New Mexico Educational Retirement Board reduced its holdings in Total System Services, Inc. (NYSE: TSS) by 4.4% in the second quarter, according to the company in its most recent disclosure at the SEC. The company had 15,289 shares in the credit provider's shares after selling 700 shares during the quarter. The New Mexico Educational Retirement Board holdings in Total System Services were worth $ 1,292,000 from the most recent submission to the SEC.
A number of other institutional investors have increased or reduced their stake in TSS. Piedmont Investment Advisors LLC acquired a new stake in Total System Services in the second quarter of approximately $ 159,000. Bray Capital Advisors bought a new stake in Total System Services in the second quarter of approximately $ 177,000. Parametrica Management Ltd acquired a new interest in Total System Services in the first quarter of approximately $ 217,000. Eqis Capital Management Inc. purchased a new share in Total System Services in the second quarter of approximately $ 231,000. Finally, in the second quarter, ACG Wealth bought a new stake in Total System Services worth approximately $ 233,000. 76.49% of the shares are held by institutional investors.
NYSE: TSS exchanged $ 0.51 during trading hours on Friday and earned $ 97.14. 707,546 shares of the shares traded by the company compared to the average volume of 1,121,955. The company has a market capitalization of $ 17.63 billion, a price-earnings ratio of 30.17, a PEG ratio of 1.57 and a beta of 1.14. Total System Services, Inc. has a 12 month low of $ 64.56 and a 12 month high of $ 97.82. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.62.
Total System Services (NYSE: TSS) has published its quarterly results for the last time on Tuesday 24 July. The credit service provider reported $ 1.10 earnings per share for the quarter, and beat the consensus estimate of $ 1.07 by $ 0.04. Total System Services had a return on equity of 29.26% and a net margin of 14.39%. The company had sales of $ 956.55 million for the quarter compared with analyst estimates of $ 936.79 million. During the same period of the previous year, the company earned $ 0.85 per share. Total System Services quarterly sales increased by 13.3% year-on-year. stock analysts predict that Total System Services, Inc. 4.2 profit per share for the current year will report.
Several equity research analysts have issued reports on TSS shares. Zacks Investment Research has Total System Services from a & # 39; hold & # 39; credit to a & # 39; buy & # 39; credit was upgraded and a price target of $ 97.00 on the shares was set in a report on Tuesday, June 19. Guggenheim repeated a "buy" rating and published a price target of $ 103.00 on shares of Total System Services in a report on Wednesday, July 25. Nomura repeated a "buy" rating and published a price target of $ 96.00 on shares of Total System Services in a report on Wednesday, July 25. Citigroup increased its price target on Total System Services from $ 104.00 to $ 105.00 and gave the shares a "buy" score in a study letter on Wednesday, July 25th. Finally, Royal Bank of Canada repeated a "buy" rating and set a price target of $ 105.00 on Total System Services shares in a research note on Wednesday, July 25. One research analyst for shares assessed the shares with a sell rating, nine had a hold rating and seventeen awarded a buy-rating to the company's shares. The company has an average rating of "Buy" and an average target price of $ 89.68.
In other news about Total System Services, EPP Patricia A. Watson sold 15.322 shares of the company's 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 transaction, the Executive Vice President now holds directly 30,743 shares of the company's stock, valued at approximately $ 2,868,321.90. The sale was announced in a legal application to the SEC, which is accessible via the SEC website. Business mixers hold 2.40% of the company's shares.
About Total System Services
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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