138,480 Shares in TSS Inc. (NASDAQ:TSSI) Purchased by Pacer Advisors Inc.

Key Points

• Pacer Advisors Inc. has acquired 138,480 shares of TSS Inc. (NASDAQ:TSSI) valued at approximately $1,087,000, representing about 0.55% of TSS as of their latest SEC filing.
• Several institutional investors, including Bank of America and Wells Fargo, have recently established new positions in TSS, indicating growing institutional interest.
• Wall Street analysts have downgraded TSS from a "buy" to a "hold" rating, suggesting a more cautious outlook on the stock's performance.

Pacer Advisors Inc. purchased a new stake in TSS Inc. (NASDAQ:TSSI - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 138,480 shares of the company's stock, valued at approximately $1,087,000. Pacer Advisors Inc. owned 0.55% of TSS as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Palisades Investment Partners LLC boosted its holdings in TSS by 2.0% during the first quarter. Palisades Investment Partners LLC now owns 257,865 shares of the company's stock worth $2,024,000 after purchasing an additional 5,142 shares during the last quarter. Value Aligned Research Advisors LLC acquired a new stake in TSS in the fourth quarter valued at $2,231,000. Geode Capital Management LLC acquired a new stake in TSS in the fourth quarter valued at $1,539,000. Boothbay Fund Management LLC acquired a new stake in TSS in the fourth quarter valued at $1,031,000. Finally, Huntleigh Advisors Inc. lifted its stake in TSS by 9.8% in the first quarter. Huntleigh Advisors Inc. now owns 81,999 shares of the company's stock valued at $644,000 after acquiring an additional 7,319 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at TSS

In other news, SVP Kieran Brennan sold 10,000 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $13.07, for a total value of $130,700.00. Following the transaction, the senior vice president directly owned 323,000 shares of the company's stock, valued at $4,221,610. This represents a 3.00% 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. 18.94% of the stock is owned by insiders.

TSS Stock Performance

TSSI stock traded down $0.11 during trading hours on Friday, reaching $27.09. The stock had a trading volume of 2,829,454 shares, compared to its average volume of 2,551,236. The stock has a market capitalization of $677.79 million, a PE ratio of 75.25 and a beta of 1.67. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.85 and a quick ratio of 0.56. The stock has a 50-day simple moving average of $22.90 and a 200 day simple moving average of $14.64. TSS Inc. has a fifty-two week low of $2.12 and a fifty-two week high of $31.94.

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

TSS 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.