B. Riley Wealth Management Inc. acquired a new position in Total System Services, Inc. (NYSE:TSS) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,466 shares of the credit services provider’s stock, valued at approximately $737,000.
Several other hedge funds also recently bought and sold shares of TSS. Ancora Advisors LLC bought a new position in Total System Services during the third quarter valued at approximately $111,000. Fort L.P. bought a new position in shares of Total System Services in the second quarter worth approximately $119,000. Willingdon Wealth Management bought a new position in shares of Total System Services in the third quarter worth approximately $150,000. CENTRAL TRUST Co grew its holdings in shares of Total System Services by 187.9% in the third quarter. CENTRAL TRUST Co now owns 1,647 shares of the credit services provider’s stock worth $163,000 after purchasing an additional 1,075 shares during the last quarter. Finally, Wetherby Asset Management Inc. bought a new position in shares of Total System Services in the third quarter worth approximately $207,000. Institutional investors own 76.79% of the company’s stock.
Several research analysts have recently issued reports on TSS shares. Zacks Investment Research upgraded shares of Total System Services from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a report on Friday, October 26th. Nomura raised their price target on Total System Services from $107.00 to $109.00 and gave the stock a “buy” rating in a research note on Wednesday, October 24th. Citigroup raised their price target on Total System Services from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, October 5th. ValuEngine lowered Total System Services from a “buy” rating to a “hold” rating in a research note on Friday, November 23rd. Finally, BMO Capital Markets raised their price target on Total System Services from $94.00 to $101.00 and gave the stock a “market perform” rating in a research note on Thursday, October 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. Total System Services presently has an average rating of “Buy” and an average target price of $96.75.
Shares of NYSE:TSS traded down $1.29 on Friday, hitting $83.49. 1,353,800 shares of the company traded hands, compared to its average volume of 1,556,600. Total System Services, Inc. has a 52 week low of $75.58 and a 52 week high of $100.39. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.57 and a quick ratio of 2.57. The company has a market capitalization of $15.36 billion, a PE ratio of 25.93, a PEG ratio of 1.27 and a beta of 1.14.
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 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 company had revenue of $964.60 million during the quarter, compared to the consensus estimate of $950.55 million. During the same period last year, the company earned $0.88 EPS. Total System Services’s revenue for the quarter was up 13.1% on a year-over-year basis. On average, sell-side analysts anticipate that Total System Services, Inc. will post 4.26 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 2nd. Investors of record on Tuesday, December 18th were issued a $0.13 dividend. The ex-dividend date was Monday, December 17th. This represents a $0.52 annualized dividend and a yield of 0.62%. Total System Services’s payout ratio is 16.15%.
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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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