TSS's (TSSI) Hold (C+) Rating Reaffirmed at Weiss Ratings

Key Points

• TSS's stock has been reaffirmed with a "hold (C+)" rating by Weiss Ratings, despite a previous downgrade from Wall Street Zen from "buy" to "hold."
• The company's stock traded up 4.9% to reach $20.42, with an average price target of $20.50 according to analysts.
• Insider trading activity shows CFO and COO recently sold shares, indicating a decrease in their positions, while institutional investors continued to acquire new stakes in TSS.

TSS (NASDAQ:TSSI - Get Free Report)'s stock had its "hold (c+)" rating reiterated by analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

TSSI has been the topic of several other reports. Wall Street Zen cut TSS from a "buy" rating to a "hold" rating in a report on Monday, June 23rd. Singular Research began coverage on TSS in a report on Tuesday, September 16th. They set a "buy" rating and a $20.50 price objective on the stock. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $20.50.

TSS Stock Up 4.9%

NASDAQ:TSSI traded up $0.95 during trading hours on Wednesday, reaching $20.42. 3,106,285 shares of the stock were exchanged, compared to its average volume of 3,084,321. The stock has a market cap of $517.85 million, a PE ratio of 56.72 and a beta of 1.73. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.81 and a quick ratio of 0.65. TSS has a twelve month low of $5.25 and a twelve month high of $31.94. The firm has a 50 day moving average of $17.64 and a 200 day moving average of $16.29.

TSS (NASDAQ:TSSI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $43.97 million during the quarter. TSS had a return on equity of 107.01% and a net margin of 3.43%.

Insider Transactions at TSS

In other news, CFO Daniel M. Chism sold 15,000 shares of the firm's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $16.17, for a total value of $242,550.00. Following the completion of the sale, the chief financial officer owned 296,219 shares of the company's stock, valued at $4,789,861.23. This trade represents a 4.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Karl Todd Marrott sold 11,100 shares of the firm's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $16.17, for a total value of $179,487.00. Following the completion of the transaction, the chief operating officer owned 295,575 shares of the company's stock, valued at $4,779,447.75. This trade represents a 3.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold 67,925 shares of company stock worth $1,099,233 over the last quarter. 18.94% of the stock is owned by company insiders.

Institutional Investors Weigh In On TSS

Institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System purchased a new stake in shares of TSS during the 2nd quarter valued at approximately $33,000. BNP Paribas Financial Markets purchased a new stake in TSS in the second quarter valued at approximately $45,000. Ameritas Investment Partners Inc. acquired a new stake in shares of TSS during the second quarter worth about $54,000. Legal & General Group Plc acquired a new stake in TSS in the second quarter valued at about $59,000. Finally, Tower Research Capital LLC TRC lifted its position in TSS by 81.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,129 shares of the company's stock valued at $90,000 after purchasing an additional 1,401 shares during the period.

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.

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