Global Financial Private Capital LLC purchased a new position in shares of Total System Services, Inc. (NYSE:TSS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,087 shares of the credit services provider’s stock, valued at approximately $244,000.
Other institutional investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its stake in Total System Services by 28.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 511,039 shares of the credit services provider’s stock valued at $40,417,000 after purchasing an additional 113,481 shares during the period. Suncoast Equity Management bought a new position in Total System Services in the 4th quarter valued at $234,000. First Trust Advisors LP grew its stake in Total System Services by 7.9% in the 4th quarter. First Trust Advisors LP now owns 367,415 shares of the credit services provider’s stock valued at $29,059,000 after purchasing an additional 26,876 shares during the period. ACG Wealth bought a new position in Total System Services in the 4th quarter valued at $220,000. Finally, Barings LLC grew its stake in Total System Services by 11.6% in the 4th quarter. Barings LLC now owns 42,428 shares of the credit services provider’s stock valued at $3,356,000 after purchasing an additional 4,400 shares during the period. Institutional investors and hedge funds own 74.20% of the company’s stock.
TSS has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price objective on Total System Services from $70.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Robert W. Baird upped their price objective on Total System Services from $76.00 to $78.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Zacks Investment Research upgraded Total System Services from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Friday, December 15th. Goldman Sachs Group downgraded Total System Services from a “buy” rating to a “neutral” rating in a research note on Monday, December 11th. Finally, Stephens restated a “buy” rating and issued a $88.00 price objective on shares of Total System Services in a research note on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $82.08.
Total System Services, Inc. (TSS) opened at $87.01 on Wednesday. Total System Services, Inc. has a 1 year low of $50.96 and a 1 year high of $89.92. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.09. The company has a market capitalization of $16,000.00, a price-to-earnings ratio of 25.82, a PEG ratio of 1.50 and a beta of 1.13.
Total System Services (NYSE:TSS) last issued its quarterly earnings data on Tuesday, January 23rd. The credit services provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. The business had revenue of $870.61 million for the quarter, compared to analysts’ expectations of $848.20 million. Total System Services had a return on equity of 26.21% and a net margin of 11.90%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.71 EPS. sell-side analysts forecast that Total System Services, Inc. will post 3.96 earnings per share for the current fiscal year.
In related news, EVP G Sanders Griffith III sold 66,856 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $84.78, for a total transaction of $5,668,051.68. Following the sale, the executive vice president now owns 221,907 shares of the company’s stock, valued at approximately $18,813,275.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Patricia A. Watson sold 2,274 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $83.35, for a total value of $189,537.90. Following the sale, the executive vice president now directly owns 27,253 shares in the company, valued at approximately $2,271,537.55. The disclosure for this sale can be found here. Insiders have sold a total of 363,454 shares of company stock worth $30,861,562 in the last three months. 2.60% of the stock is currently owned by 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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