TSS (NASDAQ:TSSI) Stock Price Up 13.2% - Here's Why

TSS, Inc. (NASDAQ:TSSI - Get Free Report) shares rose 13.2% during trading on Monday . The company traded as high as $20.99 and last traded at $20.81. Approximately 762,154 shares traded hands during trading, a decline of 54% from the average daily volume of 1,669,780 shares. The stock had previously closed at $18.39.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of TSS from a "hold" rating to a "buy" rating in a report on Sunday.

TSS Price Performance

The stock has a market cap of $545.19 million, a PE ratio of 121.06 and a beta of 1.41. The company's fifty day moving average is $11.16 and its 200-day moving average is $11.17.

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

Insiders Place Their Bets

In related news, SVP Kieran Brennan sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $13.50, for a total value of $67,500.00. Following the completion of the sale, the senior vice president now owns 318,000 shares of the company's stock, valued at approximately $4,293,000. This trade represents a 1.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 18.94% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TSS

A number of institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. grew its position in shares of TSS by 40.0% during the first quarter. Goldman Sachs Group Inc. now owns 60,540 shares of the company's stock worth $475,000 after buying an additional 17,310 shares in the last quarter. NewEdge Advisors LLC lifted its stake in TSS by 536.7% in 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 during the last quarter. Value Aligned Research Advisors LLC grew its holdings in TSS by 34.0% during the 1st 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. purchased a new stake in shares of TSS in the 1st quarter valued at approximately $143,000. Finally, State of Wyoming acquired a new stake in shares of TSS in the 1st quarter valued at $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.