Swiss National Bank Reduces Position in TSYS (TSS)

Swiss National Bank decreased its stake in shares of TSYS (NYSE:TSS) by 13.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 529,818 shares of the credit services provider’s stock after selling 81,100 shares during the quarter. Swiss National Bank owned about 0.29% of TSYS worth $45,702,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TSS. Bank of Montreal Can raised its stake in TSYS by 69.9% during the fourth quarter. Bank of Montreal Can now owns 388,340 shares of the credit services provider’s stock valued at $30,714,000 after purchasing an additional 159,790 shares in the last quarter. National Pension Service raised its stake in TSYS by 36,211.0% during the fourth quarter. National Pension Service now owns 205,520 shares of the credit services provider’s stock valued at $16,255,000 after purchasing an additional 204,954 shares in the last quarter. Capital Investment Advisors LLC raised its stake in TSYS by 6.4% during the fourth quarter. Capital Investment Advisors LLC now owns 19,472 shares of the credit services provider’s stock valued at $1,540,000 after purchasing an additional 1,176 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in TSYS during the fourth quarter valued at $109,000. Finally, State of Alaska Department of Revenue raised its stake in TSYS by 83.9% during the fourth quarter. State of Alaska Department of Revenue now owns 39,238 shares of the credit services provider’s stock valued at $3,101,000 after purchasing an additional 17,900 shares in the last quarter. Hedge funds and other institutional investors own 77.35% of the company’s stock.

NYSE TSS opened at $86.29 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $16.10 billion, a PE ratio of 26.80, a P/E/G ratio of 1.46 and a beta of 1.13. TSYS has a 12 month low of $85.50 and a 12 month high of $86.59.

TSYS (NYSE:TSS) last posted its quarterly earnings results on Tuesday, April 24th. The credit services provider reported $1.13 EPS for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.13. The firm had revenue of $987.20 million for the quarter, compared to analysts’ expectations of $910.10 million. TSYS had a net margin of 13.15% and a return on equity of 28.22%. The business’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 earnings per share. equities research analysts anticipate that TSYS will post 4.16 earnings per share for the current year.

In other news, CAO Dorenda K. Weaver sold 24,160 shares of the company’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $90.11, for a total value of $2,177,057.60. Following the transaction, the chief accounting officer now directly owns 54,969 shares in the company, valued at $4,953,256.59. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Patricia A. Watson sold 15,332 shares of the company’s stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $85.36, for a total transaction of $1,308,739.52. Following the completion of the transaction, the executive vice president now owns 30,213 shares in the company, valued at $2,578,981.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 410,934 shares of company stock worth $36,093,397. Company insiders own 2.40% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. Credit Suisse Group upped their price target on shares of TSYS from $87.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, April 25th. KeyCorp increased their target price on shares of TSYS from $92.00 to $96.00 and gave the company an “overweight” rating in a research note on Monday, April 23rd. Nomura increased their target price on shares of TSYS from $87.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Robert W. Baird increased their target price on shares of TSYS from $90.00 to $94.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Finally, Barclays increased their target price on shares of TSYS from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. TSYS has an average rating of “Buy” and a consensus price target of $88.05.

TSYS 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 TSYS (NYSE:TSS)

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