DekaBank Deutsche Girozentrale lessened its stake in Total System Services, Inc. (NYSE:TSS) by 16.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,874 shares of the credit services provider’s stock after selling 7,829 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Total System Services were worth $2,738,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of TSS. Synovus Financial Corp grew its holdings in Total System Services by 1.0% during the second quarter. Synovus Financial Corp now owns 13,709,409 shares of the credit services provider’s stock valued at $798,579,000 after purchasing an additional 134,998 shares during the period. Nationwide Fund Advisors raised its position in shares of Total System Services by 21.4% in the second quarter. Nationwide Fund Advisors now owns 363,203 shares of the credit services provider’s stock worth $21,157,000 after buying an additional 64,038 shares in the last quarter. Gotham Asset Management LLC raised its position in shares of Total System Services by 801.6% in the second quarter. Gotham Asset Management LLC now owns 114,449 shares of the credit services provider’s stock worth $6,667,000 after buying an additional 101,755 shares in the last quarter. South Dakota Investment Council purchased a new stake in Total System Services during the second quarter valued at about $711,000. Finally, Aviva PLC raised its position in Total System Services by 10.6% during the second quarter. Aviva PLC now owns 106,880 shares of the credit services provider’s stock valued at $6,227,000 after purchasing an additional 10,240 shares in the last quarter. 76.09% of the stock is currently owned by institutional investors and hedge funds.
Shares of Total System Services, Inc. (NYSE:TSS) traded up $1.12 during trading on Thursday, hitting $75.93. 1,658,347 shares of the stock traded hands, compared to its average volume of 1,264,008. The firm has a market cap of $13,850.00, a PE ratio of 23.57, a price-to-earnings-growth ratio of 1.82 and a beta of 1.10. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.03 and a current ratio of 1.03. Total System Services, Inc. has a fifty-two week low of $48.17 and a fifty-two week high of $76.56.
Total System Services (NYSE:TSS) last announced its quarterly earnings data on Tuesday, October 24th. The credit services provider reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.07. Total System Services had a net margin of 8.73% and a return on equity of 26.25%. 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 earned $0.71 EPS. Total System Services’s quarterly revenue was up 8.0% on a year-over-year basis. analysts expect that Total System Services, Inc. will post 3.2 earnings per share for the current year.
A number of analysts have recently commented on the company. Morgan Stanley reissued a “hold” rating on shares of Total System Services in a research report on Thursday, November 16th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $75.00 target price on shares of Total System Services in a report on Monday, October 30th. Jefferies Group increased their price objective on shares of Total System Services from $59.00 to $73.00 and gave the company a “hold” rating in a report on Monday, October 30th. Citigroup upped their target price on shares of Total System Services from $71.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Finally, Cowen reissued a “buy” rating and issued a $67.00 price objective on shares of Total System Services in a research report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $69.36.
In related news, EVP Patricia A. Watson sold 23,608 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $74.01, for a total value of $1,747,228.08. Following the transaction, the executive vice president now owns 21,112 shares in the company, valued at $1,562,499.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.60% of the stock is currently owned by company insiders.
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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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