DekaBank Deutsche Girozentrale Sells 7,829 Shares of Total System Services, Inc. (TSS)
DekaBank Deutsche Girozentrale lessened its holdings in Total System Services, Inc. (NYSE:TSS) by 16.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,874 shares of the credit services provider’s stock after selling 7,829 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Total System Services were worth $2,738,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Bronfman E.L. Rothschild L.P. lifted its position in Total System Services by 13.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,959 shares of the credit services provider’s stock worth $114,000 after purchasing an additional 228 shares during the period. Acrospire Investment Management LLC lifted its position in Total System Services by 122.2% during the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the credit services provider’s stock worth $117,000 after purchasing an additional 1,100 shares during the period. TLP Group LLC bought a new stake in Total System Services during the second quarter worth about $122,000. Parkwood LLC bought a new stake in Total System Services during the third quarter worth about $200,000. Finally, Reliance Trust Co. bought a new stake in Total System Services during the third quarter worth about $211,000. 75.23% of the stock is owned by institutional investors.
Total System Services, Inc. (NYSE:TSS) opened at $74.02 on Wednesday. Total System Services, Inc. has a twelve month low of $47.01 and a twelve month high of $74.44. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $13,490.63, a price-to-earnings ratio of 23.37, a P/E/G ratio of 1.80 and a beta of 1.11.
Total System Services (NYSE:TSS) last issued its earnings results on Tuesday, October 24th. The credit services provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. The company had revenue of $852.80 million for the quarter, compared to analysts’ expectations of $842.30 million. Total System Services had a return on equity of 26.25% and a net margin of 8.73%. Total System Services’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the business earned $0.71 EPS. analysts predict that Total System Services, Inc. will post 3.2 earnings per share for the current year.
Several research firms recently weighed in on TSS. Stifel Nicolaus reaffirmed a “hold” rating and set a $75.00 price objective (up previously from $69.00) on shares of Total System Services in a research report on Wednesday, October 25th. Wedbush began coverage on shares of Total System Services in a research report on Thursday, August 3rd. They set an “outperform” rating and a $72.00 price objective for the company. Zacks Investment Research raised shares of Total System Services from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Tuesday, September 19th. Jefferies Group LLC reissued a “hold” rating and set a $59.00 target price on shares of Total System Services in a research note on Thursday, October 12th. Finally, Barclays PLC boosted their target price on Total System Services from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, nine have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $69.36.
In related news, EVP Patricia A. Watson sold 23,608 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $74.01, for a total value of $1,747,228.08. Following the completion of the sale, the executive vice president now directly owns 21,112 shares of the company’s stock, valued at approximately $1,562,499.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.60% of the company’s stock.
About Total System Services
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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