Victory Capital Management Inc. boosted its holdings in Total System Services, Inc. (NYSE:TSS) by 10.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,529 shares of the credit services provider’s stock after buying an additional 3,165 shares during the quarter. Victory Capital Management Inc.’s holdings in Total System Services were worth $2,196,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Ameriprise Financial Inc. grew its position in shares of Total System Services by 422.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,395,728 shares of the credit services provider’s stock worth $256,053,000 after buying an additional 3,553,887 shares during the period. Janus Henderson Group PLC grew its position in Total System Services by 7,710.6% in 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 purchasing an additional 1,712,903 shares during the period. Wells Fargo & Company MN grew its position in Total System Services by 26.5% in 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 purchasing an additional 675,452 shares during the period. Prudential Financial Inc. grew its position in Total System Services by 160.2% in 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 purchasing an additional 671,800 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Total System Services by 21.9% in 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 purchasing an additional 649,271 shares during the period. Institutional investors and hedge funds own 76.09% of the company’s stock.
Shares of Total System Services, Inc. (TSS) traded down $0.78 during trading on Monday, reaching $73.10. The company had a trading volume of 1,470,139 shares, compared to its average volume of 1,261,585. Total System Services, Inc. has a fifty-two week low of $47.84 and a fifty-two week high of $74.72. The company has a market cap of $13,700.00, a PE ratio of 23.53, a P/E/G ratio of 1.81 and a beta of 1.10. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.02.
Total System Services (NYSE:TSS) last announced its quarterly earnings data on Tuesday, October 24th. The credit services provider reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.07. Total System Services had a return on equity of 26.25% and a net margin of 8.73%. The business had revenue of $852.80 million for the quarter, compared to analysts’ expectations of $842.30 million. During the same period in the previous year, the business posted $0.71 EPS. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. research analysts predict that Total System Services, Inc. will post 3.2 earnings per share for the current fiscal year.
Several analysts recently issued reports on the stock. Robert W. Baird reissued a “buy” rating on shares of Total System Services in a research report on Tuesday, September 26th. Royal Bank Of Canada assumed coverage on shares of Total System Services in a research report on Monday, August 28th. They issued an “outperform” rating and a $75.00 price target for the company. BidaskClub raised shares of Total System Services from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. Citigroup lifted their price objective on shares of Total System Services from $71.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Finally, Wedbush reaffirmed an “outperform” rating and set a $72.00 price objective on shares of Total System Services in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Total System Services presently has a consensus rating of “Buy” and a consensus target price of $69.36.
In related news, EVP Patricia A. Watson sold 23,608 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $74.01, for a total value of $1,747,228.08. Following the sale, the executive vice president now directly owns 21,112 shares in the company, valued at approximately $1,562,499.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.60% of the company’s stock.
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About Total System Services
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.
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