Crossmark Global Holdings Inc. grew its holdings in Total System Services, Inc. (NYSE:TSS) by 21.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,306 shares of the credit services provider’s stock after purchasing an additional 5,139 shares during the period. Crossmark Global Holdings Inc.’s holdings in Total System Services were worth $2,318,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in TSS. Acadian Asset Management LLC acquired a new stake in shares of Total System Services in the fourth quarter valued at about $109,000. Parkwood LLC acquired a new stake in shares of Total System Services in the third quarter valued at about $200,000. Cahaba Wealth Management Inc. acquired a new stake in Total System Services during the fourth quarter worth about $208,000. Reliance Trust Co. acquired a new stake in Total System Services during the third quarter worth about $211,000. Finally, Advisor Partners LLC acquired a new stake in Total System Services during the third quarter worth about $213,000. Institutional investors and hedge funds own 74.20% of the company’s stock.
Shares of Total System Services, Inc. (TSS) opened at $87.08 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.12. The stock has a market cap of $16,009.33, a PE ratio of 27.04, a PEG ratio of 1.50 and a beta of 1.13. Total System Services, Inc. has a fifty-two week low of $50.96 and a fifty-two week high of $89.92.
Total System Services (NYSE:TSS) last issued its earnings results on Tuesday, January 23rd. The credit services provider reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.03. Total System Services had a net margin of 11.90% and a return on equity of 26.21%. The company had revenue of $870.61 million for the quarter, compared to analysts’ expectations of $848.20 million. During the same period in the prior year, the firm earned $0.71 EPS. Total System Services’s quarterly revenue was up 10.8% compared to the same quarter last year. analysts predict that Total System Services, Inc. will post 3.96 earnings per share for the current year.
A number of research analysts have commented on the stock. Stifel Nicolaus restated a “hold” rating and set a $85.00 price target on shares of Total System Services in a research note on Wednesday, January 24th. Barclays raised their price target on shares of Total System Services from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. Citigroup lifted their target price on shares of Total System Services from $94.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. KeyCorp reiterated a “buy” rating and issued a $92.00 target price (up previously from $85.00) on shares of Total System Services in a research note on Wednesday, January 24th. Finally, BMO Capital Markets set a $102.00 target price on shares of Total System Services and gave the company a “buy” rating in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $82.08.
In other Total System Services news, Director Richard W. Ussery sold 7,546 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $88.29, for a total transaction of $666,236.34. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Patricia A. Watson sold 9,596 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $88.42, for a total transaction of $848,478.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 363,454 shares of company stock worth $30,861,562. 2.60% of the stock is owned by company insiders.
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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