Economy

Total System Services, Inc. (NYSE:TSS) Experiences Heavier than Usual Trading Volume

The value of the total investment in Total System Services, Inc. increased from $760,000 to $8,252,000 a change of $7,492,000 quarter over quarter. (NYSE:TSS) by 27.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. LLC now owns 743,682 shares of the credit services provider's stock valued at $43,319,000 after acquiring an additional 615,470 shares during the last quarter. Riverhead Capital Management LLC's holdings in Total System Services were worth $1,110,000 at the end of the most recent quarter.

A number of large investors have recently bought and sold shares of TSS.

Investors are a little more bearish on shares of Total System Services, Inc. recently looking at the rise in short interest. Sentry Investment Management LLC now owns 11,216 shares of the credit services provider's stock valued at $653,000 after acquiring an additional 44 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Total System Services by 3.4% in the first quarter. The Gargoyle Investment Advisor Llc holds 4,029 shares with $2.42 million value, up from 3,389 last quarter. Doyle Wealth Management purchased a new position in shares of Total System Services in the second quarter worth about $205,000. Oak Associates Ltd. OH raised its stake in shares of Total System Services by 36.2% during the second quarter. Finally, Palisades Hudson Asset Management L.P. purchased a new position in shares of Total System Services in the second quarter worth about $208,000.

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There has been some selling insider activity on Total System Services, Inc. (NYSE:TSS) traded up 0.15% during midday trading on Tuesday, reaching $65.74. Gargoyle Investment Advisor Llc acquired 640 shares as Graham Hldgs Co (GHC)'s stock rose 13.73%. The stock has a market capitalization of $12.11 billion, a P/E ratio of 31.90 and a beta of 1.13. A raise from Total System Services's prior periodic dividend of $0.10. Instinet upped their price target on shares of Total System Services from $61.00 to $66.00 and gave the stock a "buy" rating in a report on Tuesday, June 6th.

Total System Services (NYSE:TSS) last released its earnings results on Tuesday, July 25th. Note, this compares with a consensus analyst forecast of 0.77 in earnings per share for its next fiscal quarterly report.

18 number of analysts have estimated the sales of the company for the quarter ending Oct 18, 2017, analysts estimated mean sale target of 8519.45 million while high and low sale targets are estimated at 8879 million and 8393 million respectively. 6,500 Total System Services, Inc. Analysts expect next quarter's EPS to be $0.79 and the next full year EPS is projected to be $3.59. On average, equities analysts forecast that Total System Services will post $3.28 EPS for the current year. The company also announced a dividend for shareholders that will be paid on Monday the 2nd of October 2017. Stockholders of record on Friday, September 29th will be given a $0.13 dividend. The ex-dividend date will be on Tuesday June 20th, 2017. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.79%. Barclays PLC reaffirmed an "overweight" rating and set a $72.00 price target (up previously from $67.00) on shares of Total System Services in a report on Sunday, June 11th. Goldman Sachs upgraded Total System Services, Inc. After a recent check, it is observed that the insiders for the firm now own 0.50% shares. Cowen and Company reaffirmed a "buy" rating and issued a $67.00 target price on shares of Total System Services in a research note on Thursday, September 7th. Royal Bank Of Canada assumed coverage on stocks of Total System Services in a study report on early Mon, Aug 28th. On September 19 the stock rating was downgraded from "Buy" to "Hold" by analysts at Stifel Nicolaus. Total System Services had 51 analyst reports since July 21, 2015 according to SRatingsIntel. They presently have a $70.00 price objective on the credit services provider's stock.

Analysts have given a mean recommendation of 2.30 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The stock now has a average recommendation of "Buy" and a consensus price objective of $65.15.

In other news, Director Philip W. Tomlinson sold 220,974 shares of the business's stock in a transaction that occurred on Wednesday, August 2nd. Director Philip W. Tomlinson sold 220,974 shares at an average price of $63.65 on Wednesday the 2nd. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Executive Vice President G Sanders Griffith III unloaded 18,472 stocks of the company's shares in a trade that took place on Fri, Jul 28th. The stock was sold at an average price of $63.25, for a total value of $1,168,354.00.



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