Pacer Advisors Inc. Buys Shares of 138,480 TSS Inc. (NASDAQ:TSSI)

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. bought a new stake in TSS Inc. (NASDAQ:TSSI - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund bought 138,480 shares of the company's stock, valued at approximately $1,087,000. Pacer Advisors Inc. owned 0.55% of TSS at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in TSSI. Bank of America Corp DE acquired a new position in TSS during the fourth quarter worth $40,000. Tower Research Capital LLC TRC acquired a new position in TSS during the fourth quarter worth $42,000. Wells Fargo & Company MN acquired a new position in TSS during the fourth quarter worth $114,000. Lazard Asset Management LLC purchased a new stake in shares of TSS during the fourth quarter worth $114,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of TSS during the first quarter worth $122,000.

Insider Activity

In related news, SVP Kieran Brennan sold 5,000 shares of the company's stock in a transaction dated 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 18.94% of the company's stock.

TSS Price Performance

Shares of TSS stock traded up $2.46 during trading hours on Monday, reaching $29.55. 1,760,921 shares of the company's stock were exchanged, compared to its average volume of 1,929,161. TSS Inc. has a 1 year low of $2.12 and a 1 year high of $31.94. The company has a market capitalization of $739.34 million, a P/E ratio of 82.09 and a beta of 1.67. The business has a fifty day moving average of $22.90 and a two-hundred day moving average of $14.68. The company has a quick ratio of 0.56, a current ratio of 0.85 and a debt-to-equity ratio of 0.87.

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

Wall Street Analyst Weigh In

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

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.