Victory Capital Management Inc. Purchases 43,067 Shares of TSS Inc. (NASDAQ:TSSI)

Key Points

• Victory Capital Management Inc. increased its holdings in TSS Inc. by 414.9% in the first quarter, now owning 53,447 shares valued at approximately $420,000.
• TSS Inc. reported a quarterly earnings per share of $0.12 and revenue of $98.96 million, with a net margin of 3.87% and a return on equity of 121.89%.
• The stock price of TSS has fluctuated between a twelve-month low of $2.12 and a high of $31.94, currently trading around $27.09.

Victory Capital Management Inc. lifted its stake in shares of TSS Inc. (NASDAQ:TSSI - Free Report) by 414.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 53,447 shares of the company's stock after acquiring an additional 43,067 shares during the quarter. Victory Capital Management Inc. owned about 0.22% of TSS worth $420,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in TSSI. O Shaughnessy Asset Management LLC acquired a new position in shares of TSS during the 4th quarter worth about $706,000. Geode Capital Management LLC acquired a new position in shares of TSS during the 4th quarter worth about $1,539,000. Wells Fargo & Company MN acquired a new position in shares of TSS during the 4th quarter worth about $114,000. Renaissance Technologies LLC acquired a new position in shares of TSS during the 4th quarter worth about $242,000. Finally, Advisory Services Network LLC acquired a new position in shares of TSS during the 4th quarter worth about $144,000.

Wall Street Analysts Forecast Growth

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

TSS Price Performance

Shares of TSSI traded down $0.44 during mid-day trading on Wednesday, reaching $28.53. The company had a trading volume of 2,621,875 shares, compared to its average volume of 1,945,198. TSS Inc. has a twelve month low of $2.12 and a twelve month high of $31.94. 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 company's 50-day moving average is $23.54 and its 200-day moving average is $14.90. The company has a market capitalization of $713.82 million, a P/E ratio of 79.25 and a beta of 1.67.

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

Insider Buying and Selling

In related news, SVP Kieran Brennan sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $13.50, for a total transaction of $67,500.00. Following the sale, the senior vice president directly owned 318,000 shares in the company, valued at $4,293,000. This represents a 1.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 18.94% of the stock is currently owned by company insiders.

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.