Zweig DiMenna Associates LLC Acquires Shares of 4,200 Total System Services, Inc. (TSS)

Zweig DiMenna Associates LLC acquired a new position in shares of Total System Services, Inc. (NYSE:TSS) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,200 shares of the credit services provider’s stock, valued at approximately $275,000.

Other large investors also recently bought and sold shares of the company. Synovus Financial Corp lifted its stake in shares of Total System Services by 1.0% during the second quarter. Synovus Financial Corp now owns 13,709,409 shares of the credit services provider’s stock worth $798,579,000 after buying an additional 134,998 shares during the period. Nationwide Fund Advisors lifted its stake in shares of Total System Services by 21.4% during the second quarter. Nationwide Fund Advisors now owns 363,203 shares of the credit services provider’s stock worth $21,157,000 after buying an additional 64,038 shares during the period. South Dakota Investment Council acquired a new stake in shares of Total System Services during the second quarter worth $711,000. Gotham Asset Management LLC raised its holdings in shares of Total System Services by 801.6% during the second quarter. Gotham Asset Management LLC now owns 114,449 shares of the credit services provider’s stock worth $6,667,000 after purchasing an additional 101,755 shares during the last quarter. Finally, Aviva PLC raised its holdings in shares of Total System Services by 10.6% during the second quarter. Aviva PLC now owns 106,880 shares of the credit services provider’s stock worth $6,227,000 after purchasing an additional 10,240 shares during the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Shares of Total System Services, Inc. (TSS) opened at $72.55 on Tuesday. Total System Services, Inc. has a 52-week low of $47.01 and a 52-week high of $73.84. The stock has a market cap of $13,297.60, a PE ratio of 23.03, a PEG ratio of 1.77 and a beta of 1.11. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.03 and a quick ratio of 1.03.

Total System Services (NYSE:TSS) last announced its 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. Total System Services had a net margin of 8.73% and a return on equity of 26.25%. The business had revenue of $852.80 million for the quarter, compared to analyst estimates of $842.30 million. During the same quarter last year, the business earned $0.71 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. sell-side analysts forecast that Total System Services, Inc. will post 3.2 EPS for the current year.

Several research analysts recently issued reports on TSS shares. Stifel Nicolaus reissued a “buy” rating and set a $69.00 target price (up previously from $67.00) on shares of Total System Services in a report on Wednesday, July 26th. Cowen and Company reissued an “outperform” rating and set a $67.00 target price on shares of Total System Services in a report on Wednesday, July 26th. Morgan Stanley reissued an “equal weight” rating and set a $63.00 target price (up previously from $58.00) on shares of Total System Services in a report on Wednesday, July 26th. Deutsche Bank AG reissued a “hold” rating and set a $65.00 target price (up previously from $57.00) on shares of Total System Services in a report on Wednesday, July 26th. Finally, BMO Capital Markets raised their target price on shares of Total System Services from $62.90 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $69.36.

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

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