SG Americas Securities LLC increased its stake in Total System Services, Inc. (NYSE:TSS) by 479.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 85,623 shares of the credit services provider’s stock after purchasing an additional 70,838 shares during the period. SG Americas Securities LLC’s holdings in Total System Services were worth $10,983,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Berman Capital Advisors LLC raised its stake in Total System Services by 119.6% during the 1st quarter. Berman Capital Advisors LLC now owns 325 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 177 shares in the last quarter. Icon Wealth Partners LLC bought a new stake in Total System Services during the 1st quarter valued at $32,000. Patriot Financial Group Insurance Agency LLC bought a new stake in Total System Services during the 1st quarter valued at $33,000. Pittenger & Anderson Inc. bought a new stake in Total System Services during the 1st quarter valued at $33,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in Total System Services during the 2nd quarter valued at $33,000. 76.81% of the stock is currently owned by institutional investors and hedge funds.
Shares of TSS stock traded down $0.33 during mid-day trading on Friday, hitting $129.08. 501,691 shares of the stock traded hands, compared to its average volume of 1,243,609. Total System Services, Inc. has a twelve month low of $75.58 and a twelve month high of $138.66. The stock has a market capitalization of $22.91 billion, a price-to-earnings ratio of 30.30, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. The stock’s 50-day simple moving average is $131.19. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 1.69.
TSS has been the topic of several recent analyst reports. Goldman Sachs Group raised Total System Services from a “neutral” rating to a “buy” rating and lifted their target price for the company from $98.00 to $115.00 in a research note on Wednesday, April 17th. Cowen downgraded Total System Services from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 29th. Robert W. Baird set a $148.00 target price on Total System Services and gave the company a “buy” rating in a research note on Friday, July 19th. KeyCorp lifted their target price on Total System Services from $95.00 to $106.00 and gave the company an “overweight” rating in a research note on Wednesday, April 24th. They noted that the move was a valuation call. Finally, ValuEngine raised Total System Services from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Total System Services has a consensus rating of “Buy” and an average price target of $115.67.
About Total System Services
Total System Services, Inc provides payment processing, merchant, and related payment services to financial and nonfinancial institutions worldwide. The company operates through three segments: Issuer Solutions, Merchant Solutions, and Consumer Solutions. 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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