Great West Life Assurance Co. Can Has $7.83 Million Position in Total System Services, Inc. (TSS)
Great West Life Assurance Co. Can increased its position in shares of Total System Services, Inc. (NYSE:TSS) by 0.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 120,499 shares of the credit services provider’s stock after purchasing an additional 893 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.07% of Total System Services worth $7,825,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Synovus Financial Corp raised its position in Total System Services by 1.0% in the second quarter. Synovus Financial Corp now owns 13,709,409 shares of the credit services provider’s stock worth $798,579,000 after acquiring an additional 134,998 shares during the period. Nationwide Fund Advisors raised its position in Total System Services by 21.4% in the second quarter. Nationwide Fund Advisors now owns 363,203 shares of the credit services provider’s stock worth $21,157,000 after acquiring an additional 64,038 shares during the period. Gotham Asset Management LLC raised its position in Total System Services by 801.6% in the second quarter. Gotham Asset Management LLC now owns 114,449 shares of the credit services provider’s stock worth $6,667,000 after acquiring an additional 101,755 shares during the period. South Dakota Investment Council bought a new stake in Total System Services in the second quarter worth about $711,000. Finally, Aviva PLC raised its position in Total System Services by 10.6% in the second quarter. Aviva PLC now owns 106,880 shares of the credit services provider’s stock worth $6,227,000 after acquiring an additional 10,240 shares during the period. Institutional investors and hedge funds own 76.09% of the company’s stock.
Total System Services, Inc. (NYSE TSS) traded up $0.79 during trading on Thursday, reaching $74.81. 1,477,400 shares of the company were exchanged, compared to its average volume of 1,262,331. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.02. The company has a market cap of $13,850.00, a price-to-earnings ratio of 23.57, a PEG ratio of 1.82 and a beta of 1.10. Total System Services, Inc. has a twelve month low of $47.84 and a twelve month high of $75.20.
Total System Services (NYSE:TSS) last posted its earnings results on Tuesday, October 24th. The credit services provider reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.07. The business had revenue of $852.80 million for the quarter, compared to analyst estimates of $842.30 million. Total System Services had a net margin of 8.73% and a return on equity of 26.25%. Total System Services’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.71 EPS. research analysts anticipate that Total System Services, Inc. will post 3.2 earnings per share for the current year.
TSS has been the topic of several research reports. Wedbush reaffirmed an “outperform” rating and issued a $72.00 price objective on shares of Total System Services in a research report on Wednesday, August 9th. BidaskClub raised shares of Total System Services from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. Royal Bank Of Canada began coverage on shares of Total System Services in a research report on Monday, August 28th. They issued an “outperform” rating and a $75.00 price target on the stock. Zacks Investment Research lowered shares of Total System Services from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Finally, KeyCorp reissued an “overweight” rating on shares of Total System Services in a research report on Thursday, August 31st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $69.36.
In related news, EVP Patricia A. Watson sold 23,608 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $74.01, for a total transaction of $1,747,228.08. Following the sale, the executive vice president now owns 21,112 shares of the company’s stock, valued at approximately $1,562,499.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.
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