Gratus Capital LLC cut its holdings in Total System Services, Inc. (NYSE:TSS) by 32.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,074 shares of the credit services provider’s stock after selling 6,231 shares during the quarter. Gratus Capital LLC’s holdings in Total System Services were worth $1,034,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in TSS. Dimensional Fund Advisors LP grew its position in shares of Total System Services by 10.2% in the second quarter. Dimensional Fund Advisors LP now owns 972,297 shares of the credit services provider’s stock valued at $56,636,000 after purchasing an additional 90,029 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Total System Services in the second quarter valued at approximately $559,000. The Manufacturers Life Insurance Company boosted its position in Total System Services by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 372,518 shares of the credit services provider’s stock worth $21,699,000 after acquiring an additional 6,174 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Total System Services by 3.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 8,536 shares of the credit services provider’s stock worth $497,000 after acquiring an additional 270 shares during the last quarter. Finally, Americafirst Capital Management LLC acquired a new stake in Total System Services during the second quarter worth approximately $501,000. Institutional investors and hedge funds own 76.25% of the company’s stock.
In other news, EVP Patricia A. Watson sold 23,608 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $74.01, for a total value of $1,747,228.08. Following the transaction, the executive vice president now owns 21,112 shares of the company’s stock, valued at approximately $1,562,499.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman M Troy Woods sold 49,540 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $87.81, for a total transaction of $4,350,107.40. Following the completion of the transaction, the chairman now directly owns 369,121 shares in the company, valued at approximately $32,412,515.01. The disclosure for this sale can be found here. In the last quarter, insiders sold 107,150 shares of company stock worth $9,082,385. 2.60% of the stock is owned by company insiders.
Total System Services (NYSE:TSS) last announced its quarterly earnings results on Tuesday, January 23rd. The credit services provider reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.03. The company had revenue of $870.61 million for the quarter, compared to analyst estimates of $848.20 million. Total System Services had a net margin of 11.90% and a return on equity of 26.21%. Total System Services’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter last year, the business earned $0.71 EPS. equities research analysts expect that Total System Services, Inc. will post 3.96 earnings per share for the current year.
A number of analysts recently issued reports on the stock. Stephens restated a “buy” rating and set a $88.00 target price on shares of Total System Services in a research report on Wednesday, January 10th. Jefferies Group raised their target price on shares of Total System Services from $59.00 to $73.00 and gave the stock a “hold” rating in a research report on Monday, October 30th. BMO Capital Markets set a $102.00 target price on shares of Total System Services and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Mizuho restated a “hold” rating and set a $85.00 target price on shares of Total System Services in a research report on Thursday, January 4th. Finally, Citigroup raised their target price on shares of 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 investment analyst has rated the stock with a sell rating, twelve have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Total System Services has an average rating of “Buy” and an average target price of $82.08.
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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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