Wall Street Zen Upgrades TSS (NASDAQ:TSSI) to "Buy"

TSS (NASDAQ:TSSI - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Sunday.

TSS Trading Up 9.0%

TSSI traded up $1.97 during trading hours on Friday, reaching $23.76. The company's stock had a trading volume of 2,867,539 shares, compared to its average volume of 2,632,496. The stock has a market cap of $594.48 million, a PE ratio of 66.00 and a beta of 1.41. TSS has a fifty-two week low of $1.85 and a fifty-two week high of $24.20. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.85 and a quick ratio of 0.56. The business's 50-day moving average is $11.77 and its 200-day moving average is $11.33.

TSS (NASDAQ:TSSI - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The company reported $0.12 EPS for the quarter. The business had revenue of $98.96 million for the quarter. TSS had a return on equity of 121.89% and a net margin of 3.87%.

Insiders Place Their Bets

In other TSS news, SVP Kieran Brennan sold 10,000 shares of the company's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $13.07, for a total transaction of $130,700.00. Following the transaction, the senior vice president now directly owns 323,000 shares in the company, valued at $4,221,610. This represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 18.94% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TSS

Several institutional investors and hedge funds have recently modified their holdings of TSSI. Palisades Investment Partners LLC boosted its holdings in TSS by 2.0% during the 1st quarter. Palisades Investment Partners LLC now owns 257,865 shares of the company's stock valued at $2,024,000 after acquiring an additional 5,142 shares during the period. Value Aligned Research Advisors LLC lifted its position in shares of 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 purchasing an additional 63,982 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of 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 purchasing an additional 119,432 shares in the last quarter. Pacer Advisors Inc. purchased a new position in shares of TSS in the first quarter valued at approximately $1,087,000. Finally, Geode Capital Management LLC acquired a new position in shares of TSS in the fourth quarter valued at approximately $1,539,000.

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.