Dorenda K. Weaver Sells 24,160 Shares of Total System Services, Inc. (TSS) Stock
Total System Services, Inc. (NYSE:TSS) CAO Dorenda K. Weaver sold 24,160 shares of Total System Services stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $90.11, for a total value of $2,177,057.60. Following the completion of the sale, the chief accounting officer now directly owns 54,969 shares in the company, valued at $4,953,256.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Total System Services, Inc. (NYSE TSS) opened at $89.86 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $16,330.00, a P/E ratio of 36.98, a P/E/G ratio of 1.55 and a beta of 1.11. Total System Services, Inc. has a twelve month low of $50.96 and a twelve month high of $90.74.
Total System Services (NYSE:TSS) last announced its quarterly earnings results on Tuesday, January 23rd. The credit services provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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. Total System Services had a return on equity of 26.50% and a net margin of 11.90%. Total System Services’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 earnings per share. research analysts expect that Total System Services, Inc. will post 3.96 EPS for the current fiscal year.
TSS has been the topic of several research reports. Zacks Investment Research raised Total System Services from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Friday, December 15th. Goldman Sachs Group cut Total System Services from a “buy” rating to a “neutral” rating in a research note on Monday, December 11th. Stephens reissued a “buy” rating and set a $88.00 price objective on shares of Total System Services in a research note on Wednesday, January 10th. Mizuho reissued a “hold” rating and set a $80.00 price objective on shares of Total System Services in a research note on Monday, December 18th. Finally, Morgan Stanley reissued a “hold” rating on shares of Total System Services in a research note on Thursday, November 16th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $82.08.
A number of institutional investors have recently bought and sold shares of TSS. Acadian Asset Management LLC purchased a new stake in Total System Services during the fourth quarter worth $109,000. Tower Research Capital LLC TRC lifted its holdings in Total System Services by 463.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,295 shares of the credit services provider’s stock worth $181,000 after buying an additional 1,888 shares during the period. Two Sigma Securities LLC purchased a new stake in Total System Services during the fourth quarter worth $203,000. Cahaba Wealth Management Inc. purchased a new stake in Total System Services during the fourth quarter worth $208,000. Finally, PHH Investments Ltd. purchased a new stake in Total System Services during the fourth quarter worth $209,000. Institutional investors own 76.51% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This piece was published by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of United States & international copyright law. The legal version of this piece can be accessed at https://www.dailypolitical.com/2018/03/15/dorenda-k-weaver-sells-24160-shares-of-total-system-services-inc-tss-stock.html.
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.
Receive News & Ratings for Total System Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Total System Services and related companies with MarketBeat.com's FREE daily email newsletter.