Moody National Bank Trust Division raised its position in Total System Services, Inc. (NYSE:TSS) by 843.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,484 shares of the credit services provider’s stock after acquiring an additional 70,164 shares during the quarter. Moody National Bank Trust Division’s holdings in Total System Services were worth $7,750,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSS. Janus Henderson Group PLC grew its position in Total System Services by 56.5% in the 2nd quarter. Janus Henderson Group PLC now owns 2,897,435 shares of the credit services provider’s stock valued at $244,891,000 after acquiring an additional 1,045,842 shares in the last quarter. Bank of Montreal Can acquired a new position in Total System Services in the 2nd quarter valued at about $34,267,000. Massachusetts Financial Services Co. MA grew its position in Total System Services by 53.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 885,306 shares of the credit services provider’s stock valued at $87,416,000 after acquiring an additional 307,042 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in Total System Services by 132.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 505,526 shares of the credit services provider’s stock valued at $42,727,000 after acquiring an additional 288,101 shares in the last quarter. Finally, Worldquant Millennium Quantitative Strategies LLC acquired a new position in Total System Services in the 2nd quarter valued at about $23,638,000. 76.74% of the stock is owned by institutional investors.
TSS has been the subject of several research reports. Citigroup lifted their target price on Total System Services from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, October 5th. Oppenheimer raised Total System Services from a “market perform” rating to an “outperform” rating and set a $110.00 target price for the company in a research report on Thursday, September 6th. UBS Group raised Total System Services from a “market perform” rating to an “outperform” rating in a research report on Thursday, September 6th. Zacks Investment Research downgraded Total System Services from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. Finally, BMO Capital Markets initiated coverage on Total System Services in a research note on Wednesday, September 26th. They issued a “market perform” rating and a $94.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Total System Services currently has a consensus rating of “Buy” and a consensus price target of $96.11.
In related news, EVP Patricia A. Watson sold 15,332 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $93.30, for a total transaction of $1,430,475.60. Following the completion of the sale, the executive vice president now owns 30,743 shares in the company, valued at $2,868,321.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Dorenda K. Weaver sold 5,009 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $99.00, for a total value of $495,891.00. Following the sale, the executive vice president now owns 44,358 shares of the company’s stock, valued at approximately $4,391,442. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.
Shares of TSS opened at $91.11 on Thursday. The stock has a market capitalization of $16.21 billion, a PE ratio of 28.30, a P/E/G ratio of 1.48 and a beta of 1.17. Total System Services, Inc. has a 1 year low of $70.85 and a 1 year high of $100.39. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.57 and a quick ratio of 2.55.
Total System Services (NYSE:TSS) last posted its earnings results on Tuesday, October 23rd. The credit services provider reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.07. The firm had revenue of $964.60 million during the quarter, compared to analysts’ expectations of $950.55 million. Total System Services had a return on equity of 30.28% and a net margin of 15.93%. The firm’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.88 earnings per share. As a group, sell-side analysts expect that Total System Services, Inc. will post 4.25 EPS for the current year.
Total System Services Profile
Total System Services, Inc provides payment processing, merchant, and related payment services to financial and nonfinancial institutions worldwide. The company operates through three segments: Merchant Solutions, Issuer Solutions, and Netspend. It offers general purpose reloadable prepaid and payroll cards, demand deposit accounts, and other financial service solutions to the underbanked and other consumers and businesses.
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