Nelson Van Denburg & Campbell Wealth Management Group LLC increased its holdings in shares of Total System Services, Inc. (NYSE:TSS) by 48.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,130 shares of the credit services provider’s stock after purchasing an additional 2,010 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Total System Services were worth $582,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Neuberger Berman Group LLC lifted its stake in shares of Total System Services by 41.9% in the 3rd quarter. Neuberger Berman Group LLC now owns 268,784 shares of the credit services provider’s stock valued at $26,540,000 after purchasing an additional 79,422 shares during the period. Legal & General Group Plc lifted its stake in shares of Total System Services by 3.9% in the 3rd quarter. Legal & General Group Plc now owns 821,656 shares of the credit services provider’s stock valued at $81,131,000 after purchasing an additional 30,918 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 valued at $1,775,000 after purchasing an additional 222 shares during the period. Tributary Capital Management LLC acquired a new position in shares of Total System Services in the 4th quarter valued at about $65,000. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Total System Services by 486.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 75,858 shares of the credit services provider’s stock valued at $6,166,000 after purchasing an additional 62,933 shares during the period. Hedge funds and other institutional investors own 80.31% of the company’s stock.
TSS has been the topic of a number of research reports. Bank of America raised Total System Services from an “underperform” rating to a “neutral” rating in a research note on Thursday, January 24th. Robert W. Baird upped their price target on Total System Services from $98.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, March 29th. Royal Bank of Canada upped their price target on Total System Services to $110.00 and gave the stock an “in-line” rating in a research note on Wednesday, January 30th. Jefferies Financial Group initiated coverage on Total System Services in a research note on Monday, January 28th. They set a “buy” rating and a $105.00 price target on the stock. Finally, Goldman Sachs Group raised Total System Services from a “neutral” rating to a “buy” rating and upped their price target for the stock from $98.00 to $115.00 in a research note on Wednesday, April 17th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Total System Services currently has a consensus rating of “Buy” and a consensus target price of $101.27.
TSS stock opened at $99.89 on Wednesday. The company has a market cap of $17.89 billion, a P/E ratio of 23.45, a PEG ratio of 1.80 and a beta of 1.12. Total System Services, Inc. has a fifty-two week low of $75.58 and a fifty-two week high of $102.67. The company has a debt-to-equity ratio of 1.85, a quick ratio of 2.17 and a current ratio of 2.17.
Total System Services (NYSE:TSS) last issued its quarterly earnings data on Tuesday, April 23rd. The credit services provider reported $1.15 EPS for the quarter, topping the consensus estimate of $1.12 by $0.03. The firm had revenue of $980.30 million during the quarter, compared to the consensus estimate of $998.73 million. Total System Services had a return on equity of 31.25% and a net margin of 14.63%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.13 earnings per share. On average, equities research analysts forecast that Total System Services, Inc. will post 4.63 earnings per share for the current year.
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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: 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.
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