Quantitative Systematic Strategies LLC acquired a new position in shares of Total System Services, Inc. (NYSE: TSS) during the 2nd quarter, according to the latest 13F application to the Securities and Exchange Commission. The fund purchased 15,505 shares of the credit provider's stock, valued at approximately $ 1,310,000.
Other institutional investors have recently changed their holdings to the company. Piedmont Investment Advisors LLC acquired a new position in Total System Services shares in the second quarter of approximately $ 159,000. Bray Capital Advisors acquired a new share in Total System Services worth approximately $ 177,000 in the second quarter. Parametrica Management Ltd acquired a new share of Total System Services worth approximately $ 217,000 during the first quarter. Eqis Capital Management Inc. acquired a new share in Total System Services in the second quarter worth approximately $ 231,000. Finally, in the second quarter, ACG Wealth acquired a new shareholding in Total System Services worth approximately $ 233,000. Institutional investors and hedge funds hold 76.49% of the company's shares.
Several stock research analysts have recently weighed on TSS shares. Zacks Investment Research has the shares of Total System Services from a & # 39; hold & # 39; credit to a & # 39; buy & # 39; credit was upgraded and a target price of $ 97.00 was set for the company in a research report on Tuesday, June 19. Guggenheim repeated a & # 39; buy & # 39; credit and set a target price of $ 103.00 on shares of Total System Services in a study letter on Wednesday, July 25th. Nomura repeated a "buy" rating and published a price target of $ 96.00 on shares of Total System Services in a research report on Wednesday, July 25. Citigroup increased its price target for Total System Services shares from $ 104.00 to $ 105.00 and gave the company a "buy" score in a research report on Wednesday, July 25th. Finally, Royal Bank of Canada repeated a "buy" rating and published a price target of $ 105.00 on shares of Total System Services in a research report on Wednesday, July 25. One investment analyst has rated the shares with a sell rating, nine have given a hold rating and seventeen have assigned a buy-rating to the company. The stock has an average rating of "Buy" and a consensus target price of $ 89.68.
In other news about Total System Services, EPP Patricia A. Watson sold 15,332 shares of Total System Services in a transaction on Monday, August 6. The shares were 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 owns 30,743 shares in the company, valued at approximately $ 2,868,321.90. The sale has been published in a document submitted to the SEC and is accessible via the SEC website. 2.40% of the shares are owned by insiders of companies.
TSS shares exchanged $ 0.51 during afternoon trading on Friday and reached $ 97.14. The share had a trading volume of 707,546 shares, compared with the average volume of 1,121,955. The share has a market capitalization of $ 17.63 billion, a P / E ratio of 25.70, a PEG ratio of 1.57 and a beta of 1.14. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.55 and a current ratio of 2.55. Total System Services, Inc. has a 12 month low of $ 64.56 and a 12 month high of $ 97.82.
Total System Services (NYSE: TSS) has most recently published its results on Tuesday 24 July. The credit service provider posted a profit of $ 1.11 per share this quarter, on top of Thomson Reuters' consensus estimate of $ 1.07 with $ 0.04. The company had sales of $ 956.55 million during the quarter compared with analysts' expectations of $ 936.79 million. Total System Services had a net margin of 14.39% and a return on equity of 29.26%. Total System Services total revenue for the quarter increased by 13.3% year-on-year. In the same period of the previous year, the company earned $ 0.85 EPS. Research analysts predict that Total System Services, Inc. 4.2 profit per share for the current fiscal year will report.
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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