TSS (NASDAQ:TSSI) CEO Sells $800,000.00 in Stock

TSS Inc. (NASDAQ:TSSI) CEO Darryll Dewan sold 50,000 shares of the stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $16.00, for a total transaction of $800,000.00. Following the completion of the sale, the chief executive officer owned 504,471 shares of the company’s stock, valued at approximately $8,071,536. The trade was a 9.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

TSS Price Performance

NASDAQ TSSI opened at $15.75 on Monday. 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 has a 50-day simple moving average of $11.81 and a 200 day simple moving average of $11.46. TSS Inc. has a twelve month low of $6.50 and a twelve month high of $31.94. The stock has a market cap of $454.55 million, a PE ratio of 29.72 and a beta of 2.04.

TSS (NASDAQ:TSSI) last released its earnings results on Wednesday, March 11th. The company reported $0.41 earnings per share for the quarter. TSS had a net margin of 6.16% and a return on equity of 38.06%. The business had revenue of $60.91 million during the quarter. On average, research analysts forecast that TSS Inc. will post 0.27 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on TSSI shares. Needham & Company LLC started coverage on shares of TSS in a research report on Monday, March 30th. They issued a “buy” rating and a $16.00 price target for the company. Wall Street Zen lowered shares of TSS from a “hold” rating to a “sell” rating in a research report on Sunday, April 19th. Weiss Ratings reissued a “hold (c-)” rating on shares of TSS in a research report on Monday, December 29th. Finally, Zacks Research raised shares of TSS to a “hold” rating in a research report on Tuesday, February 17th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.17.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TSSI. Millennium Management LLC raised its position in TSS by 81.9% in the fourth quarter. Millennium Management LLC now owns 865,350 shares of the company’s stock worth $6,118,000 after purchasing an additional 389,497 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of TSS during the second quarter worth approximately $8,862,000. Vanguard Group Inc. increased its holdings in shares of TSS by 31.2% during the third 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 in the last quarter. UBS Group AG increased its holdings 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 buying an additional 206,600 shares in the last quarter. Finally, Arosa Capital Management LP acquired a new stake in shares of TSS during the fourth quarter worth approximately $1,414,000.

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. TSS Inc, formerly known as Fortress International Group, Inc, is based in Columbia, United States.