Optimum Investment Advisors Trims Stake in Total System Services, Inc. (TSS)

Optimum Investment Advisors cut its stake in shares of Total System Services, Inc. (NYSE:TSS) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,831 shares of the credit services provider’s stock after selling 200 shares during the quarter. Optimum Investment Advisors’ holdings in Total System Services were worth $230,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TSS. BlackRock Inc. raised its holdings in shares of Total System Services by 4.9% during the third quarter. BlackRock Inc. now owns 12,662,032 shares of the credit services provider’s stock worth $1,250,251,000 after acquiring an additional 593,390 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Total System Services by 699.1% in the third quarter. Renaissance Technologies LLC now owns 393,665 shares of the credit services provider’s stock valued at $38,870,000 after purchasing an additional 344,400 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Total System Services by 53.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 885,306 shares of the credit services provider’s stock valued at $87,416,000 after purchasing an additional 307,042 shares during the last quarter. Canada Pension Plan Investment Board grew its position in Total System Services by 2,822,000.0% during the third quarter. Canada Pension Plan Investment Board now owns 282,210 shares of the credit services provider’s stock worth $27,865,000 after buying an additional 282,200 shares in the last quarter. Finally, Strycker View Capital LLC acquired a new stake in Total System Services during the fourth quarter worth about $22,476,000. Institutional investors own 78.55% of the company’s stock.

Shares of TSS stock opened at $91.82 on Monday. The company has a current ratio of 2.21, a quick ratio of 2.57 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $16.75 billion, a PE ratio of 21.55, a PEG ratio of 1.40 and a beta of 1.09. Total System Services, Inc. has a 52-week low of $75.58 and a 52-week high of $100.39.

Total System Services (NYSE:TSS) last released its quarterly earnings results on Tuesday, January 29th. The credit services provider reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.07. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $968.62 million. Total System Services had a net margin of 14.31% and a return on equity of 30.94%. As a group, equities analysts forecast that Total System Services, Inc. will post 4.64 earnings per share for the current year.

TSS has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Total System Services from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Nomura reaffirmed a “buy” rating on shares of Total System Services in a report on Thursday, January 31st. KeyCorp boosted their price target on shares of Total System Services from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Wednesday, January 30th. Royal Bank of Canada boosted their price target on shares of Total System Services to $110.00 and gave the company an “in-line” rating in a report on Wednesday, January 30th. Finally, Jefferies Financial Group began coverage on shares of Total System Services in a research report on Monday, January 28th. They set a “buy” rating and a $105.00 price target on the stock. 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 target price of $98.53.

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Total System Services Company 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: 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.

Further Reading: Return on Equity (ROE)

Institutional Ownership by Quarter for Total System Services (NYSE:TSS)

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