Investors Sell Total System Services (TSS) on Strength (TSS)

Investors sold shares of Total System Services, Inc. (NYSE:TSS) on strength during trading hours on Thursday. $24.98 million flowed into the stock on the tick-up and $96.19 million flowed out of the stock on the tick-down, for a money net flow of $71.21 million out of the stock. Of all companies tracked, Total System Services had the 0th highest net out-flow for the day. Total System Services traded up $0.44 for the day and closed at $83.79

Several research analysts have weighed in on TSS shares. Zacks Investment Research upgraded shares of Total System Services from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research report on Thursday. Barclays started coverage on shares of Total System Services in a research report on Wednesday, November 14th. They issued an “overweight” rating and a $113.00 price target on the stock. Oppenheimer upgraded shares of Total System Services from a “market perform” rating to an “outperform” rating and set a $110.00 price target on the stock in a research report on Thursday, September 6th. Nomura increased their price target on shares of Total System Services from $96.00 to $107.00 and gave the stock a “buy” rating in a research report on Tuesday, August 21st. Finally, UBS Group upgraded shares of Total System Services from a “market perform” rating to an “outperform” rating in a research report on Thursday, September 6th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $96.53.

The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.57 and a current ratio of 2.57. The company has a market capitalization of $15.29 billion, a PE 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 announced its quarterly earnings data on Tuesday, October 23rd. The credit services provider reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.07. The firm had revenue of $964.60 million during the quarter, compared to analysts’ expectations of $950.55 million. Total System Services had a net margin of 15.93% and a return on equity of 30.28%. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.88 earnings per share. As a group, analysts anticipate that Total System Services, Inc. will post 4.25 EPS for the current fiscal year.

In other news, EVP Dorenda K. Weaver sold 5,009 shares of the stock in a transaction on Friday, September 14th. The shares were sold at an average price of $99.00, for a total value of $495,891.00. Following the completion of the sale, the executive vice president now directly owns 44,358 shares of the company’s stock, valued at $4,391,442. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.40% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of TSS. Janus Henderson Group PLC grew its stake in Total System Services by 56.5% during the second 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. BlackRock Inc. grew its stake in Total System Services by 4.9% during the third quarter. BlackRock Inc. now owns 12,662,032 shares of the credit services provider’s stock valued at $1,250,251,000 after acquiring an additional 593,390 shares in the last quarter. Renaissance Technologies LLC grew its stake in Total System Services by 699.1% during the third quarter. Renaissance Technologies LLC now owns 393,665 shares of the credit services provider’s stock valued at $38,870,000 after acquiring an additional 344,400 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Total System Services by 53.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 885,306 shares of the credit services provider’s stock valued at $87,416,000 after acquiring an additional 307,042 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in Total System Services by 2,822,000.0% during the third quarter. Canada Pension Plan Investment Board now owns 282,210 shares of the credit services provider’s stock valued at $27,865,000 after acquiring an additional 282,200 shares in the last quarter. 75.49% of the stock is owned by institutional investors.

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Total System Services Company Profile (NYSE:TSS)

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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