Mutual of America Capital Management LLC Buys 2,479 Shares of Total System Services, Inc. (TSS)

Mutual of America Capital Management LLC lifted its stake in shares of Total System Services, Inc. (NYSE:TSS) by 4.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,249 shares of the credit services provider’s stock after purchasing an additional 2,479 shares during the period. Mutual of America Capital Management LLC’s holdings in Total System Services were worth $3,750,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Ameriprise Financial Inc. grew its holdings in Total System Services by 422.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,395,728 shares of the credit services provider’s stock valued at $256,053,000 after buying an additional 3,553,887 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Total System Services by 7,710.6% during the 2nd quarter. Janus Henderson Group PLC now owns 1,735,118 shares of the credit services provider’s stock valued at $101,071,000 after acquiring an additional 1,712,903 shares during the period. Wells Fargo & Company MN lifted its position in shares of Total System Services by 26.5% during the 2nd quarter. Wells Fargo & Company MN now owns 3,222,462 shares of the credit services provider’s stock valued at $187,708,000 after acquiring an additional 675,452 shares during the period. Prudential Financial Inc. lifted its position in shares of Total System Services by 160.2% during the 2nd quarter. Prudential Financial Inc. now owns 1,091,132 shares of the credit services provider’s stock valued at $63,558,000 after acquiring an additional 671,800 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of Total System Services by 21.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 3,610,449 shares of the credit services provider’s stock valued at $210,308,000 after acquiring an additional 649,271 shares during the period. 76.41% of the stock is currently owned by institutional investors and hedge funds.

Total System Services, Inc. (NYSE:TSS) traded up $0.10 during mid-day trading on Friday, hitting $72.33. The company’s stock had a trading volume of 1,126,500 shares, compared to its average volume of 1,272,067. Total System Services, Inc. has a 1 year low of $47.01 and a 1 year high of $73.84. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.03 and a quick ratio of 1.09. The stock has a market cap of $13,279.21, a P/E ratio of 23.00, a price-to-earnings-growth ratio of 1.77 and a beta of 1.11.

Total System Services (NYSE:TSS) last posted its quarterly earnings results on Tuesday, October 24th. The credit services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 26.25% and a net margin of 8.73%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.71 EPS. research analysts forecast that Total System Services, Inc. will post 3.2 earnings per share for the current year.

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In related news, CFO Paul M. Todd sold 4,057 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $63.50, for a total value of $257,619.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 2.60% of the company’s stock.

TSS has been the subject of several recent analyst reports. Zacks Investment Research downgraded Total System Services from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Cowen and Company reissued a “buy” rating and issued a $67.00 price target on shares of Total System Services in a research note on Thursday, September 7th. KeyCorp reissued an “overweight” rating on shares of Total System Services in a research note on Thursday, August 31st. Robert W. Baird raised their target price on Total System Services from $76.00 to $78.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. Finally, BMO Capital Markets raised their target price on Total System Services from $70.00 to $77.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $69.36.

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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