18,200 Shares in TSS Inc. $TSSI Acquired by Pinnacle Wealth Planning Services Inc.

Key Points

• Pinnacle Wealth Planning Services Inc. acquired 18,200 shares of TSS Inc., worth approximately $143,000, representing 0.07% of the company according to its latest SEC filing.
• Other institutional investors, including Wealth Enhancement Advisory Services and Northern Trust Corp, also established new stakes in TSS during the first and fourth quarters of the year.
• TSS was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating, impacting investor sentiment ahead of its financial performance reporting.

Pinnacle Wealth Planning Services Inc. purchased a new stake in TSS Inc. (NASDAQ:TSSI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 18,200 shares of the company's stock, valued at approximately $143,000. Pinnacle Wealth Planning Services Inc. owned 0.07% of TSS at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. State of Wyoming acquired a new stake in shares of TSS in the first quarter valued at approximately $77,000. OMERS ADMINISTRATION Corp increased its stake in shares of TSS by 34.1% in the first quarter. OMERS ADMINISTRATION Corp now owns 35,400 shares of the company's stock valued at $278,000 after purchasing an additional 9,000 shares during the period. JT Stratford LLC increased its stake in shares of TSS by 8.8% in the first quarter. JT Stratford LLC now owns 71,321 shares of the company's stock valued at $560,000 after purchasing an additional 5,776 shares during the period. XTX Topco Ltd acquired a new stake in shares of TSS in the first quarter valued at approximately $517,000. Finally, Pacer Advisors Inc. acquired a new stake in shares of TSS in the first quarter valued at approximately $1,087,000.

TSS Price Performance

Shares of NASDAQ TSSI traded up $0.77 during mid-day trading on Friday, reaching $13.71. 2,655,046 shares of the company traded hands, compared to its average volume of 3,030,768. TSS Inc. has a fifty-two week low of $4.61 and a fifty-two week high of $31.94. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.81 and a quick ratio of 0.65. The firm has a market cap of $347.69 million, a PE ratio of 38.08 and a beta of 1.77. The stock has a fifty day simple moving average of $21.42 and a 200-day simple moving average of $15.22.

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other TSS news, CFO Daniel M. Chism sold 10,000 shares of TSS stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $16.25, for a total value of $162,500.00. Following the transaction, the chief financial officer owned 316,219 shares in the company, valued at approximately $5,138,558.75. The trade was a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Karl Todd Marrott sold 23,908 shares of TSS stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $16.16, for a total transaction of $386,353.28. Following the completion of the transaction, the chief operating officer owned 306,675 shares in the company, valued at approximately $4,955,868. This trade represents a 7.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,825 shares of company stock worth $677,196 in the last quarter. Company insiders own 18.94% of the company's stock.

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.