The Total System Services, Inc. (TSS) Position Decreased by Caisse DE Depot ET Placement DU Quebec, Report finds

The Total System Services, Inc. (TSS) Position Decreased by Caisse DE Depot ET Placement DU Quebec, Report finds

Other institutional investors have also recently added to or reduced their stakes in the company. Wealthsource Partners LLC bought a new position in shares of Total System Services during the second quarter worth about $297,000. BRC Investment Management LLC bought a new position in shares of Total System Services during the second quarter worth about $6,689,000. Schaper Benz & Wise Investment Counsel Inc. WI raised its position in shares of Total System Services by 1.3% in the second quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 38,598 shares of the company’s stock worth $2,050,000 after buying an additional 500 shares during the period. Polaris Greystone Financial Group LLC raised its position in shares of Total System Services by 15.5% in the second quarter. Polaris Greystone Financial Group LLC now owns 333,497 shares of the company’s stock worth $17,712,000 after buying an additional 44,815 shares during the period. Finally, TradeLink Capital LLC bought a new position in shares of Total System Services during the second quarter worth about $210,000. 73.23% of the stock is currently owned by institutional investors.

Caisse DE Depot ET Placement DU Quebec reduced its position in shares of Total System Services, Inc. (NYSE:TSS) by 1.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 185,865 shares of the company’s stock after selling 2,900 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.10% of Total System Services worth $8,764,000 as of its most recent SEC filing.

Shares of Total System Services, Inc. (NYSE:TSS) traded down 0.19% during mid-day trading on Friday, hitting $53.59. The stock had a trading volume of 929,047 shares. Total System Services, Inc. has a 1-year low of $39.72 and a 1-year high of $56.54. The stock’s 50-day moving average is $52.16 and its 200-day moving average is $49.72. The firm has a market capitalization of $9.84 billion, a PE ratio of 30.98 and a beta of 1.00.

Total System Services (NYSE:TSS) last issued its earnings results on Tuesday, January 24th. The company reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.01. The business earned $1.13 billion during the quarter, compared to the consensus estimate of $835.06 million. Total System Services had a return on equity of 24.32% and a net margin of 8.38%. The firm’s revenue for the quarter was up 57.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 earnings per share. Equities analysts expect that Total System Services, Inc. will post $3.12 earnings per share for the current year.

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus raised shares of Total System Services from a “hold” rating to a “buy” rating and boosted their target price for the stock from $57.00 to $60.00 in a research report on Thursday, February 2nd. Zacks Investment Research raised shares of Total System Services from a “sell” rating to a “hold” rating and set a $57.00 target price on the stock in a research report on Thursday, January 26th. Credit Suisse Group boosted their target price on shares of Total System Services from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 25th. BMO Capital Markets assumed coverage on shares of Total System Services in a research report on Thursday, January 5th. They set an “outperform” rating and a $62.00 target price on the stock. Finally, Stephens upgraded shares of Total System Services from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $55.44.

In related news, Director Philip W. Tomlinson sold 55,628 shares of Total System Services stock in a transaction that occurred on Monday, January 30th. The stock was sold at an average price of $50.92, for a total transaction of $2,832,577.76. Following the transaction, the director now owns 102,900 shares of the company’s stock, valued at $5,239,668. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sidney E. Harris sold 15,826 shares of Total System Services stock in a transaction that occurred on Friday, January 27th. The shares were sold at an average price of $51.18, for a total value of $809,974.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 169,296 shares of company stock valued at $8,638,738. Corporate insiders own 2.60% of the company’s stock.

About Total System Services

Total System Services, Inc (TSYS) is a payment solutions provider that provides services to financial and nonfinancial institutions. The Company’s segments include North America Services, Merchant Services, NetSpend and International Services. The Company also provides processing services, acquiring solutions, related systems and integrated support services to merchant acquirers and merchants.

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