Zeke Capital Advisors LLC Decreases Stock Holdings in Total System Services, Inc. (NYSE:TSS)

Zeke Capital Advisors LLC trimmed its position in shares of Total System Services, Inc. (NYSE:TSS) by 35.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,358 shares of the credit services provider’s stock after selling 4,688 shares during the quarter. Zeke Capital Advisors LLC’s holdings in Total System Services were worth $1,072,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Berman Capital Advisors LLC lifted its position in shares of Total System Services by 119.6% during the first quarter. Berman Capital Advisors LLC now owns 325 shares of the credit services provider’s stock valued at $30,000 after buying an additional 177 shares during the last quarter. Icon Wealth Partners LLC purchased a new stake in shares of Total System Services during the first quarter valued at about $32,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of Total System Services during the first quarter valued at about $33,000. Pittenger & Anderson Inc. purchased a new stake in shares of Total System Services during the first quarter valued at about $33,000. Finally, Zions Bancorporation N.A. purchased a new stake in shares of Total System Services during the first quarter valued at about $51,000. 76.81% of the stock is owned by institutional investors and hedge funds.

Shares of TSS traded down $5.61 during mid-day trading on Monday, hitting $124.65. 18,172 shares of the company traded hands, compared to its average volume of 1,235,016. Total System Services, Inc. has a 1-year low of $75.58 and a 1-year high of $138.66. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.47 and a quick ratio of 2.17. The company has a market capitalization of $23.05 billion, a P/E ratio of 29.21, a PEG ratio of 2.31 and a beta of 0.82. The firm’s 50 day simple moving average is $131.16.

Total System Services (NYSE:TSS) last issued its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $1.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.06. Total System Services had a net margin of 15.03% and a return on equity of 32.26%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the company earned $1.11 EPS. Total System Services’s quarterly revenue was up 2.8% on a year-over-year basis. On average, sell-side analysts predict that Total System Services, Inc. will post 4.64 earnings per share for the current fiscal year.

Several analysts have commented on the stock. BMO Capital Markets increased their price target on shares of Total System Services to $121.00 and gave the company a “market perform” rating in a research report on Thursday, May 30th. ValuEngine upgraded shares of Total System Services from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Guggenheim downgraded shares of Total System Services from a “buy” rating to a “neutral” rating in a report on Thursday, May 30th. KeyCorp upped their price objective on shares of Total System Services from $95.00 to $106.00 and gave the company an “overweight” rating in a report on Wednesday, April 24th. They noted that the move was a valuation call. Finally, Goldman Sachs Group upgraded shares of Total System Services from a “neutral” rating to a “buy” rating and upped their price objective for the company from $98.00 to $115.00 in a report on Wednesday, April 17th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Total System Services currently has an average rating of “Buy” and a consensus target price of $115.67.

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

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