Crossmark Global Holdings Inc. Trims Position in Total System Services, Inc. (TSS)

Crossmark Global Holdings Inc. lessened its position in shares of Total System Services, Inc. (NYSE:TSS) by 2.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,192 shares of the credit services provider’s stock after selling 566 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Total System Services were worth $2,685,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of TSS. Cedar Capital LLC increased its position in Total System Services by 36.1% in the third quarter. Cedar Capital LLC now owns 9,096 shares of the credit services provider’s stock worth $898,000 after buying an additional 2,413 shares in the last quarter. Piedmont Investment Advisors Inc. increased its position in Total System Services by 828.6% in the third quarter. Piedmont Investment Advisors Inc. now owns 17,448 shares of the credit services provider’s stock worth $1,723,000 after buying an additional 15,569 shares in the last quarter. Norinchukin Bank The increased its position in Total System Services by 14.8% in the third quarter. Norinchukin Bank The now owns 21,585 shares of the credit services provider’s stock worth $2,131,000 after buying an additional 2,788 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in Total System Services by 47.0% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 37,306 shares of the credit services provider’s stock worth $3,684,000 after buying an additional 11,923 shares in the last quarter. Finally, Zeke Capital Advisors LLC purchased a new stake in Total System Services in the third quarter worth about $2,467,000. Institutional investors own 75.49% of the company’s stock.

NYSE:TSS opened at $82.69 on Friday. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.57 and a quick ratio of 2.57. Total System Services, Inc. has a 12-month low of $71.70 and a 12-month high of $100.39. The stock has a market cap of $15.29 billion, a P/E ratio of 25.68, a price-to-earnings-growth ratio of 1.39 and a beta of 1.21.

Total System Services (NYSE:TSS) last released its earnings results on Tuesday, October 23rd. The credit services provider reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $950.55 million. During the same quarter last year, the business posted $0.88 earnings per share. The firm’s revenue was up 13.1% on a year-over-year basis. As a group, research analysts anticipate that Total System Services, Inc. will post 4.25 EPS for the current year.

In related news, EVP Dorenda K. Weaver sold 5,009 shares of the stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $99.00, for a total transaction of $495,891.00. Following the completion of the sale, the executive vice president now owns 44,358 shares in the company, valued at $4,391,442. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.40% of the company’s stock.

A number of analysts have commented on the company. Zacks Investment Research cut Total System Services from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. BMO Capital Markets assumed coverage on Total System Services in a research report on Wednesday, September 26th. They issued a “market perform” rating and a $94.00 price target for the company. Citigroup upped their price target on Total System Services from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, October 5th. Oppenheimer upgraded 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 upgraded Total System Services from a “market perform” rating to an “outperform” rating in a research report on Thursday, September 6th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $96.53.

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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.

Further Reading: Relative Strength Index

Institutional Ownership by Quarter for Total System Services (NYSE:TSS)

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