TSS (NASDAQ:TSSI) COO Sells 11,100 Shares

Key Points

• Karl Todd Marrott, COO of TSS Inc., sold 11,100 shares of the company's stock for a total of $179,487, reducing his ownership by 3.62%.
• TSS stock experienced a 0.4% increase, closing at $15.75, with a market cap of approximately $399.42 million.
• Institutional investors have shown increased interest in TSS, with several firms raising their stakes in the company during the second quarter of 2023.

TSS Inc. (NASDAQ:TSSI - Get Free Report) COO Karl Todd Marrott sold 11,100 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $16.17, for a total value of $179,487.00. Following the completion of the sale, the chief operating officer owned 295,575 shares in the company, valued at $4,779,447.75. This trade represents a 3.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Karl Todd Marrott also recently made the following trade(s):

• On Thursday, August 28th, Karl Todd Marrott sold 23,908 shares of TSS stock. The shares were sold at an average price of $16.16, for a total value of $386,353.28.
• On Wednesday, August 27th, Karl Todd Marrott sold 2,917 shares of TSS stock. The stock was sold at an average price of $16.23, for a total value of $47,342.91.

TSS Price Performance

TSSI stock traded up $0.79 during mid-day trading on Wednesday, hitting $15.19. 2,880,798 shares of the stock were exchanged, compared to its average volume of 2,580,346. The business has a fifty day moving average price of $19.44 and a 200 day moving average price of $15.38. TSS Inc. has a 12 month low of $5.04 and a 12 month high of $31.94. 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 company has a debt-to-equity ratio of 2.05, a current ratio of 0.81 and a quick ratio of 0.65.

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

Hedge Funds Weigh In On TSS

A number of hedge funds have recently modified their holdings of the company. California State Teachers Retirement System bought a new stake in shares of TSS during the 2nd quarter valued at $33,000. Bank of America Corp DE purchased a new stake in TSS in the 4th quarter worth $40,000. BNP Paribas Financial Markets bought a new stake in TSS during the second quarter valued at about $45,000. Ameritas Investment Partners Inc. purchased a new position in shares of TSS in the second quarter valued at about $54,000. Finally, Legal & General Group Plc bought a new position in shares of TSS in the second quarter worth about $59,000.

Analyst Ratings Changes

A number of research firms recently weighed in 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 TSS in a research report on Tuesday. They issued a "buy" rating and a $20.50 price objective on the stock. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $20.50.

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.