Total System Services Inc (TSS) Files Form 4 Insider Selling : Dorenda K Weaver Sells 10,802 Shares

Total System Services Inc (TSS): Dorenda K Weaver , EVP & Chief Accounting Officer of Total System Services Inc sold 10,802 shares on May 11, 2016. The Insider selling transaction was reported by the company on May 12, 2016 to the Securities and Exchange Commission. The shares were sold at $53.03 per share for a total value of $572,840.12 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 2, 2016, William A Pruett (Senior Executive Vice Pres.) sold 50,216 shares at $50.45 per share price.On Feb 4, 2016, Kriss Iii Cloninger (director) purchased 3,000 shares at $38.80 per share price.Also, On Feb 2, 2016, Sidney E Harris (director) purchased 600 shares at $39.71 per share price.On Jan 29, 2016, James H Blanchard (director) purchased 12,500 shares at $40.01 per share price.

Total System Services: On Tuesday, May 10, 2016 heightened volatility was witnessed in Total System Services which led to swings in the share price. The shares opened for trading at $52.95 and hit $53.31 on the upside , eventually ending the session at $53.23, with a gain of 0.74% or 0.39 points. The heightened volatility saw the trading volume jump to 16,11,890 shares. The 52-week high of the share price is $56.69 and the company has a market cap of $9,774 M . The 52-week low of the share price is at $37.47.

Total System Services Money Flow Index Chart

Company has been under the radar of several Street Analysts.Total System Services is Reiterated by Compass Point to Neutral and the brokerage firm has raised the Price Target to $ 56 from a previous price target of $51 .The Rating was issued on Apr 27, 2016.Total System Services is Upgraded by Wells Fargo to Outperform. Earlier the firm had a rating of Market Perform on the company shares. The Rating was issued on Apr 27, 2016.Total System Services is Initiated by Nomura to Buy and the brokerage firm has set the Price Target at $56. The Rating was issued on Apr 20, 2016.Total System Services is Initiated by Compass Point to Neutral and the brokerage firm has set the Price Target at $51. The Rating was issued on Apr 15, 2016.Total System Services is Resumed by Goldman to Sell and the brokerage firm has set the Price Target at $44. The Rating was issued on Apr 13, 2016.

Total System Services Inc. (TSYS) is a global payment solutions provider that provides services to financial and nonfinancial institutions. The Company also provides processing services acquiring solutions related systems and integrated support services to merchant acquirers and merchants. In addition it provides general purpose reloadable (GPR) prepaid and payroll cards and alternative financial service solutions to the underbanked and other consumers. Its operating segments include North America Services Merchant Services NetSpend and International Services. Through the Company’s North America Services and International Services segments TSYS processes information through its cardholder systems to financial and non-financial institutions. The Merchant Services segment includes electronic processing and other services provided to merchants and merchant acquirers. The NetSpend segment provides GPR prepaid debit and payroll cards and alternative financial service solutions.

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