O Shaughnessy Asset Management LLC lowered its stake in shares of Total System Services, Inc. (NYSE:TSS) by 5.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 150,196 shares of the credit services provider’s stock after selling 8,428 shares during the period. O Shaughnessy Asset Management LLC owned about 0.08% of Total System Services worth $14,830,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fort L.P. purchased a new position in shares of Total System Services during the 2nd quarter valued at about $119,000. Willingdon Wealth Management purchased a new position in shares of Total System Services during the 3rd quarter valued at about $150,000. CENTRAL TRUST Co raised its stake in shares of Total System Services by 187.9% during the 3rd quarter. CENTRAL TRUST Co now owns 1,647 shares of the credit services provider’s stock valued at $163,000 after buying an additional 1,075 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of Total System Services during the 2nd quarter valued at about $159,000. Finally, Bray Capital Advisors purchased a new position in shares of Total System Services during the 2nd quarter valued at about $177,000. Institutional investors and hedge funds own 76.92% of the company’s stock.
Shares of Total System Services stock opened at $91.97 on Friday. The company has a quick ratio of 2.55, a current ratio of 2.57 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. The stock has a market capitalization of $16.96 billion, a P/E ratio of 23.07, a price-to-earnings-growth ratio of 1.55 and a beta of 1.21.
Total System Services (NYSE:TSS) last announced 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. Total System Services had a return on equity of 30.28% and a net margin of 15.93%. The firm had revenue of $964.60 million during the quarter, compared to analyst estimates of $950.55 million. During the same quarter in the previous year, the business earned $0.88 EPS. Total System Services’s revenue for the quarter was up 13.1% compared to the same quarter last year. Analysts forecast that Total System Services, Inc. will post 4.25 earnings per share for the current fiscal year.
In related news, EVP Dorenda K. Weaver sold 5,009 shares of Total System Services stock in a transaction dated 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 directly owns 44,358 shares in the company, valued at approximately $4,391,442. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.40% of the company’s stock.
TSS has been the subject of a number of recent research reports. Citigroup lifted their price objective on Total System Services from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, October 5th. Morgan Stanley lifted their price target on Total System Services from $92.00 to $94.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 25th. Zacks Investment Research lowered Total System Services from a “buy” rating to a “hold” rating in a research note on Tuesday, September 18th. BMO Capital Markets lifted their price target on Total System Services from $94.00 to $101.00 and gave the company a “market perform” rating in a research note on Thursday, October 25th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $105.00 price target on shares of Total System Services in a research note on Wednesday, July 25th. Seven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $96.11.
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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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