Stratos Wealth Partners LTD. Raises Stake in Total System Services, Inc. (TSS)

Stratos Wealth Partners LTD. lifted its position in shares of Total System Services, Inc. (NYSE:TSS) by 184.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 12,660 shares of the credit services provider’s stock after purchasing an additional 8,215 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Total System Services were worth $829,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Total System Services by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 16,532,149 shares of the credit services provider’s stock worth $962,997,000 after purchasing an additional 525,686 shares during the period. Synovus Financial Corp grew its holdings in shares of Total System Services by 1.0% during the 2nd quarter. Synovus Financial Corp now owns 13,709,409 shares of the credit services provider’s stock worth $798,579,000 after purchasing an additional 134,998 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Total System Services by 422.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,395,728 shares of the credit services provider’s stock worth $256,053,000 after purchasing an additional 3,553,887 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Total System Services by 21.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 3,610,449 shares of the credit services provider’s stock worth $210,308,000 after purchasing an additional 649,271 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in shares of Total System Services by 26.5% during the 2nd quarter. Wells Fargo & Company MN now owns 3,222,462 shares of the credit services provider’s stock worth $187,708,000 after purchasing an additional 675,452 shares during the period. Institutional investors and hedge funds own 76.93% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Stratos Wealth Partners LTD. Raises Stake in Total System Services, Inc. (TSS)” was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this article on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright law. The legal version of this article can be read at https://sportsperspectives.com/2017/11/18/stratos-wealth-partners-ltd-raises-stake-in-total-system-services-inc-tss.html.

A number of analysts have recently issued reports on the company. Morgan Stanley reiterated a “hold” rating on shares of Total System Services in a report on Thursday. Wedbush started coverage on Total System Services in a research report on Thursday, August 3rd. They set an “outperform” rating and a $72.00 price target on the stock. Royal Bank Of Canada started coverage on Total System Services in a research report on Monday, August 28th. They set an “outperform” rating and a $75.00 price target on the stock. Robert W. Baird reissued a “buy” rating on shares of Total System Services in a research report on Tuesday, September 26th. Finally, Citigroup Inc. boosted their price target on Total System Services from $71.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $69.36.

Total System Services, Inc. (NYSE:TSS) traded down $0.24 during mid-day trading on Friday, hitting $73.78. The company had a trading volume of 1,010,000 shares, compared to its average volume of 1,180,000. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $13,550.00, a price-to-earnings ratio of 23.38, a P/E/G ratio of 1.80 and a beta of 1.11. Total System Services, Inc. has a twelve month low of $47.01 and a twelve month high of $74.44.

Total System Services (NYSE:TSS) last posted its quarterly earnings results on Tuesday, October 24th. The credit services provider reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.07. The business had revenue of $852.80 million for the quarter, compared to analyst estimates of $842.30 million. Total System Services had a return on equity of 26.25% and a net margin of 8.73%. The business’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.71 EPS. equities research analysts forecast that Total System Services, Inc. will post 3.2 earnings per share for the current fiscal year.

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.

Institutional Ownership by Quarter for Total System Services (NYSE:TSS)

Receive News & Ratings for Total System Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Total System Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply