Korea Investment CORP purchased a new stake in shares of Total System Services, Inc. (NYSE:TSS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 21,600 shares of the credit services provider’s stock, valued at approximately $1,155,000.
A number of other hedge funds have also recently bought and sold shares of the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in Total System Services during the fourth quarter valued at $111,000. Federated Investors Inc. PA increased its stake in Total System Services by 11.0% in the fourth quarter. Federated Investors Inc. PA now owns 3,935 shares of the credit services provider’s stock valued at $193,000 after buying an additional 391 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in Total System Services by 4.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,412 shares of the credit services provider’s stock valued at $221,000 after buying an additional 176 shares during the last quarter. Cetera Advisors LLC increased its stake in Total System Services by 2.8% in the third quarter. Cetera Advisors LLC now owns 4,421 shares of the credit services provider’s stock valued at $207,000 after buying an additional 121 shares during the last quarter. Finally, Parametrica Management Ltd purchased a new stake in Total System Services during the first quarter valued at $245,000. Institutional investors and hedge funds own 71.48% of the company’s stock.
Total System Services, Inc. (NYSE:TSS) opened at 58.50 on Friday. The firm has a market cap of $10.77 billion, a PE ratio of 32.27 and a beta of 1.00. The company has a 50-day moving average price of $55.51 and a 200-day moving average price of $52.76. Total System Services, Inc. has a 12-month low of $46.22 and a 12-month high of $58.97.
Total System Services (NYSE:TSS) last announced its quarterly earnings data on Tuesday, April 25th. The credit services provider reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.02. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. Total System Services had a net margin of 8.38% and a return on equity of 24.32%. The firm’s revenue was up 62.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 earnings per share. On average, equities analysts predict that Total System Services, Inc. will post $3.24 earnings per share for the current year.
Several research firms have weighed in on TSS. Goldman Sachs Group Inc upgraded Total System Services from a “neutral” rating to a “buy” rating in a research note on Monday, May 15th. Pacific Crest reiterated an “overweight” rating and set a $58.00 price target on shares of Total System Services in a research note on Monday, April 24th. First Analysis downgraded Total System Services from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $60.00 to $63.00 in a research note on Wednesday, May 3rd. They noted that the move was a valuation call. Zacks Investment Research cut Total System Services from a “buy” rating to a “hold” rating in a report on Tuesday, February 28th. Finally, Atlantic Securities reissued a “neutral” rating and issued a $59.00 price objective on shares of Total System Services in a report on Wednesday, April 12th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $59.87.
In related news, Chairman M Troy Woods sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $57.30, for a total value of $372,450.00. Following the completion of the sale, the chairman now owns 285,966 shares in the company, valued at $16,385,851.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.60% of the stock is owned by company insiders.
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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