Dorenda K. Weaver Sells 2,297 Shares of Total System Services, Inc. (TSS) Stock

Total System Services, Inc. (NYSE:TSS) CAO Dorenda K. Weaver sold 2,297 shares of Total System Services stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $91.23, for a total transaction of $209,555.31. Following the sale, the chief accounting officer now owns 49,489 shares of the company’s stock, valued at $4,514,881.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of TSS stock traded up $0.43 during trading hours on Tuesday, hitting $91.77. 22,995 shares of the company’s stock were exchanged, compared to its average volume of 1,626,114. The company has a market capitalization of $16.75 billion, a PE ratio of 21.50, a price-to-earnings-growth ratio of 1.40 and a beta of 1.09. Total System Services, Inc. has a 12-month low of $75.58 and a 12-month high of $100.39. The company has a debt-to-equity ratio of 1.50, a quick ratio of 2.57 and a current ratio of 2.21.

Total System Services (NYSE:TSS) last posted its quarterly earnings results on Tuesday, January 29th. The credit services provider reported $1.08 EPS for the quarter, topping the consensus estimate of $1.01 by $0.07. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $968.62 million. Total System Services had a net margin of 14.31% and a return on equity of 30.94%. On average, research analysts predict that Total System Services, Inc. will post 4.64 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Insight Wealth Strategies LLC purchased a new position in shares of Total System Services in the fourth quarter worth $698,000. Freestone Capital Holdings LLC purchased a new position in shares of Total System Services in the fourth quarter worth $315,000. Mn Services Vermogensbeheer B.V. increased its stake in shares of Total System Services by 8.1% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 27,902 shares of the credit services provider’s stock worth $1,984,000 after buying an additional 2,100 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Total System Services by 65.9% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,523 shares of the credit services provider’s stock worth $1,149,000 after buying an additional 4,974 shares during the period. Finally, State of Tennessee Treasury Department increased its stake in shares of Total System Services by 11.5% in the fourth quarter. State of Tennessee Treasury Department now owns 58,468 shares of the credit services provider’s stock worth $4,753,000 after buying an additional 6,034 shares during the period. 78.55% of the stock is currently owned by institutional investors.

TSS has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Total System Services from a “sell” rating to a “hold” rating in a research report on Wednesday, January 23rd. BMO Capital Markets lifted their target price on shares of Total System Services from $94.00 to $101.00 and gave the company a “market perform” rating in a research report on Thursday, October 25th. Barclays initiated coverage on shares of Total System Services in a research report on Wednesday, November 14th. They set an “overweight” rating and a $113.00 target price for the company. Bank of America upgraded shares of Total System Services from an “underperform” rating to a “neutral” rating in a research report on Thursday, January 24th. Finally, KeyCorp lifted their target price 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. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $98.53.

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About Total System Services

Total System Services, Inc provides payment processing, merchant, and related payment services to financial and nonfinancial institutions worldwide. The company operates through three segments: Merchant Solutions, Issuer Solutions, and Netspend. 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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