Global X Management Co. LLC Buys 1,489 Shares of Total System Services, Inc. (TSS)

Global X Management Co. LLC increased its stake in shares of Total System Services, Inc. (NYSE:TSS) by 25.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,245 shares of the credit services provider’s stock after buying an additional 1,489 shares during the quarter. Global X Management Co. LLC’s holdings in Total System Services were worth $573,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Global Financial Private Capital LLC bought a new position in Total System Services during the 4th quarter worth $244,000. The Manufacturers Life Insurance Company grew its stake in Total System Services by 28.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 511,039 shares of the credit services provider’s stock worth $40,417,000 after buying an additional 113,481 shares during the last quarter. Suncoast Equity Management bought a new position in Total System Services during the 4th quarter worth $234,000. First Trust Advisors LP grew its stake in Total System Services by 7.9% during the 4th quarter. First Trust Advisors LP now owns 367,415 shares of the credit services provider’s stock worth $29,059,000 after buying an additional 26,876 shares during the last quarter. Finally, ACG Wealth bought a new position in Total System Services during the 4th quarter worth $220,000. Hedge funds and other institutional investors own 74.20% of the company’s stock.

Shares of Total System Services, Inc. (NYSE TSS) opened at $86.56 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $15,910.00, a price-to-earnings ratio of 25.69, a PEG ratio of 1.50 and a beta of 1.13. Total System Services, Inc. has a twelve month low of $50.96 and a twelve month high of $89.92.

Total System Services (NYSE:TSS) last announced its quarterly earnings data on Tuesday, January 23rd. The credit services provider reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.03. The firm had revenue of $870.61 million during the quarter, compared to analyst estimates of $848.20 million. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 EPS. analysts forecast that Total System Services, Inc. will post 3.96 EPS for the current year.

TSS has been the subject of a number of recent research reports. Royal Bank of Canada restated a “buy” rating and set a $75.00 price objective on shares of Total System Services in a research note on Monday, October 30th. Citigroup upped their price objective on Total System Services from $71.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Nomura upped their price objective on Total System Services from $71.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Robert W. Baird reiterated a “buy” rating and set a $84.00 price target on shares of Total System Services in a research report on Friday, December 15th. Finally, KeyCorp reiterated a “buy” rating and set a $85.00 price target on shares of Total System Services in a research report on Friday, December 15th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $82.08.

In other news, EVP Patricia A. Watson sold 2,274 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $83.35, for a total value of $189,537.90. Following the completion of the sale, the executive vice president now owns 27,253 shares in the company, valued at $2,271,537.55. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Dorenda K. Weaver sold 2,686 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $87.81, for a total value of $235,857.66. Following the completion of the sale, the executive vice president now owns 49,367 shares of the company’s stock, valued at approximately $4,334,916.27. The disclosure for this sale can be found here. In the last 90 days, insiders sold 363,454 shares of company stock valued at $30,861,562. Insiders own 2.60% of the company’s stock.

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Total System Services Company Profile

Total System Services, Inc (TSYS) is a payment solutions provider that provides payment processing services, merchant services and related payment services to financial and non-financial institutions. The Company’s segments include North America Services, Merchant Services, NetSpend and International Services.

Institutional Ownership by Quarter for Total System Services (NYSE:TSS)

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