Total System Services, Inc. (TSS) Position Boosted by APG Asset Management N.V.

APG Asset Management N.V. increased its stake in Total System Services, Inc. (NYSE:TSS) by 28.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 127,211 shares of the credit services provider’s stock after purchasing an additional 28,000 shares during the quarter. APG Asset Management N.V. owned 0.07% of Total System Services worth $8,332,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Total System Services by 3.3% in the second quarter. Vanguard Group Inc. now owns 16,532,149 shares of the credit services provider’s stock worth $962,997,000 after purchasing an additional 525,686 shares during the last quarter. Synovus Financial Corp boosted its holdings in Total System Services by 1.0% in the second quarter. Synovus Financial Corp now owns 13,709,409 shares of the credit services provider’s stock worth $798,579,000 after purchasing an additional 134,998 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Total System Services by 422.2% in the second quarter. Ameriprise Financial Inc. now owns 4,395,728 shares of the credit services provider’s stock worth $256,053,000 after purchasing an additional 3,553,887 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Total System Services by 21.9% in the second quarter. Goldman Sachs Group Inc. now owns 3,610,449 shares of the credit services provider’s stock worth $210,308,000 after purchasing an additional 649,271 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Total System Services by 26.5% in the second quarter. Wells Fargo & Company MN now owns 3,222,462 shares of the credit services provider’s stock worth $187,708,000 after purchasing an additional 675,452 shares during the last quarter. Institutional investors own 76.93% of the company’s stock.

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Shares of Total System Services, Inc. (NYSE TSS) opened at $72.33 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.02. The stock has a market cap of $13,297.60, a price-to-earnings ratio of 23.03, a price-to-earnings-growth ratio of 1.77 and a beta of 1.11. Total System Services, Inc. has a fifty-two week low of $47.01 and a fifty-two week high of $73.84.

Total System Services (NYSE:TSS) last announced its quarterly earnings results on Tuesday, October 24th. The credit services provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.07. The company had revenue of $852.80 million for the quarter, compared to the consensus estimate of $842.30 million. Total System Services had a net margin of 8.73% and a return on equity of 26.25%. Total System Services’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 EPS. equities research analysts predict that Total System Services, Inc. will post 3.2 earnings per share for the current year.

Several equities research analysts recently issued reports on TSS shares. Stephens raised their target price on shares of Total System Services from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, October 25th. Zacks Investment Research cut shares of Total System Services from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Barclays PLC raised their target price on shares of Total System Services from $72.00 to $78.00 and gave the stock an “overweight” rating in a report on Wednesday, October 11th. Robert W. Baird raised their target price on shares of Total System Services from $76.00 to $78.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. Finally, Wells Fargo & Company increased their price target on shares of Total System Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $69.36.

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.

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

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