TSS (NASDAQ:TSSI) Rating Lowered to Hold at Wall Street Zen

Wall Street Zen cut shares of TSS (NASDAQ:TSSI - Free Report) from a buy rating to a hold rating in a report issued on Saturday.

TSS Price Performance

NASDAQ:TSSI traded down $0.39 during trading hours on Friday, reaching $20.42. The company's stock had a trading volume of 2,612,270 shares, compared to its average volume of 1,668,573. The company has a market cap of $510.91 million, a price-to-earnings ratio of 113.45 and a beta of 1.41. TSS has a one year low of $1.82 and a one year high of $21.53. The business's 50-day moving average is $10.06 and its 200-day moving average is $10.85.

TSS (NASDAQ:TSSI - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported $0.12 EPS for the quarter. TSS had a return on equity of 87.89% and a net margin of 3.59%. The company had revenue of $98.96 million during the quarter.

Insider Activity

In other news, SVP Kieran Brennan sold 5,000 shares of the company's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $13.50, for a total transaction of $67,500.00. Following the completion of the transaction, the senior vice president now owns 318,000 shares of the company's stock, valued at approximately $4,293,000. This represents a 1.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 18.94% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TSSI. Goldman Sachs Group Inc. raised its position in TSS by 40.0% in the first quarter. Goldman Sachs Group Inc. now owns 60,540 shares of the company's stock worth $475,000 after purchasing an additional 17,310 shares in the last quarter. NewEdge Advisors LLC raised its stake in TSS by 536.7% during the first quarter. NewEdge Advisors LLC now owns 141,686 shares of the company's stock worth $1,112,000 after acquiring an additional 119,432 shares in the last quarter. Value Aligned Research Advisors LLC raised its stake in TSS by 34.0% during the first quarter. Value Aligned Research Advisors LLC now owns 252,128 shares of the company's stock worth $1,979,000 after acquiring an additional 63,982 shares in the last quarter. Pinnacle Wealth Planning Services Inc. acquired a new position in TSS during the first quarter worth $143,000. Finally, State of Wyoming acquired a new position in TSS during the first quarter worth $77,000.

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.