Kieran Brennan Sells 12,000 Shares of TSS (NASDAQ:TSSI) Stock

Key Points

• SVP Kieran Brennan sold 12,000 TSSI shares on March 16 at an average price of $12.27 for a total of $147,240, trimming his stake by 4.12% to 279,137 shares valued at roughly $3.43 million.
• TSSI shares traded down 3.3% to $11.72 on Tuesday with about 1.24 million shares changing hands; the company has a $338 million market cap, a 52-week range of $5.63–$31.94, a 50-day SMA of $9.72 and a 200-day SMA of $12.05.
• TSS reported quarterly EPS of $0.41 on $60.91 million in revenue with a 55.11% ROE, and analysts have an average rating of Hold with a $17.75 average price target.

TSS Inc. (NASDAQ:TSSI - Get Free Report) SVP Kieran Brennan sold 12,000 shares of the business's stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $12.27, for a total transaction of $147,240.00. Following the transaction, the senior vice president owned 279,137 shares of the company's stock, valued at approximately $3,425,010.99. This trade represents a 4.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

TSS Stock Down 3.3%

TSSI traded down $0.40 during trading on Tuesday, hitting $11.72. The stock had a trading volume of 1,240,338 shares, compared to its average volume of 1,467,479. The company has a market capitalization of $338.00 million, a PE ratio of 22.11 and a beta of 2.12. TSS Inc. has a twelve month low of $5.63 and a twelve month high of $31.94. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.35 and a current ratio of 1.52. The stock has a 50 day simple moving average of $9.72 and a two-hundred day simple moving average of $12.05.

TSS (NASDAQ:TSSI - Get Free Report) last issued its quarterly earnings results on Wednesday, March 11th. The company reported $0.41 earnings per share (EPS) for the quarter. TSS had a return on equity of 55.11% and a net margin of 6.16%.The business had revenue of $60.91 million for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. California State Teachers Retirement System purchased a new position in shares of TSS in the second quarter worth about $33,000. Osaic Holdings Inc. increased its holdings in TSS by 17.6% in the 2nd quarter. Osaic Holdings Inc. now owns 9,193 shares of the company's stock worth $265,000 after buying an additional 1,375 shares during the period. Tower Research Capital LLC TRC increased its holdings in TSS by 81.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,129 shares of the company's stock worth $90,000 after buying an additional 1,401 shares during the period. BNP Paribas Financial Markets purchased a new position in TSS during the 2nd quarter worth approximately $45,000. Finally, Creative Financial Designs Inc. ADV raised its position in TSS by 5.1% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 35,250 shares of the company's stock worth $638,000 after buying an additional 1,700 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TSSI. Loop Capital set a $15.00 price target on TSS in a research note on Monday, December 1st. Weiss Ratings reiterated a "hold (c-)" rating on shares of TSS in a research note on Monday, December 29th. Finally, Zacks Research raised shares of TSS to a "hold" rating in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, TSS currently has an average rating of "Hold" and an average target price of $17.75.

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

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