ETF Managers Group LLC boosted its position in shares of Total System Services, Inc. (NYSE:TSS) by 8.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,125 shares of the credit services provider’s stock after buying an additional 11,405 shares during the period. ETF Managers Group LLC’s holdings in Total System Services were worth $13,313,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in shares of Total System Services during the 1st quarter worth approximately $779,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Total System Services during the 1st quarter worth approximately $275,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Total System Services by 3.9% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,515 shares of the credit services provider’s stock worth $904,000 after purchasing an additional 358 shares during the last quarter. Cedar Capital LLC boosted its holdings in shares of Total System Services by 7.5% during the 1st quarter. Cedar Capital LLC now owns 8,464 shares of the credit services provider’s stock worth $804,000 after purchasing an additional 594 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its holdings in shares of Total System Services by 2.2% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 11,897 shares of the credit services provider’s stock worth $1,130,000 after purchasing an additional 255 shares during the last quarter. Institutional investors own 80.31% of the company’s stock.
In related news, EVP Patricia A. Watson sold 37,519 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $93.79, for a total value of $3,518,907.01. Following the transaction, the executive vice president now directly owns 23,450 shares in the company, valued at $2,199,375.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.00% of the company’s stock.
Several research analysts have recently weighed in on the company. ValuEngine upgraded Total System Services from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. BMO Capital Markets boosted their target price on Total System Services from $100.00 to $103.00 and gave the stock a “market perform” rating in a report on Thursday, April 25th. KeyCorp boosted their target price on Total System Services from $95.00 to $106.00 and gave the stock an “overweight” rating in a report on Wednesday, April 24th. They noted that the move was a valuation call. Goldman Sachs Group upgraded Total System Services from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $98.00 to $115.00 in a report on Wednesday, April 17th. Finally, Robert W. Baird boosted their target price on Total System Services from $98.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, March 29th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Total System Services currently has an average rating of “Buy” and an average price target of $101.27.
TSS opened at $101.30 on Friday. Total System Services, Inc. has a one year low of $75.58 and a one year high of $102.67. The company has a market capitalization of $17.83 billion, a P/E ratio of 23.78, a price-to-earnings-growth ratio of 1.79 and a beta of 1.12. The company has a debt-to-equity ratio of 1.85, a quick ratio of 2.17 and a current ratio of 2.17.
Total System Services (NYSE:TSS) last released its quarterly earnings data on Tuesday, April 23rd. The credit services provider reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.03. Total System Services had a return on equity of 31.25% and a net margin of 14.63%. The firm had revenue of $980.30 million for the quarter, compared to analysts’ expectations of $998.73 million. During the same period in the prior year, the firm posted $1.13 earnings per share. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, analysts anticipate that Total System Services, Inc. will post 4.63 EPS for the current year.
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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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