Total System Services, Inc. (TSS) EVP Sells $3,518,907.01 in Stock
Total System Services, Inc. (NYSE:TSS) EVP Patricia A. Watson sold 37,519 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $93.79, for a total transaction of $3,518,907.01. Following the transaction, the executive vice president now owns 23,450 shares of the company’s stock, valued at $2,199,375.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Total System Services stock opened at $93.75 on Friday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 1.50. Total System Services, Inc. has a twelve month low of $75.58 and a twelve month high of $100.39. The firm has a market capitalization of $16.58 billion, a P/E ratio of 22.01, a price-to-earnings-growth ratio of 1.66 and a beta of 1.11.
Total System Services (NYSE:TSS) last issued its quarterly earnings data on Tuesday, January 29th. The credit services provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.07. Total System Services had a net margin of 14.31% and a return on equity of 30.94%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $968.62 million. As a group, sell-side analysts predict that Total System Services, Inc. will post 4.64 earnings per share for the current fiscal year.
TSS has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Total System Services from a “sell” rating to a “hold” rating in a report on Wednesday, January 23rd. Bank of America upgraded shares of Total System Services from an “underperform” rating to a “neutral” rating in a report on Thursday, January 24th. KeyCorp upped their price target on shares of Total System Services from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Wednesday, January 30th. Jefferies Financial Group initiated coverage on shares of Total System Services in a report on Monday, January 28th. They set a “buy” rating and a $105.00 price target for the company. Finally, ValuEngine downgraded shares of Total System Services from a “buy” rating to a “hold” rating in a report on Friday, November 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $98.53.
Several institutional investors have recently modified their holdings of TSS. Oregon Public Employees Retirement Fund grew its stake in shares of Total System Services by 6,655.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,932,374 shares of the credit services provider’s stock worth $36,000 after purchasing an additional 2,888,967 shares during the last quarter. Norges Bank bought a new stake in Total System Services during the fourth quarter valued at $136,526,000. Samlyn Capital LLC boosted its position in Total System Services by 256.9% during the fourth quarter. Samlyn Capital LLC now owns 1,296,094 shares of the credit services provider’s stock valued at $105,360,000 after acquiring an additional 932,978 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Total System Services by 101.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,785,380 shares of the credit services provider’s stock valued at $145,134,000 after acquiring an additional 900,074 shares during the last quarter. Finally, BlackRock Inc. boosted its position in Total System Services by 4.9% during the third quarter. BlackRock Inc. now owns 12,662,032 shares of the credit services provider’s stock valued at $1,250,251,000 after acquiring an additional 593,390 shares during the last quarter. 77.40% of the stock is currently owned by institutional investors.
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.
See Also: Gross Domestic Product (GDP)
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