Aviva PLC reduced its shareholdings of Total System Services, Inc. (NYSE: TSS) by 1.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The company owned 90,552 shares in the lending capital of the lender after selling 1,688 shares during the quarter. The interests of Aviva PLC in Total System Services were worth $ 7,653,000 at the end of the most recent quarter.
A number of other major investors have also changed their positions in TSS. Traynor Capital Management Inc. increased its shareholdings in Total System Services by 4.8% in the first quarter. Traynor Capital Management Inc. now owns 13,160 shares in the credit provider's shares with a value of $ 1,135,000 after the purchase of an additional 601 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings of Total System Services by 0.3% in the 1st quarter. The State Board of Administration of the Florida Retirement System now owns 258,111 shares of the credit service provider share worth $ 22,265,000 after buying 686 additional shares in the last quarter. Creative Planning increased its shareholdings in Total System Services by 0.4% in the second quarter. Creative Planning now holds 193,890 shares of the lender's share in value worth $ 16,388,000 after buying another 771 shares in the last quarter. Daiwa Securities Group Inc. increased shareholdings of Total System Services by 15.5% in the 2nd quarter. Daiwa Securities Group Inc. now holds 6,046 shares of the credit provider's shareholding worth $ 511,000 after buying another 810 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its participations in Total System Services by 14.3% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 9,269 shares in the lender's share capital with a value of $ 800,000 after the purchase of 1,160 additional shares in the last quarter. Hedge funds and other institutional investors hold 76.49% of the company's shares.
Shares of Total System Services shares traded $ 0.51 during trading on Friday and reached $ 97.14. The share had a trading volume of 707,546 shares, compared with the average volume of 1,156,756. The company has a market capitalization of $ 17.68 billion, a price-earnings ratio of 30.17, a price-earnings ratio of 1.58 and a beta of 1.14. Total System Services, Inc. has a low of 52 weeks of $ 64.56 and a maximum of 52 weeks of $ 97.82. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.55 and a quick ratio of 2.55.
Total System Services (NYSE: TSS) has last published the quarterly results on Tuesday 24 July. The credit service provider reported $ 1.11 per quarter for the quarter and defeated analysts' consensus estimates of $ 1.07 by $ 0.04. The company had sales of $ 956.55 million for the quarter compared with analyst estimates of $ 936.79 million. Total System Services had a return on equity of 29.26% and a net margin of 14.39%. The quarterly turnover of the company increased by 13.3% compared to the same quarter last year. During the same period last year the company scored $ 0.85 per share. stock analysts expect Total System Services, Inc. 4.2 EPS for the current year.
A number of research firms have recently weighed on TSS. Robert W. Baird raised his price target for Total System Services from $ 100.00 to $ 102.00 and gave the company an "outperform" rating on July 25 in a report. Royal Bank of Canada again confirmed a "buy" rating and set a price target of $ 105.00 on shares of Total System Services in a report on Wednesday, July 25. Raymond James assumed coverage on Total System Services in a study letter on Friday, June 15th. They gave a "market perform" rating and a target price of $ 35.00 for the company. Zacks Investment Research increased Total System Services from a & # 39; hold & # 39; credit to a & # 39; buy & # 39; -rating and set a target price of $ 97.00 for the company in a research report on Tuesday, June 19. Finally, Wolfe Research accepted the coverage of Total System Services in a research note on Tuesday, July 17. They have issued an "outperform" rating for the company. One equity research analyst assessed the shares with a sell rating, nine had a hold rating and seventeen assigned a buy-rating to the company. The company has an average rating of & # 39; Buy & # 39; and an average price target of $ 89.68.
In related news, EVP Patricia A. Watson sold 15.322 shares of Total System Services shares in a transaction on Monday, August 6th. The stock was sold at an average price of $ 93.30 for a total value of $ 1,430,475.60. After the sale, the Executive Vice President now owns 30,743 shares of the company's stock, valued at $ 2,868,321.90. The transaction has been disclosed in a document submitted to the SEC, which is available via this hyperlink. 2.40% of the stock is currently in the possession of insiders.
Total System Services Profile
Total System Services, Inc. provides payment processing, merchant and related payment services to financial and non-financial institutions around the world. The company operates in three segments: Merchant Solutions, Issuer Solutions and Netspend. It offers general rechargeable prepaid and payroll cards, demand deposit accounts and other financial service solutions for undervalued and other consumers and businesses.
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