361 Capital LLC cut its position in Total System Services, Inc. (NYSE:TSS) by 1.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,261 shares of the credit services provider’s stock after selling 106 shares during the quarter. 361 Capital LLC’s holdings in Total System Services were worth $595,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of TSS. Laurel Wealth Advisors LLC acquired a new stake in shares of Total System Services during the 4th quarter valued at about $28,000. Patriot Financial Group Insurance Agency LLC bought a new position in Total System Services during the 1st quarter valued at about $33,000. Liberty Wealth Management LLC bought a new position in Total System Services during the 4th quarter valued at about $34,000. Exane Asset Management bought a new position in Total System Services during the 4th quarter valued at about $41,000. Finally, Tributary Capital Management LLC bought a new position in Total System Services during the 4th quarter valued at about $65,000. Institutional investors and hedge funds own 80.31% of the company’s stock.
In other news, EVP Patricia A. Watson sold 37,519 shares of Total System Services stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $93.79, for a total transaction of $3,518,907.01. Following the completion of the sale, the executive vice president now owns 23,450 shares in the company, valued at approximately $2,199,375.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.00% of the stock is owned by insiders.
Total System Services (NYSE:TSS) last issued its quarterly earnings results on Tuesday, April 23rd. The credit services provider reported $1.15 EPS for the quarter, topping the consensus estimate of $1.12 by $0.03. Total System Services had a net margin of 14.63% and a return on equity of 31.25%. The company had revenue of $980.30 million during the quarter, compared to analysts’ expectations of $998.73 million. During the same quarter in the previous year, the company earned $1.13 EPS. Total System Services’s revenue was up 4.8% on a year-over-year basis. As a group, equities research analysts forecast that Total System Services, Inc. will post 4.63 earnings per share for the current fiscal year.
TSS has been the subject of a number of research analyst reports. Jefferies Financial Group initiated coverage on shares of Total System Services in a research note on Monday, January 28th. They issued a “buy” rating and a $105.00 target price for the company. Nomura reaffirmed a “buy” rating on shares of Total System Services in a research note on Thursday, January 31st. Goldman Sachs Group raised shares of Total System Services from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $98.00 to $115.00 in a research note on Wednesday, April 17th. ValuEngine raised shares of Total System Services from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Finally, Zacks Investment Research raised shares of Total System Services from a “sell” rating to a “hold” rating in a research note on Wednesday, January 23rd. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $101.27.
About Total System Services
Total System Services, Inc provides payment processing, merchant, and related payment services to financial and nonfinancial institutions worldwide. The company operates through three segments: Issuer Solutions, Merchant Solutions, and Consumer Solutions. 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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