Darryll Dewan Sells 50,000 Shares of TSS (NASDAQ:TSSI) Stock

Key Points

• CEO Darryll Dewan sold 50,000 shares of TSS on April 22 at an average price of $16, netting $800,000 and cutting his stake by 9.02% to 504,471 shares.
• TSS shares traded at $15.75 mid‑day, with a market cap of $437.38 million, a P/E of 29.72, and a one‑year range of $6.50 to $31.94 (50‑ and 200‑day moving averages ~ $11.6).
• The company reported $0.41 EPS for the most recent quarter, and analysts carry an average rating of "Moderate Buy" with a consensus target price of $17.17.

TSS Inc. (NASDAQ:TSSI - Get Free Report) CEO Darryll Dewan sold 50,000 shares of TSS stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $16.00, for a total value of $800,000.00. Following the sale, the chief executive officer directly owned 504,471 shares in the company, valued at $8,071,536. The trade was a 9.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

TSS Stock Performance

TSS stock traded down $0.05 during mid-day trading on Friday, hitting $15.75. 1,342,123 shares of the company's stock traded hands, compared to its average volume of 1,545,492. The firm has a 50 day moving average price of $11.66 and a 200 day moving average price of $11.59. The company has a quick ratio of 1.41, a current ratio of 1.63 and a debt-to-equity ratio of 0.18. The company has a market cap of $437.38 million, a PE ratio of 29.72 and a beta of 2.04. TSS Inc. has a one year low of $6.50 and a one year high of $31.94.

TSS (NASDAQ:TSSI - Get Free Report) last posted its quarterly earnings data on Wednesday, March 11th. The company reported $0.41 EPS for the quarter. TSS had a return on equity of 38.06% and a net margin of 6.16%.The company had revenue of $60.91 million for the quarter. On average, equities analysts forecast that TSS Inc. will post 0.27 EPS for the current year.

Analyst Upgrades and Downgrades

TSSI has been the topic of a number of research reports. Needham & Company LLC initiated coverage on TSS in a research note on Monday, March 30th. They issued a "buy" rating and a $16.00 price objective on the stock. Wall Street Zen downgraded TSS from a "hold" rating to a "sell" rating in a research note on Sunday, April 19th. Weiss Ratings reissued a "hold (c-)" rating on shares of TSS in a research note on Monday, December 29th. Finally, Zacks Research raised TSS to a "hold" rating in a research note 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 data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $17.17.

Institutional Investors Weigh In On TSS

Institutional investors and hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System acquired a new stake in shares of TSS during the second quarter worth $33,000. BNP Paribas Financial Markets acquired a new stake in shares of TSS during the second quarter worth $45,000. Legal & General Group Plc acquired a new stake in shares of TSS during the second quarter worth $59,000. Tower Research Capital LLC TRC raised its position in shares of TSS by 81.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,129 shares of the company's stock worth $90,000 after purchasing an additional 1,401 shares during the period. Finally, Bank of America Corp DE acquired a new stake in shares of TSS during the fourth quarter worth $40,000.

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.

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