Caisse DE Depot ET Placement DU Quebec boosted its stake in Total System Services, Inc. (NYSE:TSS) by 0.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 114,865 shares of the credit services provider’s stock after purchasing an additional 900 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.06% of Total System Services worth $7,555,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of TSS. Bronfman E.L. Rothschild L.P. raised its stake in Total System Services by 13.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,959 shares of the credit services provider’s stock valued at $114,000 after purchasing an additional 228 shares in the last quarter. Acrospire Investment Management LLC grew its position in Total System Services by 122.2% in the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the credit services provider’s stock valued at $117,000 after acquiring an additional 1,100 shares during the last quarter. TLP Group LLC bought a new position in Total System Services in the second quarter valued at about $122,000. Parkwood LLC bought a new position in Total System Services in the third quarter valued at about $200,000. Finally, Texas Yale Capital Corp. bought a new position in Total System Services in the second quarter valued at about $205,000. 76.09% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently weighed in on TSS shares. Cowen restated a “buy” rating and set a $67.00 price target on shares of Total System Services in a report on Thursday, September 7th. Robert W. Baird restated a “buy” rating on shares of Total System Services in a report on Tuesday, September 26th. Zacks Investment Research upgraded Total System Services from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a report on Wednesday, August 30th. Royal Bank Of Canada restated a “buy” rating and set a $75.00 price target on shares of Total System Services in a report on Friday, September 29th. Finally, Nomura boosted their price target on Total System Services from $71.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, nine have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $69.36.
Total System Services (NYSE:TSS) last announced its quarterly earnings data on Tuesday, October 24th. The credit services provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.07. The firm had revenue of $852.80 million during the quarter, compared to the consensus estimate 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 for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 EPS. research analysts anticipate that Total System Services, Inc. will post 3.2 EPS for the current fiscal year.
In other 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 transaction of $1,747,228.08. Following the completion of the transaction, the executive vice president now owns 21,112 shares in the company, valued at approximately $1,562,499.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by corporate insiders.
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Total System Services Company Profile
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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