65,870 Shares in TSS Inc. (NASDAQ:TSSI) Acquired by XTX Topco Ltd

XTX Topco Ltd bought a new position in shares of TSS Inc. (NASDAQ:TSSI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 65,870 shares of the company's stock, valued at approximately $517,000. XTX Topco Ltd owned approximately 0.26% of TSS at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE purchased a new position in shares of TSS in the fourth quarter valued at approximately $40,000. Tower Research Capital LLC TRC acquired a new stake in TSS during the 4th quarter worth approximately $42,000. Wells Fargo & Company MN purchased a new position in TSS in the 4th quarter valued at approximately $114,000. Lazard Asset Management LLC acquired a new position in shares of TSS in the fourth quarter worth $114,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of TSS in the first quarter worth $122,000.

Analyst Ratings Changes

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

TSS Stock Down 23.1%

TSSI stock traded down $6.64 during mid-day trading on Thursday, reaching $22.11. The company had a trading volume of 6,976,837 shares, compared to its average volume of 2,817,759. The firm has a fifty day simple moving average of $23.86 and a 200 day simple moving average of $15.00. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.56 and a current ratio of 0.85. The company has a market capitalization of $553.19 million, a price-to-earnings ratio of 61.42 and a beta of 1.67. 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 released its earnings results on Wednesday, August 6th. The company reported $0.06 earnings per share for the quarter. TSS had a net margin of 3.43% and a return on equity of 111.91%. The firm had revenue of $43.97 million for the quarter.

Insider Buying and Selling at TSS

In other news, SVP Kieran Brennan sold 5,000 shares of TSS stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $13.50, for a total transaction of $67,500.00. Following the completion of the sale, the senior vice president directly owned 318,000 shares of the company's stock, valued at approximately $4,293,000. The trade was a 1.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.