Montag A & Associates Inc. Invests $578,000 in TSYS (TSS) Stock

Montag A & Associates Inc. acquired a new stake in TSYS (NYSE:TSS) during the first quarter, HoldingsChannel reports. The institutional investor acquired 6,700 shares of the credit services provider’s stock, valued at approximately $578,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. State of Wisconsin Investment Board grew its stake in TSYS by 3.1% in the 1st quarter. State of Wisconsin Investment Board now owns 202,810 shares of the credit services provider’s stock valued at $17,494,000 after acquiring an additional 6,106 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in TSYS by 41.3% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 327,752 shares of the credit services provider’s stock valued at $28,274,000 after acquiring an additional 95,839 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in TSYS by 3.2% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 48,078 shares of the credit services provider’s stock valued at $4,147,000 after acquiring an additional 1,498 shares during the last quarter. Psagot Investment House Ltd. grew its stake in TSYS by 20.6% in the 1st quarter. Psagot Investment House Ltd. now owns 130,920 shares of the credit services provider’s stock valued at $11,293,000 after acquiring an additional 22,350 shares during the last quarter. Finally, M&T Bank Corp grew its stake in TSYS by 12.7% in the 1st quarter. M&T Bank Corp now owns 14,164 shares of the credit services provider’s stock valued at $1,222,000 after acquiring an additional 1,600 shares during the last quarter. 77.35% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CAO Dorenda K. Weaver sold 24,160 shares of the stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $90.11, for a total transaction of $2,177,057.60. Following the transaction, the chief accounting officer now directly owns 54,969 shares in the company, valued at approximately $4,953,256.59. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Patricia A. Watson sold 15,332 shares of the stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $85.36, for a total transaction of $1,308,739.52. Following the transaction, the executive vice president now owns 30,213 shares in the company, valued at $2,578,981.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 410,934 shares of company stock worth $36,093,397. Insiders own 2.40% of the company’s stock.



Shares of TSYS opened at $88.31 on Monday, Marketbeat.com reports. The stock has a market cap of $16.10 billion, a PE ratio of 27.43, a P/E/G ratio of 1.46 and a beta of 1.13. TSYS has a 1-year low of $57.48 and a 1-year high of $90.74. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.97 and a current ratio of 0.97.

TSYS (NYSE:TSS) last announced its quarterly earnings data on Tuesday, April 24th. The credit services provider reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.13. The business had revenue of $987.20 million for the quarter, compared to analyst estimates of $910.10 million. TSYS had a net margin of 13.15% and a return on equity of 28.22%. The company’s revenue was down 16.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 EPS. analysts forecast that TSYS will post 4.16 earnings per share for the current fiscal year.

A number of equities research analysts recently commented on TSS shares. Credit Suisse Group reissued a “neutral” rating and issued a $87.00 price objective (up from $73.00) on shares of TSYS in a research note on Wednesday, January 17th. Zacks Investment Research upgraded shares of TSYS from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a report on Monday, January 22nd. Citigroup upped their target price on shares of TSYS from $94.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. KeyCorp restated a “buy” rating and issued a $92.00 target price (up from $85.00) on shares of TSYS in a report on Wednesday, January 24th. Finally, Wedbush restated an “outperform” rating and issued a $100.00 target price (up from $85.00) on shares of TSYS in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $88.05.

About TSYS

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 TSYS (NYSE:TSS)

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