Columbus Circle Investors bought a new position in shares of Total System Services, Inc. (NYSE:TSS) in the second quarter, Holdings Channel.com reports. The institutional investor bought 132,176 shares of the credit services provider’s stock, valued at approximately $16,954,000.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Candriam Luxembourg S.C.A. acquired a new position in Total System Services in the second quarter valued at approximately $14,347,000. Kavar Capital Partners LLC acquired a new position in Total System Services in the second quarter valued at approximately $151,000. DekaBank Deutsche Girozentrale lifted its holdings in Total System Services by 18.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 153,548 shares of the credit services provider’s stock valued at $19,759,000 after acquiring an additional 24,193 shares during the period. Advisory Services Network LLC lifted its holdings in Total System Services by 18.5% in the second quarter. Advisory Services Network LLC now owns 5,018 shares of the credit services provider’s stock valued at $644,000 after acquiring an additional 782 shares during the period. Finally, Coastal Investment Advisors Inc. acquired a new position in Total System Services in the second quarter valued at approximately $26,000. 75.45% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on TSS. Barclays boosted their price target on Total System Services from $146.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, August 5th. BMO Capital Markets boosted their price target on Total System Services to $121.00 and gave the company a “market perform” rating in a report on Thursday, May 30th. Cowen downgraded Total System Services from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 29th. Guggenheim downgraded Total System Services from a “buy” rating to a “neutral” rating in a report on Thursday, May 30th. Finally, Robert W. Baird set a $148.00 price target on Total System Services and gave the company a “buy” rating in a report on Friday, July 19th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Total System Services presently has an average rating of “Buy” and an average target price of $115.67.
Shares of NYSE:TSS opened at $126.29 on Friday. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 1.69. The business has a fifty day moving average of $131.02 and a two-hundred day moving average of $110.01. The stock has a market cap of $22.66 billion, a P/E ratio of 29.65, a PEG ratio of 2.27 and a beta of 0.83. Total System Services, Inc. has a 52-week low of $75.58 and a 52-week high of $138.66.
Total System Services (NYSE:TSS) last issued its earnings results on Wednesday, July 31st. The credit services provider reported $1.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.06. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Total System Services had a return on equity of 32.26% and a net margin of 15.03%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.11 EPS. On average, equities analysts anticipate that Total System Services, Inc. will post 4.64 earnings per share for the current year.
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.
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