Total System Services, Inc. (TSS) is Augustine Asset Management Inc.’s 10th Largest Position

Augustine Asset Management Inc. raised its stake in Total System Services, Inc. (NYSE:TSS) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,279 shares of the credit services provider’s stock after acquiring an additional 196 shares during the period. Total System Services comprises about 3.0% of Augustine Asset Management Inc.’s investment portfolio, making the stock its 10th largest position. Augustine Asset Management Inc.’s holdings in Total System Services were worth $4,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently made changes to their positions in the business. First Hawaiian Bank grew its position in Total System Services by 2.9% in the fourth quarter. First Hawaiian Bank now owns 5,059 shares of the credit services provider’s stock valued at $411,000 after acquiring an additional 143 shares during the period. Pineno Levin & Ford Asset Management Inc. grew its holdings in shares of Total System Services by 0.3% during the fourth quarter. Pineno Levin & Ford Asset Management Inc. now owns 67,691 shares of the credit services provider’s stock worth $5,503,000 after purchasing an additional 175 shares during the last quarter. Hartford Investment Management Co. grew its holdings in shares of Total System Services by 0.9% during the fourth quarter. Hartford Investment Management Co. now owns 20,693 shares of the credit services provider’s stock worth $1,682,000 after purchasing an additional 182 shares during the last quarter. Dupont Capital Management Corp grew its holdings in shares of Total System Services by 19.6% during the fourth quarter. Dupont Capital Management Corp now owns 1,185 shares of the credit services provider’s stock worth $96,000 after purchasing an additional 194 shares during the last quarter. Finally, Contravisory Investment Management Inc. grew its holdings in shares of Total System Services by 4.0% during the fourth quarter. Contravisory Investment Management Inc. now owns 5,456 shares of the credit services provider’s stock worth $444,000 after purchasing an additional 211 shares during the last quarter. Hedge funds and other institutional investors own 78.55% of the company’s stock.

In other news, CFO Paul M. Todd sold 10,739 shares of the company’s stock in a transaction on Friday, February 8th. The stock was sold at an average price of $91.23, for a total transaction of $979,718.97. Following the transaction, the chief financial officer now owns 62,891 shares of the company’s stock, valued at $5,737,545.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Dorenda K. Weaver sold 2,297 shares of the company’s stock in a transaction on Friday, February 8th. The shares were sold at an average price of $91.23, for a total value of $209,555.31. Following the transaction, the chief accounting officer now directly owns 49,489 shares in the company, valued at approximately $4,514,881.47. The disclosure for this sale can be found here. Insiders have sold 72,121 shares of company stock worth $6,579,599 in the last ninety days. 2.40% of the stock is currently owned by insiders.

Shares of TSS opened at $91.93 on Thursday. The company has a current ratio of 2.21, a quick ratio of 2.57 and a debt-to-equity ratio of 1.50. Total System Services, Inc. has a 12-month low of $75.58 and a 12-month high of $100.39. The firm has a market cap of $16.75 billion, a PE ratio of 21.58, a PEG ratio of 1.40 and a beta of 1.09.

Total System Services (NYSE:TSS) last issued its quarterly earnings results on Tuesday, January 29th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.07. Total System Services had a return on equity of 30.94% and a net margin of 14.31%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $968.62 million. Research analysts anticipate that Total System Services, Inc. will post 4.64 EPS for the current fiscal year.

Several analysts have recently commented on TSS shares. Nomura increased their target price on Total System Services from $107.00 to $109.00 and gave the stock 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 target price on the stock in a report on Friday, October 26th. Jefferies Financial Group started coverage on Total System Services in a report on Monday, January 28th. They set a “buy” rating and a $105.00 target price on the stock. ValuEngine cut Total System Services from a “buy” rating to a “hold” rating in a report on Friday, November 23rd. Finally, Royal Bank of Canada increased their target price on Total System Services to $110.00 and gave the stock an “in-line” rating in a report on Wednesday, January 30th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $98.53.

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

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