Xact Kapitalforvaltning AB bought a new stake in shares of Total System Services, Inc. (NYSE:TSS) during the third quarter, Holdings Channel reports. The fund bought 27,553 shares of the company’s stock, valued at approximately $1,299,000.
A number of other large investors have also recently added to or reduced their stakes in TSS. Nordea Investment Management AB boosted its stake in Total System Services by 15.9% in the third quarter. Nordea Investment Management AB now owns 5,031,856 shares of the company’s stock valued at $237,252,000 after buying an additional 688,748 shares during the last quarter. Boston Partners boosted its stake in Total System Services by 5.8% in the third quarter. Boston Partners now owns 4,536,630 shares of the company’s stock valued at $213,902,000 after buying an additional 247,084 shares during the last quarter. BlackRock Fund Advisors boosted its stake in Total System Services by 1.9% in the third quarter. BlackRock Fund Advisors now owns 2,775,902 shares of the company’s stock valued at $130,884,000 after buying an additional 50,469 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Total System Services by 206.1% in the third quarter. Wells Fargo & Company MN now owns 2,282,429 shares of the company’s stock valued at $107,617,000 after buying an additional 1,536,670 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Total System Services by 8.7% in the third quarter. Bank of New York Mellon Corp now owns 1,616,600 shares of the company’s stock valued at $76,222,000 after buying an additional 129,469 shares during the last quarter. Hedge funds and other institutional investors own 73.23% of the company’s stock.
Shares of Total System Services, Inc. (NYSE:TSS) traded down 0.19% on Friday, reaching $53.59. The company’s stock had a trading volume of 929,047 shares. The firm’s 50 day moving average is $52.16 and its 200-day moving average is $49.72. The stock has a market cap of $9.84 billion, a P/E ratio of 30.98 and a beta of 1.00. Total System Services, Inc. has a 52-week low of $39.72 and a 52-week high of $56.54.
Total System Services (NYSE:TSS) last announced its quarterly earnings results on Tuesday, January 24th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.01. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $835.06 million. Total System Services had a return on equity of 24.32% and a net margin of 8.38%. The company’s quarterly revenue was up 57.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 earnings per share. On average, equities research analysts forecast that Total System Services, Inc. will post $3.12 EPS for the current year.
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TSS has been the topic of several research reports. KeyCorp restated an “overweight” rating and issued a $58.00 target price on shares of Total System Services in a research note on Wednesday, December 21st. Pacific Crest started coverage on Total System Services in a research note on Thursday, December 15th. They issued an “overweight” rating and a $58.00 target price on the stock. Credit Suisse Group boosted their price target on Total System Services from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 25th. Stephens raised Total System Services from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 3rd. Finally, Zacks Investment Research raised Total System Services from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Wednesday, December 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $55.44.
In other news, Director Philip W. Tomlinson sold 55,628 shares of the firm’s stock in a transaction that occurred on Monday, January 30th. The stock was sold at an average price of $50.92, for a total value of $2,832,577.76. Following the transaction, the director now owns 102,900 shares in the company, valued at $5,239,668. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dorenda K. Weaver sold 4,687 shares of the firm’s stock in a transaction that occurred on Wednesday, February 8th. The shares were sold at an average price of $53.64, for a total value of $251,410.68. Following the completion of the transaction, the executive vice president now owns 43,456 shares in the company, valued at approximately $2,330,979.84. The disclosure for this sale can be found here. Insiders sold 169,296 shares of company stock worth $8,638,738 in the last 90 days. Corporate insiders own 2.60% of the company’s stock.
Total System Services Company Profile
Total System Services, Inc (TSYS) is a payment solutions provider that provides services to financial and nonfinancial institutions. The Company’s segments include North America Services, Merchant Services, NetSpend and International Services. The Company also provides processing services, acquiring solutions, related systems and integrated support services to merchant acquirers and merchants.
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