Goldman Sachs Group Inc. Acquires 17,310 Shares of TSS Inc. $TSSI

Key Points

• Goldman Sachs Group Inc. increased its holdings in TSS Inc. by 40%, acquiring an additional 17,310 shares to own 60,540 shares worth approximately $475,000.
• Several large investors, including Pacer Advisors Inc. and Victory Capital Management Inc., also increased their stakes in TSS during the first quarter, showcasing significant institutional interest.
• Despite recent increases in investor holdings, Wall Street Zen downgraded TSS from a "buy" to a "hold" rating, while one analyst set a target price of $20.50 for the stock.

Goldman Sachs Group Inc. boosted its holdings in TSS Inc. (NASDAQ:TSSI - Free Report) by 40.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,540 shares of the company's stock after purchasing an additional 17,310 shares during the period. Goldman Sachs Group Inc. owned approximately 0.24% of TSS worth $475,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of TSSI. Pacer Advisors Inc. purchased a new position in shares of TSS in the first quarter worth about $1,087,000. NewEdge Advisors LLC grew its position in TSS by 536.7% during the 1st quarter. NewEdge Advisors LLC now owns 141,686 shares of the company's stock worth $1,112,000 after acquiring an additional 119,432 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of TSS during the first quarter valued at approximately $517,000. Value Aligned Research Advisors LLC boosted its stake in shares of TSS by 34.0% during the first quarter. Value Aligned Research Advisors LLC now owns 252,128 shares of the company's stock valued at $1,979,000 after purchasing an additional 63,982 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of TSS by 414.9% during the first quarter. Victory Capital Management Inc. now owns 53,447 shares of the company's stock valued at $420,000 after purchasing an additional 43,067 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TSSI shares. Wall Street Zen lowered shares of TSS from a "buy" rating to a "hold" rating in a report on Monday, June 23rd. Singular Research started coverage on TSS in a research note on Tuesday, September 16th. They issued a "buy" rating and a $20.50 target price on the stock. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $20.50.

Insider Activity

In other TSS news, COO Karl Todd Marrott sold 23,908 shares of the company's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $16.16, for a total value of $386,353.28. Following the sale, the chief operating officer owned 306,675 shares in the company, valued at approximately $4,955,868. This represents a 7.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Daniel M. Chism sold 15,000 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $16.17, for a total value of $242,550.00. Following the completion of the sale, the chief financial officer directly owned 296,219 shares in the company, valued at approximately $4,789,861.23. This represents a 4.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 67,925 shares of company stock valued at $1,099,233. 18.94% of the stock is owned by company insiders.

TSS Stock Up 0.9%

TSSI stock opened at $17.66 on Friday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.81. The company has a market capitalization of $447.86 million, a price-to-earnings ratio of 49.06 and a beta of 1.77. The business's 50 day moving average price is $18.81 and its two-hundred day moving average price is $15.76. TSS Inc. has a fifty-two week low of $5.04 and a fifty-two week high of $31.94.

TSS (NASDAQ:TSSI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.06 EPS for the quarter. The business had revenue of $43.97 million during the quarter. TSS had a return on equity of 107.01% and a net margin of 3.43%.

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.

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