Total System Services, Inc. (TSS) Shares Sold by Synovus Financial Corp

Synovus Financial Corp decreased its holdings in Total System Services, Inc. (NYSE:TSS) by 1.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 13,522,737 shares of the credit services provider’s stock after selling 142,105 shares during the quarter. Total System Services makes up 18.7% of Synovus Financial Corp’s holdings, making the stock its biggest holding. Synovus Financial Corp owned approximately 0.07% of Total System Services worth $1,069,525,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Acadian Asset Management LLC purchased a new position in shares of Total System Services in the fourth quarter valued at approximately $109,000. Tower Research Capital LLC TRC boosted its stake in shares of Total System Services by 463.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,295 shares of the credit services provider’s stock valued at $181,000 after purchasing an additional 1,888 shares during the period. Parkwood LLC purchased a new position in shares of Total System Services in the third quarter valued at approximately $200,000. Cahaba Wealth Management Inc. purchased a new position in shares of Total System Services in the fourth quarter valued at approximately $208,000. Finally, Reliance Trust Co. purchased a new position in shares of Total System Services in the third quarter valued at approximately $211,000. 74.20% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Dorenda K. Weaver sold 2,686 shares of Total System Services stock in a transaction on 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 approximately $4,334,916.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Patricia A. Watson sold 9,596 shares of Total System Services stock in a transaction on 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. 2.60% of the stock is currently owned by insiders.

Total System Services, Inc. (NYSE:TSS) opened at $87.08 on Monday. The company has a market cap of $16,009.33, a price-to-earnings ratio of 27.04, a PEG ratio of 1.50 and a beta of 1.13. Total System Services, Inc. has a 1-year low of $50.96 and a 1-year high of $89.92. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.09 and a quick ratio of 1.03.

Total System Services (NYSE:TSS) last posted its quarterly earnings data on Tuesday, January 23rd. The credit services provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. Total System Services had a net margin of 11.90% and a return on equity of 26.21%. The firm had revenue of $870.61 million for the quarter, compared to analyst estimates of $848.20 million. During the same period last year, the firm posted $0.71 EPS. Total System Services’s quarterly revenue was up 10.8% on a year-over-year basis. analysts predict that Total System Services, Inc. will post 3.96 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on TSS shares. BMO Capital Markets lifted their price target on shares of Total System Services from $70.00 to $77.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. Robert W. Baird lifted their price target on shares of Total System Services from $76.00 to $78.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. Zacks Investment Research upgraded shares of Total System Services from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research note on Friday, December 15th. Goldman Sachs Group downgraded shares of Total System Services from a “buy” rating to a “neutral” rating in a research note on Monday, December 11th. Finally, Morgan Stanley lifted their price target on shares of Total System Services from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $82.08.

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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.

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

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