Ffcm LLC cut its position in shares of Total System Services, Inc. (NYSE:TSS) by 34.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,967 shares of the credit services provider’s stock after selling 6,313 shares during the quarter. Ffcm LLC’s holdings in Total System Services were worth $1,179,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Point72 Hong Kong Ltd lifted its stake in Total System Services by 558.5% during the second quarter. Point72 Hong Kong Ltd now owns 10,115 shares of the credit services provider’s stock valued at $855,000 after buying an additional 8,579 shares in the last quarter. US Bancorp DE lifted its position in shares of Total System Services by 2.2% in the second quarter. US Bancorp DE now owns 33,162 shares of the credit services provider’s stock worth $2,803,000 after purchasing an additional 724 shares in the last quarter. Natixis lifted its position in shares of Total System Services by 261.5% in the second quarter. Natixis now owns 319,055 shares of the credit services provider’s stock worth $26,967,000 after purchasing an additional 230,806 shares in the last quarter. Morgan Stanley lifted its position in shares of Total System Services by 6.4% in the second quarter. Morgan Stanley now owns 478,003 shares of the credit services provider’s stock worth $40,402,000 after purchasing an additional 28,715 shares in the last quarter. Finally, Breakline Capital LLC purchased a new stake in shares of Total System Services in the second quarter worth approximately $2,656,000. 76.20% of the stock is owned by institutional investors.
In other Total System Services news, EVP Dorenda K. Weaver sold 5,009 shares of the stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $99.00, for a total transaction of $495,891.00. Following the transaction, the executive vice president now owns 44,358 shares in the company, valued at $4,391,442. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.40% of the company’s stock.
Total System Services (NYSE:TSS) last released its quarterly earnings data on Tuesday, October 23rd. The credit services provider reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.07. Total System Services had a return on equity of 30.28% and a net margin of 15.93%. The firm had revenue of $964.60 million for the quarter, compared to the consensus estimate of $950.55 million. During the same quarter in the prior year, the company posted $0.88 earnings per share. The firm’s revenue was up 13.1% on a year-over-year basis. On average, sell-side analysts anticipate that Total System Services, Inc. will post 4.25 EPS for the current year.
A number of analysts have recently issued reports on TSS shares. Barclays started coverage on shares of Total System Services in a research report on Wednesday. They issued an “overweight” rating for the company. Nomura reissued a “buy” rating and issued a $96.00 price target on shares of Total System Services in a research report on Wednesday, July 25th. Zacks Investment Research raised shares of Total System Services from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a research report on Monday, July 30th. Oppenheimer raised shares of Total System Services from a “market perform” rating to an “outperform” rating and set a $110.00 price target for the company in a research report on Thursday, September 6th. Finally, UBS Group raised shares of Total System Services from a “market perform” rating to an “outperform” rating in a research report on Thursday, September 6th. Seven investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $96.11.
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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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