Total System Services, Inc. (TSS) Shares Sold by BB&T Securities LLC

BB&T Securities LLC lowered its holdings in Total System Services, Inc. (NYSE:TSS) by 66.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 10,748 shares of the credit services provider’s stock after selling 20,834 shares during the quarter. BB&T Securities LLC’s holdings in Total System Services were worth $703,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. lifted its holdings in Total System Services by 13.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,959 shares of the credit services provider’s stock worth $114,000 after buying an additional 228 shares during the period. Acrospire Investment Management LLC lifted its holdings in Total System Services by 122.2% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,000 shares of the credit services provider’s stock worth $117,000 after buying an additional 1,100 shares during the period. TLP Group LLC purchased a new stake in Total System Services in the 2nd quarter worth approximately $122,000. Parkwood LLC purchased a new stake in Total System Services in the 3rd quarter worth approximately $200,000. Finally, Texas Yale Capital Corp. purchased a new stake in Total System Services in the 2nd quarter worth approximately $205,000. Institutional investors and hedge funds own 76.09% of the company’s stock.

A number of research analysts have recently commented on the company. Robert W. Baird restated a “buy” rating on shares of Total System Services in a research note on Tuesday, September 26th. Royal Bank Of Canada assumed coverage on Total System Services in a research note on Monday, August 28th. They issued an “outperform” rating and a $75.00 target price for the company. BidaskClub upgraded Total System Services from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Citigroup raised their target price on Total System Services from $71.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Finally, Stephens restated an “overweight” rating and issued a $70.00 target price on shares of Total System Services in a research note on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Total System Services presently has a consensus 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 stock was sold at an average price of $74.01, for a total transaction 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 approximately $1,562,499.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.60% of the stock is owned by company insiders.

Total System Services, Inc. (TSS) traded up $0.65 during mid-day trading on Friday, reaching $76.58. The company had a trading volume of 1,253,338 shares, compared to its average volume of 1,106,134. Total System Services, Inc. has a one year low of $48.65 and a one year high of $77.38. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.02. The company has a market cap of $14,078.93, a price-to-earnings ratio of 24.39, a PEG ratio of 1.88 and a beta of 1.10.

Total System Services (NYSE:TSS) last posted its quarterly earnings data on Tuesday, October 24th. The credit services provider reported $0.88 earnings per share for the quarter, beating the Zacks’ 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 analyst estimates of $842.30 million. During the same quarter last year, the company earned $0.71 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. equities research analysts predict that Total System Services, Inc. will post 3.2 earnings per share for the current year.

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About Total System Services

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.

Institutional Ownership by Quarter for Total System Services (NYSE:TSS)

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