Total System Services, Inc. (TSS) Shares Bought by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd increased its stake in Total System Services, Inc. (NYSE:TSS) by 2.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,292 shares of the credit services provider’s stock after purchasing an additional 1,500 shares during the period. Gulf International Bank UK Ltd’s holdings in Total System Services were worth $5,459,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stratos Wealth Partners LTD. raised its holdings in shares of Total System Services by 156.8% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 10,848 shares of the credit services provider’s stock valued at $1,071,000 after purchasing an additional 6,624 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Total System Services by 9.8% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 17,005 shares of the credit services provider’s stock valued at $1,568,000 after purchasing an additional 1,517 shares during the period. Willingdon Wealth Management bought a new stake in shares of Total System Services in the 3rd quarter valued at about $150,000. Kaizen Advisory LLC raised its holdings in shares of Total System Services by 2,685.5% in the 3rd quarter. Kaizen Advisory LLC now owns 11,170 shares of the credit services provider’s stock valued at $1,103,000 after purchasing an additional 10,769 shares during the period. Finally, Signition LP bought a new stake in shares of Total System Services in the 3rd quarter valued at about $387,000. 76.92% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Total System Services from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a report on Friday, October 26th. Robert W. Baird upped their target price on shares of Total System Services from $100.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, July 25th. Guggenheim reaffirmed a “buy” rating and issued a $103.00 target price on shares of Total System Services in a report on Wednesday, July 25th. Nomura reaffirmed a “buy” rating and issued a $96.00 target price on shares of Total System Services in a report on Wednesday, July 25th. Finally, KeyCorp upped their target price on shares of Total System Services from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, July 25th. Seven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $96.11.

Total System Services stock opened at $91.97 on Friday. The stock has a market capitalization of $16.96 billion, a price-to-earnings ratio of 28.56, a P/E/G ratio of 1.55 and a beta of 1.21. The company has a current ratio of 2.57, a quick ratio of 2.55 and a debt-to-equity ratio of 1.47. Total System Services, Inc. has a twelve month low of $71.67 and a twelve month 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 earnings per share 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 analysts’ expectations 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 was up 13.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 EPS. As a group, equities analysts forecast that Total System Services, Inc. will post 4.25 earnings per share for the current fiscal year.

In other Total System Services news, EVP Dorenda K. Weaver sold 5,009 shares of the stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $99.00, for a total value of $495,891.00. Following the transaction, the executive vice president now directly owns 44,358 shares of the company’s stock, valued at approximately $4,391,442. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.40% of the stock is owned by corporate 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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Institutional Ownership by Quarter for Total System Services (NYSE:TSS)

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