Ontario Teachers Pension Plan Board lifted its holdings in shares of Total System Services, Inc. (NYSE:TSS) by 45.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 85,077 shares of the credit services provider’s stock after acquiring an additional 26,777 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Total System Services were worth $6,729,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Acadian Asset Management LLC bought a new stake in shares of Total System Services during the fourth quarter worth about $109,000. Tower Research Capital LLC TRC increased its position in shares of 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 acquiring an additional 1,888 shares in the last quarter. Parkwood LLC bought a new stake in shares of Total System Services during the third quarter worth about $200,000. Cahaba Wealth Management Inc. bought a new stake in shares of Total System Services during the fourth quarter worth about $208,000. Finally, Reliance Trust Co. bought a new stake in shares of Total System Services during the third quarter worth about $211,000. 74.20% of the stock is owned by institutional investors.
Total System Services, Inc. (NYSE:TSS) opened at $86.80 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.09 and a quick ratio of 1.03. The firm has a market cap of $16,000.00, a PE ratio of 25.76, a price-to-earnings-growth ratio of 1.50 and a beta of 1.13. Total System Services, Inc. has a 52 week low of $50.96 and a 52 week high of $89.92.
TSS has been the subject of several recent research reports. Zacks Investment Research raised shares of Total System Services from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research report on Friday, December 15th. Goldman Sachs Group downgraded shares of Total System Services from a “buy” rating to a “neutral” rating in a research report on Monday, December 11th. Stephens reaffirmed a “buy” rating and issued a $88.00 price objective on shares of Total System Services in a research report on Wednesday, January 10th. Morgan Stanley reaffirmed a “hold” rating on shares of Total System Services in a research report on Thursday, November 16th. Finally, Mizuho reaffirmed a “hold” rating and issued a $80.00 price objective on shares of Total System Services in a research report on Monday, December 18th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $82.08.
In other Total System Services news, EVP Dorenda K. Weaver sold 2,686 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $87.81, for a total value of $235,857.66. Following the transaction, the executive vice president now directly owns 49,367 shares in the company, valued at $4,334,916.27. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Patricia A. Watson sold 9,596 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $88.42, for a total transaction of $848,478.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 363,454 shares of company stock worth $30,861,562. Corporate insiders own 2.60% of the company’s stock.
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About Total System Services
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.
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