Assenagon Asset Management S.A. purchased a new stake in Total System Services, Inc. (NYSE:TSS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 12,925 shares of the credit services provider’s stock, valued at approximately $1,276,000.
A number of other institutional investors have also recently bought and sold shares of TSS. Janus Henderson Group PLC raised its holdings in Total System Services by 56.5% in the 2nd quarter. Janus Henderson Group PLC now owns 2,897,435 shares of the credit services provider’s stock valued at $244,891,000 after acquiring an additional 1,045,842 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of Total System Services in the 2nd quarter valued at approximately $34,267,000. Massachusetts Financial Services Co. MA grew its stake in shares of Total System Services by 53.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 885,306 shares of the credit services provider’s stock valued at $87,416,000 after purchasing an additional 307,042 shares during the period. BNP Paribas Arbitrage SA grew its stake in shares of Total System Services by 132.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 505,526 shares of the credit services provider’s stock valued at $42,727,000 after purchasing an additional 288,101 shares during the period. Finally, Worldquant Millennium Quantitative Strategies LLC bought a new stake in shares of Total System Services in the 2nd quarter valued at approximately $23,638,000. 76.92% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently weighed in on TSS shares. Nomura upped their price objective on Total System Services from $96.00 to $107.00 and gave the company a “buy” rating in a research note on Tuesday, August 21st. Zacks Investment Research upgraded Total System Services from a “hold” rating to a “buy” rating and set a $104.00 price objective on the stock in a research note on Monday, July 30th. Guggenheim reiterated a “buy” rating and issued a $103.00 price objective on shares of Total System Services in a research note on Wednesday, July 25th. Citigroup upped their price objective on Total System Services from $104.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, July 25th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $105.00 price objective on shares of Total System Services in a research note on Wednesday, July 25th. Seven investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $96.11.
NYSE TSS opened at $91.97 on Friday. The company has a market cap of $16.96 billion, a P/E ratio of 28.56, a price-to-earnings-growth ratio of 1.55 and a beta of 1.21. Total System Services, Inc. has a one year low of $71.67 and a one year high of $100.39. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.55 and a current ratio of 2.57.
Total System Services (NYSE:TSS) last released its quarterly earnings results on Tuesday, October 23rd. The credit services provider reported $1.16 EPS for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.07. The business had revenue of $964.60 million for the quarter, compared to analyst estimates of $950.55 million. Total System Services had a return on equity of 30.28% and a net margin of 15.93%. Total System Services’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.88 EPS. Analysts forecast that Total System Services, Inc. will post 4.25 earnings per share for the current fiscal year.
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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