Daniel M. Chism Sells 15,000 Shares of TSS (NASDAQ:TSSI) Stock

Key Points

• TSS Inc. CFO Daniel Chism sold 15,000 shares at an average price of $16.17, totaling $242,550, which reduced his ownership stake by 4.82%.
• The company's stock traded up 0.4% to $15.75 amid high trading volume, and TSS has a market cap of $399.42 million and a P/E ratio of 43.75.
• Wall Street analysts have dropped TSS shares from a "buy" to a "hold" rating, indicating a cautious outlook on the stock's performance.

TSS Inc. (NASDAQ:TSSI - Get Free Report) CFO Daniel M. Chism sold 15,000 shares of the company's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $16.17, for a total value of $242,550.00. Following the completion of the sale, the chief financial officer owned 296,219 shares in the company, valued at approximately $4,789,861.23. This represents a 4.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

TSS Stock Performance

Shares of TSS stock traded up $0.79 during trading on Wednesday, hitting $15.19. 2,880,798 shares of the company's stock were exchanged, compared to its average volume of 2,580,346. The stock has a market capitalization of $385.22 million, a price-to-earnings ratio of 42.20 and a beta of 1.77. The business has a 50-day simple moving average of $19.44 and a 200-day simple moving average of $15.38. TSS Inc. has a 52-week low of $5.04 and a 52-week high of $31.94. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.81.

TSS (NASDAQ:TSSI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.06 earnings per share for the quarter. The company had revenue of $43.97 million for the quarter. TSS had a return on equity of 107.01% and a net margin of 3.43%.

Analyst Ratings Changes

Several research firms have commented on TSSI. Wall Street Zen lowered TSS from a "buy" rating to a "hold" rating in a research report on Monday, June 23rd. Singular Research began coverage on shares of TSS in a report on Tuesday. They set a "buy" rating and a $20.50 price target on the stock. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $20.50.

Hedge Funds Weigh In On TSS

Hedge funds and other institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System purchased a new stake in shares of TSS during the second quarter worth approximately $33,000. Bank of America Corp DE acquired a new stake in TSS during the 4th quarter worth $40,000. BNP Paribas Financial Markets purchased a new stake in shares of TSS during the second quarter worth $45,000. Ameritas Investment Partners Inc. acquired a new stake in shares of TSS in the second quarter valued at about $54,000. Finally, Legal & General Group Plc purchased a new position in shares of TSS in the second quarter worth about $59,000.

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.