Psagot Investment House Ltd. lowered its stake in shares of Total System Services, Inc. (NYSE:TSS) by 2.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 120,390 shares of the credit services provider’s stock after selling 2,830 shares during the period. Psagot Investment House Ltd. owned about 0.07% of Total System Services worth $11,887,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Janus Henderson Group PLC increased its stake in shares of 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 purchasing an additional 1,045,842 shares in the last quarter. Bank of Montreal Can acquired a new stake in Total System Services in the 2nd quarter worth about $34,267,000. Massachusetts Financial Services Co. MA boosted its holdings 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 worth $87,416,000 after buying an additional 307,042 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings 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 worth $42,727,000 after buying an additional 288,101 shares during the last quarter. Finally, Worldquant Millennium Quantitative Strategies LLC acquired a new stake in Total System Services in the 2nd quarter worth about $23,638,000. Institutional investors and hedge funds own 76.92% of the company’s stock.
Several research firms recently issued reports on TSS. Zacks Investment Research cut Total System Services from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. Robert W. Baird lifted their price objective on Total System Services from $100.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, July 25th. Citigroup lifted their price objective on Total System Services from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, October 5th. Wells Fargo & Co lifted their price objective on Total System Services from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, October 24th. Finally, Nomura boosted their target price on Total System Services from $107.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, October 24th. Seven research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $96.11.
Shares of TSS stock traded up $1.66 during trading on Wednesday, hitting $92.27. 3,304 shares of the stock traded hands, compared to its average volume of 1,607,791. The firm has a market cap of $16.52 billion, a PE ratio of 28.66, a PEG ratio of 1.51 and a beta of 1.21. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.55 and a current ratio of 2.57. Total System Services, Inc. has a 52-week low of $70.93 and a 52-week high of $100.39.
Total System Services (NYSE:TSS) last released its quarterly earnings results on Tuesday, October 23rd. The credit services provider reported $1.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.07. The firm had revenue of $964.60 million for the quarter, compared to analyst estimates of $950.55 million. Total System Services had a net margin of 15.93% and a return on equity of 30.28%. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.88 EPS. Equities research analysts predict that Total System Services, Inc. will post 4.25 EPS for the current fiscal year.
In other news, EVP Dorenda K. Weaver sold 5,009 shares of Total System Services stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $99.00, for a total transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.40% of the stock is currently owned by insiders.
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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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