Peter Woodward Sells 200,000 Shares of TSS (NASDAQ:TSSI) Stock

TSS Inc. (NASDAQ:TSSI) Director Peter Woodward sold 200,000 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $16.07, for a total transaction of $3,214,000.00. Following the completion of the sale, the director directly owned 983,521 shares of the company’s stock, valued at $15,805,182.47. The trade was a 16.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

TSS Stock Down 3.6%

Shares of TSSI traded down $0.57 during mid-day trading on Tuesday, hitting $15.09. The company’s stock had a trading volume of 2,197,560 shares, compared to its average volume of 1,991,228. The company’s 50-day moving average is $13.46 and its 200-day moving average is $10.71. TSS Inc. has a 52-week low of $6.87 and a 52-week high of $31.94. The firm has a market capitalization of $423.58 million, a price-to-earnings ratio of 31.96 and a beta of 1.99. The company has a current ratio of 2.18, a quick ratio of 1.99 and a debt-to-equity ratio of 0.16.

TSS (NASDAQ:TSSI) last posted its earnings results on Thursday, May 7th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. The company had revenue of $55.35 million during the quarter. TSS had a net margin of 7.14% and a return on equity of 25.27%. On average, equities research analysts forecast that TSS Inc. will post 0.32 EPS for the current fiscal year.

Institutional Trading of TSS

A number of large investors have recently bought and sold shares of the business. California State Teachers Retirement System acquired a new stake in shares of TSS in the 2nd quarter worth $33,000. Bank of America Corp DE acquired a new stake in shares of TSS in the fourth quarter worth approximately $40,000. BNP Paribas Financial Markets acquired a new stake in shares of TSS in the second quarter worth approximately $45,000. Legal & General Group Plc acquired a new stake in shares of TSS in the second quarter worth approximately $59,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of TSS by 81.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,129 shares of the company’s stock worth $90,000 after acquiring an additional 1,401 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on TSSI shares. Wall Street Zen lowered shares of TSS from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. Weiss Ratings raised shares of TSS from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Zacks Research raised shares of TSS to a “hold” rating in a research note on Tuesday, February 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 target price on shares of TSS in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.17.

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.