TSS (NASDAQ:TSSI) Now Covered by Needham & Company LLC

Equities research analysts at Needham & Company LLC started coverage on shares of TSS (NASDAQ:TSSI) in a research note issued to investors on Monday,Benzinga reports. The firm set a “buy” rating and a $16.00 price target on the stock. Needham & Company LLC’s price objective suggests a potential upside of 36.75% from the company’s current price.

A number of other equities research analysts also recently weighed in on the company. Zacks Research upgraded TSS to a “hold” rating in a research report on Tuesday, February 17th. Loop Capital set a $15.00 price objective on TSS in a report on Monday, December 1st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of TSS in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.17.

TSS Stock Performance

Shares of TSSI opened at $11.70 on Monday. The stock’s 50-day simple moving average is $10.13 and its 200 day simple moving average is $11.93. The stock has a market capitalization of $324.96 million, a price-to-earnings ratio of 22.08 and a beta of 2.12. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.41 and a current ratio of 1.63. TSS has a 52-week low of $5.63 and a 52-week high of $31.94.

TSS (NASDAQ:TSSI) last issued its quarterly earnings data on Wednesday, March 11th. The company reported $0.41 EPS for the quarter. The company had revenue of $60.91 million during the quarter. TSS had a net margin of 6.16% and a return on equity of 38.06%.

Insider Transactions at TSS

In other TSS news, SVP Kieran Brennan sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $12.27, for a total value of $147,240.00. Following the completion of the sale, the senior vice president owned 279,137 shares in the company, valued at approximately $3,425,010.99. The trade was a 4.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 18.94% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TSSI. California State Teachers Retirement System bought a new position in TSS during the 2nd quarter valued at approximately $33,000. BNP Paribas Financial Markets bought a new stake in shares of TSS in the 2nd quarter worth approximately $45,000. Ameritas Investment Partners Inc. bought a new stake in shares of TSS in the 2nd quarter worth approximately $54,000. Legal & General Group Plc purchased a new position in shares of TSS during the second quarter valued at approximately $59,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of TSS by 81.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,129 shares of the company’s stock valued at $90,000 after buying 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. TSS Inc, formerly known as Fortress International Group, Inc, is based in Columbia, United States.