FinTrust Capital Advisors LLC Has $1.34 Million Stake in Total System Services, Inc. (TSS)
FinTrust Capital Advisors LLC decreased its position in Total System Services, Inc. (NYSE:TSS) by 8.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,132 shares of the credit services provider’s stock after selling 1,302 shares during the period. FinTrust Capital Advisors LLC’s holdings in Total System Services were worth $1,342,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of TSS. Berman Capital Advisors LLC boosted its position in shares of Total System Services by 119.6% during the 1st quarter. Berman Capital Advisors LLC now owns 325 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 177 shares during the period. Laurel Wealth Advisors LLC purchased a new position in shares of Total System Services during the 4th quarter worth approximately $28,000. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Total System Services during the 1st quarter worth approximately $33,000. Liberty Wealth Management LLC purchased a new position in shares of Total System Services during the 4th quarter worth approximately $34,000. Finally, Exane Asset Management purchased a new position in shares of Total System Services during the 4th quarter worth approximately $41,000. 78.33% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Patricia A. Watson sold 37,519 shares of Total System Services stock in a transaction on Monday, March 11th. The shares were sold at an average price of $93.79, for a total transaction of $3,518,907.01. Following the sale, the executive vice president now directly owns 23,450 shares in the company, valued at approximately $2,199,375.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is owned by company insiders.
Total System Services (NYSE:TSS) last announced its quarterly earnings data on Tuesday, April 23rd. The credit services provider reported $1.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.03. Total System Services had a net margin of 14.63% and a return on equity of 31.25%. The business had revenue of $980.30 million for the quarter, compared to analyst estimates of $998.73 million. During the same period last year, the business earned $1.13 EPS. The company’s revenue was up 4.8% on a year-over-year basis. Equities analysts expect that Total System Services, Inc. will post 4.63 EPS for the current year.
Several equities analysts have commented on TSS shares. Jefferies Financial Group started coverage on shares of Total System Services in a research report on Monday, January 28th. They issued a “buy” rating and a $105.00 price target for the company. Zacks Investment Research cut shares of Total System Services from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. Royal Bank of Canada raised their price target on shares of Total System Services to $110.00 and gave the company an “in-line” rating in a research report on Wednesday, January 30th. KeyCorp raised their price target on shares of Total System Services from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Wednesday, January 30th. Finally, Nomura reissued a “buy” rating on shares of Total System Services in a research report on Thursday, January 31st. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $101.27.
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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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