Total System Services Inc. (TSS) EVP Dorenda K. Weaver Sells 13,781 Shares of Stock
Total System Services Inc. (NYSE:TSS) EVP Dorenda K. Weaver sold 13,781 shares of the stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $51.03, for a total transaction of $703,244.43. Following the completion of the transaction, the executive vice president now owns 43,134 shares in the company, valued at $2,201,128.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Total System Services Inc. (NYSE:TSS) opened at 48.73 on Tuesday. The company has a market cap of $8.96 billion, a P/E ratio of 27.35 and a beta of 1.06. Total System Services Inc. has a one year low of $37.47 and a one year high of $56.69. The company’s 50 day moving average is $48.30 and its 200 day moving average is $50.66.
Total System Services (NYSE:TSS) last released its quarterly earnings data on Tuesday, October 25th. The company reported $0.71 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.71. Total System Services had a net margin of 9.67% and a return on equity of 23.57%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. The business’s revenue was up 62.0% on a year-over-year basis. On average, equities analysts predict that Total System Services Inc. will post $2.81 earnings per share for the current year.
Several research firms have weighed in on TSS. Credit Suisse Group AG set a $58.00 target price on shares of Total System Services and gave the stock a “hold” rating in a report on Wednesday, July 27th. First Analysis upgraded shares of Total System Services from an “equal weight” rating to an “overweight” rating and set a $62.00 target price on the stock in a report on Thursday, July 28th. Jefferies Group reiterated a “hold” rating and issued a $55.00 target price (up from $50.00) on shares of Total System Services in a report on Thursday, July 28th. Morgan Stanley reiterated a “hold” rating and issued a $54.00 target price on shares of Total System Services in a report on Thursday, July 28th. Finally, Zacks Investment Research lowered shares of Total System Services from a “buy” rating to a “hold” rating in a report on Friday, July 29th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $53.73.
Hedge funds have recently made changes to their positions in the stock. Highbridge Capital Management LLC purchased a new stake in shares of Total System Services during the third quarter valued at approximately $8,616,000. Sunriver Management LLC bought a new position in Total System Services during the third quarter valued at $13,015,000. Clinton Group Inc. raised its position in Total System Services by 1,754.9% in the third quarter. Clinton Group Inc. now owns 84,470 shares of the company’s stock valued at $3,983,000 after buying an additional 79,916 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in Total System Services during the third quarter valued at $7,931,000. Finally, Virtus Investment Advisers Inc. bought a new position in Total System Services during the third quarter valued at $275,000. Institutional investors own 71.33% 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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