Stock Traders Purchase Large Volume of Call Options on TSS (NASDAQ:TSSI)

TSS Inc. (NASDAQ:TSSI - Get Free Report) was the target of some unusual options trading activity on Thursday. Investors bought 10,416 call options on the company. This is an increase of 213% compared to the typical daily volume of 3,323 call options.

Analyst Ratings Changes

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

Insider Activity

In related news, SVP Kieran Brennan sold 10,000 shares of the stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $13.07, for a total transaction of $130,700.00. Following the completion of the sale, the senior vice president now owns 323,000 shares in the company, valued at $4,221,610. This represents a 3.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 18.94% of the company's stock.

Hedge Funds Weigh In On TSS

Institutional investors have recently bought and sold shares of the company. New York State Common Retirement Fund acquired a new stake in shares of TSS in the 4th quarter worth $1,112,000. Wealthspire Advisors LLC purchased a new position in TSS during the fourth quarter worth about $120,000. Victory Capital Management Inc. purchased a new position in TSS during the fourth quarter worth about $123,000. Mesirow Financial Investment Management Inc. acquired a new stake in TSS in the fourth quarter valued at about $1,272,000. Finally, HighTower Advisors LLC purchased a new stake in TSS in the 4th quarter valued at approximately $203,000.

TSS Stock Performance

TSSI traded down $0.85 on Friday, hitting $30.25. 5,068,522 shares of the company traded hands, compared to its average volume of 2,896,292. TSS has a 12-month low of $2.11 and a 12-month high of $31.94. The company has a 50 day moving average of $14.62 and a 200-day moving average of $12.20. The company has a quick ratio of 0.56, a current ratio of 0.85 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $756.86 million, a PE ratio of 84.03 and a beta of 1.41.

TSS (NASDAQ:TSSI - Get Free Report) last released 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 for the quarter.

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.