Three Peaks Capital Management LLC Sells 2,775 Shares of Total System Services, Inc. (NYSE:TSS)

Three Peaks Capital Management LLC trimmed its stake in Total System Services, Inc. (NYSE:TSS) by 11.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,324 shares of the credit services provider’s stock after selling 2,775 shares during the period. Three Peaks Capital Management LLC’s holdings in Total System Services were worth $1,733,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of TSS. First Hawaiian Bank lifted its stake in shares of Total System Services by 2.9% in the 4th quarter. First Hawaiian Bank now owns 5,059 shares of the credit services provider’s stock worth $411,000 after acquiring an additional 143 shares during the period. Contravisory Investment Management Inc. lifted its stake in shares of Total System Services by 4.0% in the 4th quarter. Contravisory Investment Management Inc. now owns 5,456 shares of the credit services provider’s stock worth $444,000 after acquiring an additional 211 shares during the period. IFP Advisors Inc lifted its stake in shares of Total System Services by 1.0% in the 4th quarter. IFP Advisors Inc now owns 22,091 shares of the credit services provider’s stock worth $1,775,000 after acquiring an additional 222 shares during the period. CENTRAL TRUST Co lifted its stake in shares of Total System Services by 19.7% in the 4th quarter. CENTRAL TRUST Co now owns 1,972 shares of the credit services provider’s stock worth $160,000 after acquiring an additional 325 shares during the period. Finally, Csenge Advisory Group acquired a new stake in shares of Total System Services in the 3rd quarter worth $37,000. 78.55% of the stock is currently owned by hedge funds and other institutional investors.

TSS has been the subject of several recent analyst reports. Nomura raised their target price on shares of Total System Services from $107.00 to $109.00 and gave the stock a “buy” rating in a research note on Wednesday, October 24th. Zacks Investment Research upgraded shares of Total System Services from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research note on Friday, October 26th. Jefferies Financial Group started coverage on shares of Total System Services in a research note on Monday, January 28th. They issued a “buy” rating and a $105.00 price objective for the company. ValuEngine cut shares of Total System Services from a “buy” rating to a “hold” rating in a research note on Friday, November 23rd. Finally, Royal Bank of Canada raised their price objective on shares of Total System Services to $110.00 and gave the company an “in-line” rating in a research note on Wednesday, January 30th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $98.53.

NYSE:TSS opened at $91.93 on Thursday. The stock has a market cap of $16.75 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 1.40 and a beta of 1.09. Total System Services, Inc. has a twelve month low of $75.58 and a twelve month high of $100.39. The company has a quick ratio of 2.57, a current ratio of 2.21 and a debt-to-equity ratio of 1.50.

Total System Services (NYSE:TSS) last issued its quarterly earnings results on Tuesday, January 29th. The credit services provider reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $968.62 million. Total System Services had a net margin of 14.31% and a return on equity of 30.94%. On average, research analysts forecast that Total System Services, Inc. will post 4.64 EPS for the current year.

In related news, Chairman M Troy Woods sold 47,812 shares of the business’s stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $91.23, for a total value of $4,361,888.76. Following the completion of the sale, the chairman now directly owns 256,989 shares in the company, valued at $23,445,106.47. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Dorenda K. Weaver sold 2,297 shares of the business’s stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $91.23, for a total transaction of $209,555.31. Following the completion of the sale, the chief accounting officer now owns 49,489 shares of the company’s stock, valued at $4,514,881.47. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,121 shares of company stock valued at $6,579,599. Insiders own 2.40% of the company’s stock.

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Total System Services Profile

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

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