd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $20.50.

TSS Stock Down 10.0%

TSSI opened at $14.40 on Tuesday. TSS has a twelve month low of $5.04 and a twelve month high of $31.94. The company has a quick ratio of 0.65, a current ratio of 0.81 and a debt-to-equity ratio of 2.05. The company has a 50-day moving average price of $19.62 and a 200 day moving average price of $15.38. The company has a market cap of $365.18 million, a PE ratio of 40.00 and a beta of 1.77.

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

Insider Activity at TSS

In other news, COO Karl Todd Marrott sold 23,908 shares of the firm’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $16.16, for a total value of $386,353.28. Following the sale, the chief operating officer directly owned 306,675 shares in the company, valued at approximately $4,955,868. This trade represents a 7.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Daniel M. Chism sold 15,000 shares of the firm’s stock in a transaction on Wednesday, September 10th. The shares were 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 owned 296,219 shares in the company, valued at $4,789,861.23. The trade was a 4.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 67,925 shares of company stock valued at $1,099,233 in the last three months. 18.94% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TSS

A number of hedge funds and other institutional investors have recently modified their holdings of TSSI. California State Teachers Retirement System acquired a new stake in shares of TSS in the 2nd quarter valued at $33,000. Bank of America Corp DE purchased a new stake in TSS in the fourth quarter valued at $40,000. BNP Paribas Financial Markets purchased a new stake in TSS in the second quarter valued at $45,000. Ameritas Investment Partners Inc. purchased a new stake in TSS in the second quarter valued at $54,000. Finally, Legal & General Group Plc purchased a new stake in TSS in the second quarter valued at $59,000.

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.