TSS (NASDAQ:TSSI) Upgraded to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen upgraded TSS (NASDAQ:TSSI) from "sell" to "hold"; overall analyst consensus is a "Moderate Buy" with a $17.17 average target (two Buy ratings, two Hold ratings).
• Shares opened at $12.42 and were down about 5.3%, with a market cap of ~$345M, a P/E of 23.4 and a 52-week range of $6.50–$31.94; the company reported quarterly EPS of $0.41 on $60.91M in revenue.
• SVP Kieran Brennan sold 12,000 shares at an average $12.27 (a ~4.12% reduction in his holdings), insiders own 18.94% of the stock, and institutions like Millennium and Vanguard have recently increased stakes.

TSS (NASDAQ:TSSI - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday.

Several other analysts also recently weighed in on TSSI. Needham & Company LLC assumed coverage on TSS in a research note on Monday, March 30th. They set a "buy" rating and a $16.00 price target on the stock. Zacks Research upgraded TSS to a "hold" rating in a research note on Tuesday, February 17th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of TSS in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, TSS currently has an average rating of "Moderate Buy" and a consensus target price of $17.17.

TSS Stock Down 5.3%

TSS stock opened at $12.42 on Friday. 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 business's 50-day simple moving average is $10.55 and its two-hundred day simple moving average is $11.79. The company has a market cap of $344.90 million, a PE ratio of 23.43 and a beta of 2.04. TSS has a fifty-two week low of $6.50 and a fifty-two week high of $31.94.

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

Insider Activity at TSS

In other news, SVP Kieran Brennan sold 12,000 shares of the company's stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $12.27, for a total value of $147,240.00. Following the sale, the senior vice president owned 279,137 shares in the company, valued at $3,425,010.99. This represents a 4.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 18.94% of the stock is owned by insiders.

Institutional Trading of TSS

A number of hedge funds have recently modified their holdings of TSSI. Millennium Management LLC boosted its stake in shares of TSS by 81.9% in the fourth quarter. Millennium Management LLC now owns 865,350 shares of the company's stock worth $6,118,000 after buying an additional 389,497 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of TSS in the second quarter worth about $8,862,000. Vanguard Group Inc. boosted its stake 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. UBS Group AG boosted its stake in shares of TSS by 188.1% in the fourth quarter. UBS Group AG now owns 316,456 shares of the company's stock worth $2,237,000 after buying an additional 206,600 shares during the last quarter. Finally, Arosa Capital Management LP purchased a new stake in shares of TSS in the fourth quarter worth about $1,414,000.

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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