5,233 Shares in Total System Services, Inc. (TSS) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new position in shares of Total System Services, Inc. (NYSE:TSS) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 5,233 shares of the credit services provider’s stock, valued at approximately $304,000.

Other hedge funds have also bought and sold shares of the company. Bronfman E.L. Rothschild L.P. lifted its holdings in Total System Services by 13.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,959 shares of the credit services provider’s stock worth $114,000 after acquiring an additional 228 shares in the last quarter. Acrospire Investment Management LLC lifted its holdings in Total System Services by 122.2% during the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the credit services provider’s stock worth $117,000 after acquiring an additional 1,100 shares in the last quarter. TLP Group LLC bought a new position in Total System Services during the second quarter worth about $122,000. Texas Yale Capital Corp. bought a new position in Total System Services during the second quarter worth about $205,000. Finally, Doyle Wealth Management bought a new position in Total System Services during the second quarter worth about $205,000. Hedge funds and other institutional investors own 76.18% of the company’s stock.

In related news, Director Philip W. Tomlinson sold 220,974 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $63.65, for a total value of $14,064,995.10. Following the transaction, the director now owns 326,200 shares of the company’s stock, valued at approximately $20,762,630. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Paul M. Todd sold 4,057 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $63.50, for a total transaction of $257,619.50. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by company insiders.

WARNING: This report was posted by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another website, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this report can be accessed at https://www.com-unik.info/2017/10/29/5233-shares-in-total-system-services-inc-tss-acquired-by-dynamic-technology-lab-private-ltd.html.

Several research firms have weighed in on TSS. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Total System Services in a report on Thursday, July 27th. Cowen and Company reiterated a “buy” rating and set a $67.00 target price on shares of Total System Services in a report on Thursday, September 7th. Wedbush began coverage on Total System Services in a report on Thursday, August 3rd. They set an “outperform” rating and a $72.00 target price on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $69.00 target price (up from $67.00) on shares of Total System Services in a report on Wednesday, July 26th. Finally, Wells Fargo & Company lifted their target price on Total System Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $68.80.

Shares of Total System Services, Inc. (NYSE TSS) opened at 70.51 on Friday. Total System Services, Inc. has a 52-week low of $47.01 and a 52-week high of $71.63. The company has a 50 day moving average price of $67.48 and a 200-day moving average price of $62.25. The firm has a market cap of $12.99 billion, a P/E ratio of 34.21 and a beta of 1.12.

Total System Services (NYSE:TSS) last announced its quarterly earnings results on Tuesday, October 24th. The credit services provider reported $0.88 earnings per share 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 analysts’ expectations of $842.30 million. During the same quarter last year, the firm earned $0.71 EPS. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, analysts expect that Total System Services, Inc. will post $3.29 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.

Want to see what other hedge funds are holding TSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Total System Services, Inc. (NYSE:TSS).

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

What are top analysts saying about Total System Services Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Total System Services Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit