TSS (NASDAQ:TSSI) Now Covered by Analysts at Needham & Company LLC

Needham & Company LLC initiated coverage on shares of TSS (NASDAQ:TSSI) in a report issued on Monday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $16.00 target price on the stock.

Several other research firms have also weighed in on TSSI. Loop Capital set a $15.00 price objective on TSS in a research report on Monday, December 1st. Weiss Ratings restated a “hold (c-)” rating on shares of TSS in a research report on Monday, December 29th. Finally, Zacks Research raised TSS to a “hold” rating in a research note on Tuesday, February 17th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.17.

TSS Trading Up 1.0%

NASDAQ:TSSI opened at $11.82 on Monday. TSS has a 52 week low of $5.63 and a 52 week high of $31.94. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.41 and a current ratio of 1.63. The firm’s fifty day moving average is $10.13 and its 200-day moving average is $11.91. The firm has a market cap of $328.24 million, a P/E ratio of 22.30 and a beta of 2.12.

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

Insiders Place Their Bets

In other news, SVP Kieran Brennan sold 12,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $3,425,010.99. This represents a 4.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 18.94% of the company’s stock.

Institutional Trading of TSS

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in TSS by 31.2% during the 3rd quarter. Vanguard Group Inc. now owns 1,240,958 shares of the company’s stock worth $22,474,000 after buying an additional 294,971 shares during the period. Millennium Management LLC grew its stake in TSS by 81.9% in the fourth quarter. Millennium Management LLC now owns 865,350 shares of the company’s stock valued at $6,118,000 after acquiring an additional 389,497 shares during the period. Geode Capital Management LLC increased its holdings in shares of TSS by 8.3% during the fourth quarter. Geode Capital Management LLC now owns 539,359 shares of the company’s stock valued at $3,814,000 after acquiring an additional 41,536 shares in the last quarter. Value Aligned Research Advisors LLC increased its holdings in shares of TSS by 6.8% during the fourth quarter. Value Aligned Research Advisors LLC now owns 460,510 shares of the company’s stock valued at $3,256,000 after acquiring an additional 29,247 shares in the last quarter. Finally, UBS Group AG raised its position in shares of TSS by 188.1% during the fourth quarter. UBS Group AG now owns 316,456 shares of the company’s stock worth $2,237,000 after purchasing an additional 206,600 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.