D.A. Davidson & CO. Has $170,000 Position in TSS Inc. (NASDAQ:TSSI)

D.A. Davidson & CO. reduced its position in shares of TSS Inc. (NASDAQ:TSSI - Free Report) by 69.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,620 shares of the company's stock after selling 50,021 shares during the period. D.A. Davidson & CO. owned about 0.09% of TSS worth $170,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC acquired a new position in shares of TSS during the first quarter worth about $122,000. Northern Trust Corp bought a new stake in TSS during the fourth quarter worth about $324,000. Ritholtz Wealth Management bought a new stake in TSS during the first quarter worth about $247,000. Wells Fargo & Company MN bought a new stake in TSS during the fourth quarter worth about $114,000. Finally, Rockefeller Capital Management L.P. bought a new stake in TSS during the fourth quarter worth about $552,000.

Insider Transactions at TSS

In other news, SVP Kieran Brennan sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $13.50, for a total value of $67,500.00. Following the transaction, the senior vice president owned 318,000 shares of the company's stock, valued at approximately $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 corporate insiders.

TSS Price Performance

NASDAQ:TSSI opened at $20.50 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.85 and a debt-to-equity ratio of 0.87. The stock's 50 day moving average price is $18.44 and its two-hundred day moving average price is $13.35. The firm has a market capitalization of $512.91 million, a price-to-earnings ratio of 56.95 and a beta of 1.66. TSS Inc. has a 12-month low of $2.12 and a 12-month high of $31.94.

TSS (NASDAQ:TSSI - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The company reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $98.96 million for the quarter. TSS had a return on equity of 121.89% and a net margin of 3.87%.

Analyst Ratings Changes

Separately, Wall Street Zen lowered TSS from a "buy" rating to a "hold" rating in a research note on Monday, June 23rd.

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.

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