Measured Wealth Private Client Group LLC acquired a new position in Total System Services, Inc. (NYSE:TSS) during the first quarter, HoldingsChannel reports. The institutional investor acquired 2,890 shares of the credit services provider’s stock, valued at approximately $275,000.
A number of other institutional investors have also recently bought and sold shares of TSS. Laurel Wealth Advisors LLC bought a new position in shares of Total System Services during the fourth quarter valued at approximately $28,000. Patriot Financial Group Insurance Agency LLC bought a new position in shares of Total System Services during the first quarter valued at approximately $33,000. Liberty Wealth Management LLC bought a new position in shares of Total System Services during the fourth quarter valued at approximately $34,000. Daiwa SB Investments Ltd. bought a new position in shares of Total System Services during the fourth quarter valued at approximately $38,000. Finally, Exane Asset Management bought a new position in shares of Total System Services during the fourth quarter valued at approximately $41,000. 80.31% of the stock is currently owned by institutional investors.
In related news, EVP Patricia A. Watson sold 37,519 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $93.79, for a total transaction of $3,518,907.01. Following the completion of the sale, the executive vice president now owns 23,450 shares of the company’s stock, valued at $2,199,375.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.00% of the company’s stock.
NYSE:TSS opened at $100.44 on Friday. Total System Services, Inc. has a 52 week low of $75.58 and a 52 week high of $102.67. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.17 and a quick ratio of 2.17. The company has a market cap of $17.83 billion, a P/E ratio of 23.58, a PEG ratio of 1.76 and a beta of 1.12.
Total System Services (NYSE:TSS) last posted its earnings results on Tuesday, April 23rd. The credit services provider reported $1.15 EPS for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.03. Total System Services had a net margin of 14.63% and a return on equity of 31.25%. The company had revenue of $980.30 million during the quarter, compared to analysts’ expectations of $998.73 million. During the same quarter in the prior year, the company posted $1.13 earnings per share. Total System Services’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, equities analysts anticipate that Total System Services, Inc. will post 4.63 EPS for the current fiscal year.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Total System Services from a “sell” rating to a “hold” rating in a research note on Thursday, February 28th. ValuEngine upgraded shares of Total System Services from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. KeyCorp increased their price objective on shares of 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, BMO Capital Markets increased their price objective on shares of Total System Services from $100.00 to $103.00 and gave the company a “market perform” rating in a research note on Thursday, April 25th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $101.27.
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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