State Treasurer State of Michigan Boosts Stake in Total System Services, Inc. (NYSE:TSS)

State Treasurer State of Michigan lifted its stake in shares of Total System Services, Inc. (NYSE:TSS) by 37.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,923 shares of the credit services provider’s stock after acquiring an additional 20,470 shares during the quarter. State Treasurer State of Michigan’s holdings in Total System Services were worth $4,907,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Synovus Financial Corp increased its stake in shares of Total System Services by 1.0% during the second quarter. Synovus Financial Corp now owns 13,709,409 shares of the credit services provider’s stock valued at $798,579,000 after acquiring an additional 134,998 shares during the period. Nationwide Fund Advisors grew its position in Total System Services by 21.4% in the second quarter. Nationwide Fund Advisors now owns 363,203 shares of the credit services provider’s stock worth $21,157,000 after buying an additional 64,038 shares during the last quarter. South Dakota Investment Council acquired a new position in Total System Services in the second quarter worth approximately $711,000. Gotham Asset Management LLC grew its position in Total System Services by 801.6% in the second quarter. Gotham Asset Management LLC now owns 114,449 shares of the credit services provider’s stock worth $6,667,000 after buying an additional 101,755 shares during the last quarter. Finally, Aviva PLC grew its position in Total System Services by 10.6% in the second quarter. Aviva PLC now owns 106,880 shares of the credit services provider’s stock worth $6,227,000 after buying an additional 10,240 shares during the last quarter. Institutional investors and hedge funds own 76.41% of the company’s stock.

In related news, CFO Paul M. Todd sold 4,057 shares of Total System Services stock in a transaction on Monday, August 14th. The shares were sold at an average price of $63.50, for a total value of $257,619.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.60% of the stock is currently owned by insiders.

Several research firms have issued reports on TSS. Stifel Nicolaus restated a “hold” rating and issued a $75.00 price target (up previously from $69.00) on shares of Total System Services in a research report on Wednesday, October 25th. Wedbush began coverage on shares of Total System Services in a research report on Thursday, August 3rd. They issued an “outperform” rating and a $72.00 price target on the stock. Zacks Investment Research upgraded shares of Total System Services from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research report on Tuesday, September 19th. Jefferies Group LLC restated a “hold” rating and issued a $59.00 price target on shares of Total System Services in a research report on Thursday, October 12th. Finally, Barclays PLC lifted their price target on shares of Total System Services from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $69.36.

Shares of Total System Services, Inc. (NYSE:TSS) traded up $0.10 during trading hours on Friday, hitting $72.33. 1,126,500 shares of the company’s stock were exchanged, compared to its average volume of 1,256,713. The firm has a market cap of $13,297.58, a price-to-earnings ratio of 23.04, a P/E/G ratio of 1.77 and a beta of 1.11. Total System Services, Inc. has a 52 week low of $47.01 and a 52 week high of $73.84. The company has a quick ratio of 1.09, a current ratio of 1.03 and a debt-to-equity ratio of 1.02.

Total System Services (NYSE:TSS) last released its quarterly earnings data on Tuesday, October 24th. The credit services provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.07. Total System Services had a net margin of 8.73% and a return on equity of 26.25%. The business had revenue of $852.80 million during the quarter, compared to analyst estimates of $842.30 million. During the same quarter in the previous year, the business earned $0.71 EPS. Total System Services’s quarterly revenue was up 8.0% compared to the same quarter last year. sell-side analysts expect that Total System Services, Inc. will post 3.2 earnings per share for the current year.

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Total System Services 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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