Requisite Capital Management LLC bought a new position in shares of Total System Services, Inc. (NYSE:TSS) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 3,241 shares of the credit services provider’s stock, valued at approximately $416,000.
Other hedge funds have also made changes to their positions in the company. Coastal Investment Advisors Inc. purchased a new stake in Total System Services during the 2nd quarter valued at about $26,000. Berman Capital Advisors LLC grew 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 purchasing an additional 177 shares during the last quarter. Icon Wealth Partners LLC purchased a new stake in Total System Services during the 1st quarter valued at about $32,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in Total System Services during the 1st quarter valued at about $33,000. Finally, Pittenger & Anderson Inc. purchased a new stake in Total System Services during the 1st quarter valued at about $33,000. Hedge funds and other institutional investors own 74.03% of the company’s stock.
Several analysts have weighed in on TSS shares. KeyCorp boosted their price target 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. Guggenheim downgraded Total System Services from a “buy” rating to a “neutral” rating in a research note on Thursday, May 30th. ValuEngine upgraded Total System Services from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Cowen downgraded Total System Services from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 29th. Finally, Barclays boosted their price target on Total System Services from $146.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Total System Services has a consensus rating of “Buy” and a consensus target price of $115.67.
Total System Services (NYSE:TSS) last released its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.06. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Total System Services had a return on equity of 32.26% and a net margin of 15.03%. Total System Services’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.11 EPS. Equities analysts forecast that Total System Services, Inc. will post 4.64 EPS for the current fiscal year.
Total System Services Company 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: 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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