Oppenheimer Asset Management Inc. decreased its position in shares of Total System Services, Inc. (NYSE:TSS) by 5.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,106 shares of the credit services provider’s stock after selling 431 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Total System Services were worth $578,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Csenge Advisory Group bought a new stake in shares of Total System Services during the third quarter valued at approximately $37,000. Daiwa SB Investments Ltd. bought a new stake in shares of Total System Services during the fourth quarter valued at approximately $38,000. Ipswich Investment Management Co. Inc. bought a new stake in shares of Total System Services during the fourth quarter valued at approximately $45,000. Tributary Capital Management LLC bought a new stake in shares of Total System Services during the fourth quarter valued at approximately $65,000. Finally, Private Capital Group LLC increased its holdings in shares of Total System Services by 151.2% during the fourth quarter. Private Capital Group LLC now owns 819 shares of the credit services provider’s stock valued at $67,000 after acquiring an additional 493 shares in the last quarter. Hedge funds and other institutional investors own 78.55% of the company’s stock.
Shares of NYSE:TSS opened at $91.34 on Tuesday. The company has a market cap of $16.75 billion, a P/E ratio of 21.44, a P/E/G ratio of 1.40 and a beta of 1.09. The company has a debt-to-equity ratio of 1.50, a quick ratio of 2.57 and a current ratio of 2.21. Total System Services, Inc. has a 12-month low of $75.58 and a 12-month high of $100.39.
Several research firms have recently commented on TSS. Zacks Investment Research upgraded Total System Services from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Nomura restated a “buy” rating on shares of Total System Services in a report on Thursday, January 31st. KeyCorp boosted their price objective on Total System Services from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Wednesday, January 30th. Royal Bank of Canada boosted their price objective on Total System Services to $110.00 and gave the company an “in-line” rating in a report on Wednesday, January 30th. Finally, Jefferies Financial Group assumed coverage on Total System Services in a research report on Monday, January 28th. They set a “buy” rating and a $105.00 target price on the stock. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Total System Services currently has a consensus rating of “Buy” and a consensus target price of $98.53.
Total System Services 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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