Total System Services, Inc. (TSS) Shares Bought by Gryphon Financial Partners LLC

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Gryphon Financial Partners LLC grew its stake in Total System Services, Inc. (NYSE:TSS) by 187.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,534 shares of the credit services provider’s stock after acquiring an additional 1,653 shares during the period. Gryphon Financial Partners LLC’s holdings in Total System Services were worth $250,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Fort L.P. bought a new position in Total System Services in the 2nd quarter worth about $119,000. Willingdon Wealth Management bought a new position in shares of Total System Services during the third quarter valued at approximately $150,000. CENTRAL TRUST Co boosted its stake in shares of Total System Services by 187.9% during the third quarter. CENTRAL TRUST Co now owns 1,647 shares of the credit services provider’s stock valued at $163,000 after purchasing an additional 1,075 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in shares of Total System Services during the second quarter valued at approximately $159,000. Finally, Bray Capital Advisors bought a new position in shares of Total System Services during the second quarter valued at approximately $177,000. Institutional investors and hedge funds own 76.92% of the company’s stock.

A number of research firms have recently issued reports on TSS. Zacks Investment Research upgraded shares of Total System Services from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a research note on Friday, October 26th. BMO Capital Markets increased their price objective on shares of Total System Services from $94.00 to $101.00 and gave the company a “market perform” rating in a research note on Thursday, October 25th. Nomura increased their price objective on shares of Total System Services from $107.00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday, October 24th. Wells Fargo & Co increased their price objective on shares of Total System Services from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, October 24th. Finally, KeyCorp increased their price objective on shares of Total System Services from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, October 24th. Seven investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Total System Services currently has a consensus rating of “Buy” and an average price target of $96.11.

In other Total System Services news, EVP Dorenda K. Weaver sold 5,009 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $99.00, for a total value of $495,891.00. Following the completion of the sale, the executive vice president now directly owns 44,358 shares in the company, valued at $4,391,442. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.40% of the stock is owned by company insiders.

Shares of TSS opened at $91.97 on Friday. The company has a market capitalization of $16.53 billion, a price-to-earnings ratio of 28.56, a PEG ratio of 1.51 and a beta of 1.21. Total System Services, Inc. has a twelve month low of $71.67 and a twelve month high of $100.39. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.57 and a quick ratio of 2.55.

Total System Services (NYSE:TSS) last announced its earnings results on Tuesday, October 23rd. The credit services provider reported $1.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.07. The company had revenue of $964.60 million during the quarter, compared to the consensus estimate of $950.55 million. Total System Services had a net margin of 15.93% and a return on equity of 30.28%. Total System Services’s revenue was up 13.1% compared to the same quarter last year. During the same period last year, the firm earned $0.88 earnings per share. On average, equities analysts predict that Total System Services, Inc. will post 4.25 earnings per share for the current fiscal year.

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About Total System Services

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.

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

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