AMP Capital Investors Ltd lowered its stake in Total System Services, Inc. (NYSE:TSS) by 32.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 130,729 shares of the credit services provider’s stock after selling 63,808 shares during the period. AMP Capital Investors Ltd owned approximately 0.07% of Total System Services worth $12,795,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in TSS. Fort L.P. purchased a new position in Total System Services during the 2nd quarter valued at about $119,000. Willingdon Wealth Management purchased a new position in Total System Services during the 3rd quarter valued at about $150,000. Piedmont Investment Advisors LLC purchased a new position in Total System Services during the 2nd quarter valued at about $159,000. CENTRAL TRUST Co increased its holdings in Total System Services by 187.9% during the 3rd quarter. CENTRAL TRUST Co now owns 1,647 shares of the credit services provider’s stock valued at $163,000 after purchasing an additional 1,075 shares during the period. Finally, Wetherby Asset Management Inc. purchased a new position in Total System Services during the 3rd quarter valued at about $207,000. Hedge funds and other institutional investors own 76.98% of the company’s stock.
TSS stock opened at $89.46 on Tuesday. Total System Services, Inc. has a fifty-two week low of $72.55 and a fifty-two week high of $100.39. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 1.47. The company has a market cap of $15.94 billion, a price-to-earnings ratio of 27.67, a PEG ratio of 1.45 and a beta of 1.20.
In other Total System Services news, EVP Dorenda K. Weaver sold 5,009 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $99.00, for a total transaction of $495,891.00. Following the transaction, the executive vice president now owns 44,358 shares in the company, valued at approximately $4,391,442. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.40% of the stock is currently owned by corporate insiders.
A number of brokerages recently issued reports on TSS. UBS Group upgraded Total System Services from a “market perform” rating to an “outperform” rating in a report on Thursday, September 6th. Nomura boosted their price target on Total System Services from $107.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, October 24th. Zacks Investment Research upgraded Total System Services from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a report on Friday, October 26th. Wells Fargo & Co boosted their price target on Total System Services from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, October 24th. Finally, BMO Capital Markets began coverage on Total System Services in a report on Wednesday, September 26th. They set a “market perform” rating and a $94.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $96.53.
Total System Services Company Profile
Total System Services, Inc provides payment processing, merchant, and related payment services to financial and nonfinancial institutions worldwide. The company operates through three segments: Merchant Solutions, Issuer Solutions, and Netspend. It offers general purpose reloadable prepaid and payroll cards, demand deposit accounts, and other financial service solutions to the underbanked and other consumers and businesses.
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