Northern Trust Corp Acquires New Stake in TSS, Inc. (NASDAQ:TSSI)

Northern Trust Corp bought a new stake in TSS, Inc. (NASDAQ:TSSI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 27,308 shares of the company's stock, valued at approximately $324,000. Northern Trust Corp owned about 0.11% of TSS as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Value Aligned Research Advisors LLC bought a new stake in shares of TSS during the fourth quarter worth approximately $2,231,000. Geode Capital Management LLC acquired a new position in TSS during the fourth quarter valued at approximately $1,539,000. Mesirow Financial Investment Management Inc. acquired a new position in shares of TSS during the fourth quarter worth $1,272,000. New York State Common Retirement Fund acquired a new position in shares of TSS during the fourth quarter worth $1,112,000. Finally, Boothbay Fund Management LLC acquired a new stake in TSS in the fourth quarter valued at $1,031,000.

Insiders Place Their Bets

In other TSS news, SVP Kieran Brennan sold 5,000 shares of TSS stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $13.50, for a total transaction of $67,500.00. Following the transaction, the senior vice president now owns 318,000 shares of the company's stock, valued at $4,293,000. This trade represents a 1.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 18.94% of the company's stock.

TSS Price Performance

Shares of TSSI stock traded down $0.23 on Thursday, reaching $16.94. 3,088,031 shares of the company were exchanged, compared to its average volume of 1,611,994. The company has a market cap of $423.84 million, a price-to-earnings ratio of 94.12 and a beta of 1.40. The company has a 50-day moving average of $9.09 and a 200-day moving average of $10.50. TSS, Inc. has a one year low of $1.75 and a one year high of $18.48.

TSS (NASDAQ:TSSI - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The company reported $0.12 earnings per share for the quarter. TSS had a net margin of 3.59% and a return on equity of 87.89%. The business had revenue of $98.96 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded TSS from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd.

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.