Martingale Asset Management L P decreased its holdings in shares of Total System Services, Inc. (NYSE:TSS) by 16.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 126,166 shares of the credit services provider’s stock after selling 25,145 shares during the period. Martingale Asset Management L P’s holdings in Total System Services were worth $11,988,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Berman Capital Advisors LLC increased its position 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 period. Laurel Wealth Advisors LLC acquired a new position in shares of Total System Services in the 4th quarter worth approximately $28,000. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Total System Services in the 1st quarter worth approximately $33,000. Liberty Wealth Management LLC acquired a new position in shares of Total System Services in the 4th quarter worth approximately $34,000. Finally, Exane Asset Management acquired a new position in shares of Total System Services in the 4th quarter worth approximately $41,000. 78.33% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently issued reports on TSS shares. Nomura reissued a “buy” rating on shares of Total System Services in a report on Thursday, January 31st. Jefferies Financial Group started coverage on Total System Services in a report on Monday, January 28th. They set a “buy” rating and a $105.00 price target for the company. Goldman Sachs Group raised Total System Services from a “neutral” rating to a “buy” rating and raised their price target for the company from $98.00 to $115.00 in a report on Wednesday, April 17th. ValuEngine raised Total System Services from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Finally, Zacks Investment Research raised Total System Services from a “sell” rating to a “hold” rating in a report on Thursday, February 28th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Total System Services currently has an average rating of “Buy” and a consensus price target of $101.27.
Shares of TSS opened at $113.45 on Friday. The firm has a market capitalization of $20.13 billion, a price-to-earnings ratio of 26.63, a PEG 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, Inc. has a 52 week low of $75.58 and a 52 week high of $117.44.
Total System Services (NYSE:TSS) last announced its quarterly earnings data 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. The firm had revenue of $980.30 million for the quarter, compared to analyst estimates of $998.73 million. Total System Services had a return on equity of 31.25% and a net margin of 14.63%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company earned $1.13 EPS. Analysts forecast that Total System Services, Inc. will post 4.63 EPS for the current year.
In other Total System Services news, EVP Patricia A. Watson sold 37,519 shares of the stock in a transaction 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 approximately $2,199,375.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is currently owned by company insiders.
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.
See Also: Depreciation
Want to see what other hedge funds are holding TSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Total System Services, Inc. (NYSE:TSS).
Receive News & Ratings for Total System Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Total System Services and related companies with MarketBeat.com's FREE daily email newsletter.