Fisher Asset Management LLC Decreases Position in Total System Services Inc. (TSS)
Fisher Asset Management LLC lowered its stake in shares of Total System Services Inc. (NYSE:TSS) by 10.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 476,892 shares of the company’s stock after selling 53,220 shares during the period. Fisher Asset Management LLC owned approximately 0.26% of Total System Services worth $22,485,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in TSS. Mizuho Asset Management Co. Ltd. raised its position in shares of Total System Services by 40.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,039 shares of the company’s stock valued at $108,000 after buying an additional 583 shares in the last quarter. Kanaly Trust Co raised its position in shares of Total System Services by 66.7% in the second quarter. Kanaly Trust Co now owns 2,400 shares of the company’s stock valued at $127,000 after buying an additional 960 shares in the last quarter. CWM LLC bought a new position in shares of Total System Services during the second quarter valued at $159,000. Pacer Advisors Inc. raised its position in shares of Total System Services by 13.1% in the second quarter. Pacer Advisors Inc. now owns 3,514 shares of the company’s stock valued at $187,000 after buying an additional 408 shares in the last quarter. Finally, Laurion Capital Management LP bought a new position in shares of Total System Services during the second quarter valued at $202,000. Hedge funds and other institutional investors own 70.94% of the company’s stock.
Total System Services Inc. (NYSE:TSS) traded up 0.14% on Friday, reaching $51.61. 277,077 shares of the company traded hands. The stock has a market capitalization of $9.49 billion, a price-to-earnings ratio of 28.96 and a beta of 1.06. The stock’s 50-day moving average is $49.08 and its 200-day moving average is $50.56. Total System Services Inc. has a 1-year low of $37.47 and a 1-year high of $56.69.
Total System Services (NYSE:TSS) last posted its quarterly earnings data on Tuesday, October 25th. The company reported $0.71 EPS for the quarter, hitting the consensus estimate of $0.71. Total System Services had a net margin of 9.67% and a return on equity of 23.57%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the firm posted $0.78 earnings per share. Total System Services’s quarterly revenue was up 62.0% on a year-over-year basis. Equities research analysts expect that Total System Services Inc. will post $2.81 EPS for the current year.
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Several equities analysts have recently weighed in on the stock. Citigroup Inc. dropped their price objective on shares of Total System Services from $63.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, September 14th. Nomura restated a “buy” rating and issued a $58.00 target price on shares of Total System Services in a report on Monday, October 3rd. Robert W. Baird upgraded shares of Total System Services from a “neutral” rating to an “outperform” rating and set a $60.00 target price on the stock in a report on Friday, August 12th. 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 analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $53.73.
In other Total System Services news, insider William A. Pruett sold 57,905 shares of Total System Services stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $49.34, for a total value of $2,857,032.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Philip W. Tomlinson sold 94,317 shares of Total System Services stock in a transaction dated Thursday, November 3rd. The stock was sold at an average price of $48.53, for a total transaction of $4,577,204.01. Following the completion of the transaction, the director now directly owns 197,966 shares of the company’s stock, valued at $9,607,289.98. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.
Total System Services Company Profile
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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