Total System Services, Inc. (TSS) Shares Bought by Morgan Stanley

Total System Services, Inc. (TSS) Shares Bought by Morgan Stanley

Morgan Stanley increased its position in Total System Services, Inc. (NYSE:TSS) by 55.5% during the third quarter, Holdings Channel reports. The fund owned 842,292 shares of the company’s stock after buying an additional 300,598 shares during the period. Morgan Stanley owned about 0.46% of Total System Services worth $39,715,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in TSS. Conning Inc. increased its stake in Total System Services by 0.4% in the second quarter. Conning Inc. now owns 5,452 shares of the company’s stock worth $290,000 after buying an additional 20 shares during the last quarter. Advisor Partners LLC increased its stake in Total System Services by 1.0% in the second quarter. Advisor Partners LLC now owns 4,497 shares of the company’s stock worth $239,000 after buying an additional 46 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in Total System Services by 0.5% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 12,297 shares of the company’s stock worth $653,000 after buying an additional 59 shares during the last quarter. Penserra Capital Management LLC increased its stake in Total System Services by 1.2% in the third quarter. Penserra Capital Management LLC now owns 6,951 shares of the company’s stock worth $327,000 after buying an additional 85 shares during the last quarter. Finally, Capstone Asset Management Co. increased its stake in Total System Services by 0.3% in the third quarter. Capstone Asset Management Co. now owns 29,780 shares of the company’s stock worth $1,404,000 after buying an additional 87 shares during the last quarter. Institutional investors own 73.21% of the company’s stock.

Shares of Total System Services, Inc. (NYSE:TSS) traded up 0.06% during mid-day trading on Friday, hitting $51.28. 1,045,900 shares of the stock traded hands. Total System Services, Inc. has a one year low of $37.47 and a one year high of $56.54. The firm has a market capitalization of $9.42 billion, a P/E ratio of 29.64 and a beta of 1.03. The company’s 50 day moving average is $51.39 and its 200 day moving average is $49.92.

Total System Services (NYSE:TSS) last posted its quarterly earnings results on Tuesday, January 24th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.01. Total System Services had a net margin of 8.38% and a return on equity of 24.32%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $835.06 million. During the same period in the prior year, the firm posted $0.57 earnings per share. The company’s quarterly revenue was up 57.9% compared to the same quarter last year. On average, equities analysts expect that Total System Services, Inc. will post $3.12 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Thursday, December 15th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.78%. The ex-dividend date was Tuesday, December 13th. Total System Services’s dividend payout ratio (DPR) is currently 23.12%.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Total System Services from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research report on Wednesday, December 28th. Goldman Sachs Group, Inc. (The) upgraded shares of Total System Services from a “sell” rating to a “neutral” rating and set a $49.00 price target on the stock in a report on Friday, December 16th. Pacific Crest began coverage on shares of Total System Services in a report on Thursday, December 15th. They set an “overweight” rating and a $58.00 price target on the stock. Stephens upgraded shares of Total System Services from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 3rd. Finally, KeyCorp restated an “overweight” rating and set a $58.00 price target on shares of Total System Services in a report on Wednesday, December 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. Total System Services has a consensus rating of “Buy” and a consensus price target of $55.12.

In other Total System Services news, insider William A. Pruett sold 57,905 shares of the company’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $49.34, for a total transaction of $2,857,032.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Philip W. Tomlinson sold 94,317 shares of the company’s stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $48.53, for a total transaction of $4,577,204.01. Following the sale, the director now directly owns 197,966 shares in the company, valued at $9,607,289.98. The disclosure for this sale can be found here. Insiders have sold 166,003 shares of company stock worth $8,137,481 over the last ninety days. Insiders own 2.60% of the company’s stock.

About Total System Services

Total System Services, Inc (TSYS) is a payment solutions provider that provides services to financial and nonfinancial institutions. The Company’s segments include North America Services, Merchant Services, NetSpend and International Services. The Company also provides processing services, acquiring solutions, related systems and integrated support services to merchant acquirers and merchants.

Want to see what other hedge funds are holding TSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Total System Services, Inc. (NYSE:TSS).

Related posts

Leave a Comment