Insider Selling: TSS (NASDAQ:TSSI) SVP Sells $160,000.00 in Stock

TSS Inc. (NASDAQ:TSSI) SVP Kieran Brennan sold 10,000 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $16.00, for a total transaction of $160,000.00. Following the completion of the sale, the senior vice president owned 271,333 shares in the company, valued at $4,341,328. This represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Kieran Brennan also recently made the following trade(s):

• On Monday, March 16th, Kieran Brennan sold 12,000 shares of TSS stock. The shares were sold at an average price of $12.27, for a total transaction of $147,240.00.

TSS Price Performance

NASDAQ TSSI opened at $14.49 on Friday. The business has a 50 day simple moving average of $13.61 and a 200 day simple moving average of $10.74. TSS Inc. has a 52-week low of $6.87 and a 52-week high of $31.94. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.99 and a current ratio of 2.18. The stock has a market cap of $406.73 million, a price-to-earnings ratio of 29.57 and a beta of 1.99.

TSS (NASDAQ:TSSI) last posted its earnings results on Thursday, May 7th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. TSS had a return on equity of 25.27% and a net margin of 7.14%.The business had revenue of $55.35 million during the quarter. Analysts anticipate that TSS Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

TSSI has been the subject of a number of research reports. Weiss Ratings raised TSS from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Needham & Company LLC reissued a “buy” rating and set a $16.00 target price on shares of TSS in a research note on Friday, May 8th. Zacks Research raised TSS to a “hold” rating in a research note on Tuesday, February 17th. Finally, Wall Street Zen cut TSS from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, TSS has an average rating of “Moderate Buy” and an average price target of $17.17.

Hedge Funds Weigh In On TSS

Hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System bought a new position in shares of TSS during the 2nd quarter worth approximately $33,000. Bank of America Corp DE bought a new position in shares of TSS during the 4th quarter worth approximately $40,000. BNP Paribas Financial Markets bought a new position in shares of TSS during the 2nd quarter worth approximately $45,000. Legal & General Group Plc bought a new position in shares of TSS during the 2nd quarter worth approximately $59,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of TSS by 81.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,129 shares of the company’s stock worth $90,000 after acquiring an additional 1,401 shares in the last quarter.

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.