D.A. Davidson & CO. lowered its position in shares of TSS Inc. (NASDAQ:TSSI - Free Report) by 69.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 21,620 shares of the company's stock after selling 50,021 shares during the period. D.A. Davidson & CO. owned 0.09% of TSS worth $170,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Palisades Investment Partners LLC acquired a new stake in TSS in the 4th quarter valued at about $2,997,000. Value Aligned Research Advisors LLC acquired a new stake in TSS in the 4th quarter valued at about $2,231,000. Geode Capital Management LLC acquired a new stake in TSS in the 4th quarter valued at about $1,539,000. Boothbay Fund Management LLC acquired a new stake in TSS in the 4th quarter valued at about $1,031,000. Finally, JT Stratford LLC acquired a new stake in TSS in the 4th quarter valued at about $777,000.
TSS Trading Up 7.5%
TSSI stock traded up $1.54 during mid-day trading on Wednesday, reaching $22.12. 1,567,248 shares of the stock traded hands, compared to its average volume of 1,849,858. The company has a current ratio of 0.85, a quick ratio of 0.56 and a debt-to-equity ratio of 0.87. TSS Inc. has a 52-week low of $2.12 and a 52-week high of $31.94. The company has a market cap of $553.44 million, a P/E ratio of 61.45 and a beta of 1.66. The stock's fifty day moving average is $19.00 and its 200-day moving average is $13.47.
TSS (NASDAQ:TSSI - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The company reported $0.12 EPS for the quarter. TSS had a net margin of 3.87% and a return on equity of 121.89%. The company had revenue of $98.96 million during the quarter.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded shares of TSS from a "buy" rating to a "hold" rating in a report on Monday, June 23rd.
Read Our Latest Stock Analysis on TSS
Insider Activity
In other news, SVP Kieran Brennan sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $13.50, for a total value of $67,500.00. Following the completion of the sale, the senior vice president directly owned 318,000 shares of the company's stock, valued at $4,293,000. This represents a 1.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 18.94% of the stock is owned by company insiders.
About TSS
(
Free Report)
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.
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