TSS (NASDAQ:TSSI) COO Sells $12,000.00 in Stock

Key Points

• COO Karl Todd Marrott sold 800 shares on April 16 at $15 each for $12,000, trimming his stake by 0.27% to 290,136 shares valued at about $4.35 million, as disclosed on an SEC Form 4.
• TSSI shares were down 0.4% to $14.91 on heavy volume, with a market cap of $414.1M, a P/E of 28.13, 50‑day/200‑day moving averages of roughly $10.99/$11.70, and a 12‑month range of $6.50–$31.94.
• Institutions have been adding to positions (notably Vanguard, Millennium and UBS), and analysts are split but the consensus is a "Moderate Buy" with a $17.17 target; Needham initiated coverage with a Buy and $16 target.

TSS Inc. (NASDAQ:TSSI - Get Free Report) COO Karl Todd Marrott sold 800 shares of the company's stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $15.00, for a total value of $12,000.00. Following the sale, the chief operating officer owned 290,136 shares of the company's stock, valued at $4,352,040. This trade represents a 0.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

TSS Stock Down 0.4%

TSSI traded down $0.06 on Friday, hitting $14.91. The company had a trading volume of 1,889,667 shares, compared to its average volume of 1,534,222. The stock has a market capitalization of $414.11 million, a price-to-earnings ratio of 28.13 and a beta of 2.04. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.41 and a current ratio of 1.63. The stock has a fifty day moving average price of $10.99 and a 200-day moving average price of $11.70. TSS Inc. has a 12-month low of $6.50 and a 12-month high of $31.94.

TSS (NASDAQ:TSSI - Get Free Report) last released its quarterly earnings results on Wednesday, March 11th. The company reported $0.41 EPS for the quarter. TSS had a net margin of 6.16% and a return on equity of 38.06%. The business had revenue of $60.91 million during the quarter.

Institutional Trading of TSS

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of TSS by 31.2% in the third quarter. Vanguard Group Inc. now owns 1,240,958 shares of the company's stock worth $22,474,000 after buying an additional 294,971 shares during the last quarter. Millennium Management LLC grew its holdings in shares of TSS by 81.9% during the fourth quarter. Millennium Management LLC now owns 865,350 shares of the company's stock valued at $6,118,000 after buying an additional 389,497 shares during the last quarter. Geode Capital Management LLC raised its stake in TSS by 8.3% in the 4th quarter. Geode Capital Management LLC now owns 539,359 shares of the company's stock worth $3,814,000 after acquiring an additional 41,536 shares during the last quarter. Value Aligned Research Advisors LLC raised its stake in TSS by 6.8% in the 4th quarter. Value Aligned Research Advisors LLC now owns 460,510 shares of the company's stock worth $3,256,000 after acquiring an additional 29,247 shares during the last quarter. Finally, UBS Group AG lifted its position in TSS by 188.1% during the 4th quarter. UBS Group AG now owns 316,456 shares of the company's stock worth $2,237,000 after acquiring an additional 206,600 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on TSSI shares. Zacks Research raised shares of TSS to a "hold" rating in a report on Tuesday, February 17th. Wall Street Zen raised TSS from a "sell" rating to a "hold" rating in a research report on Saturday, April 11th. Weiss Ratings restated a "hold (c-)" rating on shares of TSS in a research note on Monday, December 29th. Finally, Needham & Company LLC initiated coverage on TSS in a research report on Monday, March 30th. They set a "buy" rating and a $16.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, TSS presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.17.

About TSS

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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