Value Aligned Research Advisors LLC Sells 199,012 Shares of TSS Inc. $TSSI

Key Points

• Value Aligned Research Advisors cut its TSS stake by 43.2%, selling 199,012 shares and retaining 261,498 shares worth about $3.2 million.
• TSS reported quarterly EPS of $0.05, below the $0.08 consensus estimate, on revenue of $35.14 million. The stock opened at $8.43, well below its 52-week high of $21.77.
• Analyst sentiment remains moderately positive, with a consensus “Moderate Buy” rating and a $16.17 price target, although insiders—including a director and senior vice president—recently sold shares.

Value Aligned Research Advisors LLC lessened its holdings in shares of TSS Inc. (NASDAQ:TSSI - Free Report) by 43.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 261,498 shares of the company's stock after selling 199,012 shares during the quarter. Value Aligned Research Advisors LLC owned approximately 0.93% of TSS worth $3,216,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Triumph Capital Management acquired a new position in shares of TSS during the 2nd quarter worth $26,000. California State Teachers Retirement System acquired a new stake in shares of TSS in the 2nd quarter valued at $33,000. Bank of America Corp DE bought a new stake in TSS in the fourth quarter worth $40,000. BNP Paribas Financial Markets bought a new stake in TSS in the second quarter worth $45,000. Finally, Legal & General Group Plc acquired a new position in TSS during the second quarter worth $59,000.

TSS Stock Performance

NASDAQ:TSSI opened at $8.43 on Friday. The firm has a market capitalization of $237.89 million, a PE ratio of 17.56 and a beta of 2.09. TSS Inc. has a 1 year low of $6.87 and a 1 year high of $21.77. The company has a current ratio of 1.66, a quick ratio of 1.38 and a debt-to-equity ratio of 0.15. The firm's fifty day simple moving average is $10.61 and its 200 day simple moving average is $11.64.

TSS (NASDAQ:TSSI - Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.03). The firm had revenue of $35.14 million for the quarter. TSS had a net margin of 7.44% and a return on equity of 19.22%. On average, sell-side analysts anticipate that TSS Inc. will post 0.24 EPS for the current year.

Insider Activity at TSS

In related news, SVP Kieran Brennan sold 10,000 shares of the business's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $16.00, for a total transaction of $160,000.00. Following the transaction, the senior vice president owned 271,333 shares of the company's stock, valued at approximately $4,341,328. The trade was a 3.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Peter H. Woodward sold 100,000 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $15.48, for a total transaction of $1,548,000.00. Following the completion of the sale, the director directly owned 1,114,061 shares of the company's stock, valued at approximately $17,245,664.28. This trade represents a 8.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 15.97% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Weiss Ratings cut TSS from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, June 17th. Needham & Company LLC cut their price objective on TSS from $16.00 to $13.00 and set a "buy" rating on the stock in a research note on Friday, August 14th. Finally, Wall Street Zen upgraded TSS from a "strong sell" rating to a "sell" rating in a report on Saturday, August 15th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $16.17.

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. TSS Inc, formerly known as Fortress International Group, Inc, is based in Columbia, United States.

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