Senior Directors at TSYS (NYSE-TSS) are cashing out? Ouch . . .

Who and why are the senior management at TSYS selling their shares in TSYS (NYSE TSS) Total Systems, so rapidly and frequently, is there something the others, the retail and small investors, don't know about, does it have to do with the way the payment processing industry is changing? Or is it about the way their ex-CIO Ashim Jaswant Banerjee and his buddy the present VP-Finance in charge of India Eric Lawrence Craig along with Venkat Raju, all of Infonox and TSYS, are doing something strange with UIDAI and Aadhaar?

http://wallstcheatsheet.com/stocks/total-system-services-major-shareholders-cashing-stock-in-q3.html/

http://wallstcheatsheet.com/stocks/total-system-services-major-shareholders-cashing-stock-in-q3.html/

nsiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently decreased stock shares of Total System Services, Inc. (NYSE:TSS).

SEC data indicate these insiders have sold Total System Services, Inc.’s stock since 06/30/2011:

• Woods M Troy: act as President and COO. On 10/28/2011, sold 172,177 shares, worth $3,469,400.
• Blanchard James H: act as Director. On 08/30/2011, sold 112,050 shares, worth $2,013,500.
• Tomlinson Philip W: act as Chairman of the Board & CEO(Click HERE for the list of stocks that their CEOs have bought). On 11/16/2011, sold 100,000 shares, worth $2,013,000.
• Griffith G Sanders Iii: act as Sr. EVP, Gen. Counsel, Sec.. On 10/28/2011, sold 72,652 shares, worth $1,463,900.
• Lipham James B: act as Sr EVP and CFO. On 11/15/2011, sold 48,837 shares, worth $986,000.

SEC data indicate that these institutions significantly reduced their stock shares of Total System Services, Inc. in Q3 2011:

• ARTISAN PARTNERS LIMITED PARTNERSHIP: On 06/30/2011, held 11,822,730 shares, worth $200,158,819. On 09/30/2011, held 0 shares.
• MORGAN STANLEY: On 06/30/2011, held 521,782 shares, worth $8,833,769. On 09/30/2011, held 0 shares.
• RENAISSANCE TECHNOLOGIES LLC: On 06/30/2011, held 504,065 shares, worth $8,533,820. On 09/30/2011, held 0 shares.
• QS INVESTORS, LLC: On 06/30/2011, held 327,593 shares, worth $5,546,149. On 09/30/2011, held 0 shares.
• SIGMA CAPITAL MANAGEMENT LLC: On 06/30/2011, held 280,314 shares, worth $4,745,716. On 09/30/2011, held 0 shares.

About the company: Total System Services, Inc. provides electronic payment processing and related services to financial and nonfinancial institutions. The Company’s services include processing consumer, retail, commercial, government services, stored value and debit cards. Total System serves institutions throughout the United States and internationally.

Competitors to Watch: Visa Inc. (NYSE:V), Fidelity National Information Services (NYSE:FIS), MasterCard Incorporated (NYSE:MA), Cass Information Systems (NASDAQ:CASS), NetSpend Holdings Inc (NASDAQ:NTSP), Fiserv, Inc. (NASDAQ:FISV), MoneyGram Intl., Inc. (NYSE:MGI), ACI Worldwide Inc (NASDAQ:ACIW), Banks.com Inc (AMEX:BNX), and Intl. Business Machines Corp. (NYSE:IBM).