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

Key Points

• TSS's stock has maintained a "hold (C+)" rating from Weiss Ratings, with a current consensus rating of "Moderate Buy" and an average target price of $20.50.
• The company's stock increased by 6.9% to $18.23 during mid-day trading, with a market cap of approximately $462.31 million.
• Recent insider trades include CFO Daniel M. Chism selling 15,000 shares and COO Karl Todd Marrott selling 23,908 shares, indicating notable changes in insider ownership.

TSS (NASDAQ:TSSI - Get Free Report)'s stock had its "hold (c+)" rating reissued by stock analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

Separately, Singular Research assumed coverage on TSS in a report on Tuesday, September 16th. They issued a "buy" rating and a $20.50 price objective for the company. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $20.50.

TSS Stock Up 6.9%

Shares of TSSI traded up $1.18 during mid-day trading on Friday, hitting $18.23. 1,638,378 shares of the company's stock were exchanged, compared to its average volume of 2,390,578. The company has a market cap of $462.31 million, a PE ratio of 50.64 and a beta of 1.73. TSS has a 52 week low of $5.63 and a 52 week high of $31.94. The company has a 50-day simple moving average of $16.42 and a 200 day simple moving average of $17.09. 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 (NASDAQ:TSSI - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.06 EPS for the quarter. The company 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 Buying and Selling at TSS

In other TSS news, CFO Daniel M. Chism sold 15,000 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $16.17, for a total transaction of $242,550.00. Following the transaction, the chief financial officer owned 296,219 shares in the company, valued at $4,789,861.23. This trade represents a 4.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Karl Todd Marrott sold 23,908 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $16.16, for a total value of $386,353.28. Following the transaction, the chief operating officer owned 306,675 shares in the company, valued at $4,955,868. The trade was a 7.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 67,925 shares of company stock worth $1,099,233 in the last quarter. Company insiders own 18.94% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System bought a new position in TSS during the 2nd quarter worth $33,000. Bank of America Corp DE bought a new position in shares of TSS in the fourth quarter worth $40,000. BNP Paribas Financial Markets bought a new position in shares of TSS in the second quarter worth $45,000. Ameritas Investment Partners Inc. bought a new position in shares of TSS in the second quarter worth $54,000. Finally, Legal & General Group Plc bought a new position in shares of TSS in the second quarter worth $59,000.

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.

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