Bernzott Capital Advisors Sells 34,649 Shares of Total System Services, Inc. (TSS)

Bernzott Capital Advisors Sells 34,649 Shares of Total System Services, Inc. (TSS)

A number of other hedge funds also recently bought and sold shares of the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Total System Services during the fourth quarter worth about $111,000. Advisory Services Network LLC acquired a new position in shares of Total System Services during the first quarter worth about $169,000. Pacer Advisors Inc. increased its position in shares of Total System Services by 3.4% in the first quarter. Pacer Advisors Inc. now owns 3,597 shares of the credit services provider’s stock worth $192,000 after buying an additional 119 shares during the period. Oakworth Capital Inc. increased its position in shares of Total System Services by 4,788.2% in the first quarter. Oakworth Capital Inc. now owns 3,715 shares of the credit services provider’s stock worth $199,000 after buying an additional 3,639 shares during the period. Finally, OLD National Bancorp IN acquired a new position in shares of Total System Services during the first quarter worth about $206,000. 71.48% of the stock is owned by hedge funds and other institutional investors.

Bernzott Capital Advisors decreased its stake in shares of Total System Services, Inc. (NYSE:TSS) by 9.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 324,420 shares of the credit services provider’s stock after selling 34,649 shares during the period. Total System Services makes up approximately 3.0% of Bernzott Capital Advisors’ investment portfolio, making the stock its 17th largest position. Bernzott Capital Advisors’ holdings in Total System Services were worth $17,343,000 as of its most recent SEC filing.

Total System Services, Inc. (TSS) traded down 0.39% during midday trading on Tuesday, hitting $59.35. The company had a trading volume of 871,927 shares. The company’s 50 day moving average is $56.34 and its 200 day moving average is $53.11. The stock has a market cap of $10.92 billion, a price-to-earnings ratio of 32.74 and a beta of 1.00. Total System Services, Inc. has a 12-month low of $46.22 and a 12-month high of $60.21.

Total System Services (NYSE:TSS) last announced its earnings results on Tuesday, April 25th. The credit services provider reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.02. Total System Services had a return on equity of 24.32% and a net margin of 8.38%. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the company earned $0.66 earnings per share. The firm’s quarterly revenue was up 62.3% compared to the same quarter last year. On average, equities analysts anticipate that Total System Services, Inc. will post $3.24 EPS for the current fiscal year.

A number of brokerages have recently issued reports on TSS. Barclays PLC increased their target price on Total System Services from $65.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, May 25th. Goldman Sachs Group Inc raised Total System Services from a “neutral” rating to a “buy” rating in a research note on Monday, May 15th. First Analysis downgraded Total System Services from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $60.00 to $63.00 in a research note on Wednesday, May 3rd. They noted that the move was a valuation call. Zacks Investment Research downgraded Total System Services from a “buy” rating to a “hold” rating in a research note on Tuesday, February 28th. Finally, Stifel Nicolaus set a $65.00 target price on Total System Services and gave the stock a “buy” rating in a research note on Wednesday, April 26th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $60.31.

In related news, Chairman M Troy Woods sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $57.30, for a total transaction of $372,450.00. Following the sale, the chairman now owns 285,966 shares of the company’s stock, valued at $16,385,851.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.60% of the stock is owned by insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TSS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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