Dakota Wealth Management Raises Holdings in Total System Services, Inc. (TSS)
Dakota Wealth Management grew its holdings in shares of Total System Services, Inc. (NYSE:TSS) by 41.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,811 shares of the credit services provider’s stock after purchasing an additional 1,705 shares during the period. Dakota Wealth Management’s holdings in Total System Services were worth $574,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Gateway Investment Advisers LLC acquired a new stake in shares of Total System Services in the 2nd quarter worth about $620,000. Bank of Montreal Can acquired a new stake in shares of Total System Services in the 2nd quarter worth about $34,267,000. Calamos Advisors LLC acquired a new stake in shares of Total System Services in the 2nd quarter worth about $19,148,000. Amalgamated Bank increased its holdings in shares of Total System Services by 5.8% in the 2nd quarter. Amalgamated Bank now owns 27,853 shares of the credit services provider’s stock worth $2,354,000 after acquiring an additional 1,534 shares during the period. Finally, Nisa Investment Advisors LLC acquired a new stake in shares of Total System Services in the 2nd quarter worth about $4,533,000. 76.20% of the stock is currently owned by institutional investors.
A number of analysts recently weighed in on TSS shares. Citigroup increased their price objective on shares of Total System Services from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, October 5th. Oppenheimer raised shares of Total System Services from a “market perform” rating to an “outperform” rating and set a $110.00 price objective on the stock in a report on Thursday, September 6th. UBS Group raised shares of Total System Services from a “market perform” rating to an “outperform” rating in a report on Thursday, September 6th. Zacks Investment Research cut shares of Total System Services from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. Finally, BMO Capital Markets started coverage on shares of Total System Services in a report on Wednesday, September 26th. They issued a “market perform” rating and a $94.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Total System Services has an average rating of “Buy” and a consensus price target of $96.11.
Total System Services (NYSE:TSS) last announced its earnings results on Tuesday, October 23rd. The credit services provider reported $1.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.07. The firm had revenue of $964.60 million during the quarter, compared to analyst estimates of $950.55 million. Total System Services had a net margin of 15.93% and a return on equity of 30.28%. Total System Services’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.88 EPS. Equities research analysts expect that Total System Services, Inc. will post 4.25 EPS for the current fiscal year.
In related news, EVP Dorenda K. Weaver sold 5,009 shares of the stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $99.00, for a total value of $495,891.00. Following the completion of the transaction, the executive vice president now owns 44,358 shares in the company, valued at approximately $4,391,442. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.40% of the company’s stock.
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: Merchant Solutions, Issuer Solutions, and Netspend. 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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