Tredje AP fonden bought a new stake in Total System Services, Inc. (NYSE:TSS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 48,740 shares of the credit services provider’s stock, valued at approximately $3,199,000.
Several other institutional investors have also made changes to their positions in the company. Bronfman E.L. Rothschild L.P. raised its stake in Total System Services by 13.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,959 shares of the credit services provider’s stock valued at $114,000 after purchasing an additional 228 shares in the last quarter. Acrospire Investment Management LLC raised its stake in Total System Services by 122.2% in the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the credit services provider’s stock valued at $117,000 after purchasing an additional 1,100 shares in the last quarter. TLP Group LLC acquired a new position in Total System Services in the second quarter valued at about $122,000. Parkwood LLC acquired a new position in Total System Services in the third quarter valued at about $200,000. Finally, Texas Yale Capital Corp. acquired a new position in Total System Services in the second quarter valued at about $205,000. 76.09% of the stock is owned by institutional investors.
In other news, EVP Patricia A. Watson sold 23,608 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $74.01, for a total value of $1,747,228.08. Following the completion of the transaction, the executive vice president now owns 21,112 shares of the company’s stock, valued at $1,562,499.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.60% of the company’s stock.
Total System Services, Inc. (TSS) traded down $0.78 during trading on Tuesday, hitting $73.10. The stock had a trading volume of 1,470,100 shares, compared to its average volume of 1,261,585. Total System Services, Inc. has a one year low of $47.84 and a one year high of $74.72. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $13,582.56, a P/E ratio of 23.53, a P/E/G ratio of 1.81 and a beta of 1.10.
Total System Services (NYSE:TSS) last released its quarterly earnings data on Tuesday, October 24th. The credit services provider reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.07. Total System Services had a return on equity of 26.25% and a net margin of 8.73%. The company had revenue of $852.80 million during the quarter, compared to the consensus estimate of $842.30 million. During the same quarter in the prior year, the firm posted $0.71 earnings per share. The firm’s revenue was up 8.0% compared to the same quarter last year. equities research analysts predict that Total System Services, Inc. will post 3.2 EPS for the current fiscal year.
A number of research analysts recently commented on the company. Cowen reaffirmed a “buy” rating and issued a $67.00 price target on shares of Total System Services in a research note on Thursday, September 7th. Wells Fargo & Company boosted their price target on Total System Services from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, September 27th. Bank of America assumed coverage on Total System Services in a research note on Tuesday, September 12th. They set an “underperform” rating and a $64.00 target price for the company. Jefferies Group boosted their target price on Total System Services from $59.00 to $73.00 and gave the stock a “hold” rating in a research note on Monday, October 30th. Finally, BMO Capital Markets boosted their target price on Total System Services from $70.00 to $77.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $69.36.
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Total System Services Profile
Total System Services, Inc (TSYS) is a payment solutions provider that provides payment processing services, merchant services and related payment services to financial and non-financial institutions. The Company’s segments include North America Services, Merchant Services, NetSpend and International Services.
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