Legal & General Group Plc Has $57.82 Million Holdings in Total System Services, Inc. (TSS)

Legal & General Group Plc raised its position in shares of Total System Services, Inc. (NYSE:TSS) by 1.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 882,775 shares of the credit services provider’s stock after purchasing an additional 16,094 shares during the period. Legal & General Group Plc owned 0.48% of Total System Services worth $57,822,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TSS. Ameriprise Financial Inc. lifted its stake in shares of 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 worth $256,053,000 after acquiring an additional 3,553,887 shares during the period. Janus Henderson Group PLC lifted its stake in shares of 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 worth $101,071,000 after acquiring an additional 1,712,903 shares during the period. American Century Companies Inc. lifted its stake in shares of Total System Services by 5,111.9% in the 3rd quarter. American Century Companies Inc. now owns 1,000,833 shares of the credit services provider’s stock worth $65,555,000 after acquiring an additional 981,630 shares during the period. Wells Fargo & Company MN lifted its stake in shares of 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 worth $187,708,000 after acquiring an additional 675,452 shares during the period. Finally, Prudential Financial Inc. lifted its stake in shares of 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 worth $63,558,000 after acquiring an additional 671,800 shares during the period. 76.09% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on the stock. Morgan Stanley reaffirmed a “hold” rating on shares of Total System Services in a research note on Thursday, November 16th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $75.00 price target on shares of Total System Services in a research note on Monday, October 30th. Jefferies Group upped their price target on shares of Total System Services from $59.00 to $73.00 and gave the stock a “hold” rating in a research note on Monday, October 30th. Citigroup upped their price target on shares of Total System Services from $71.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Finally, Barclays upped 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 note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $69.36.

Total System Services, Inc. (TSS) traded down $0.78 during mid-day trading on Tuesday, hitting $73.10. 1,470,100 shares of the stock were exchanged, compared to its average volume of 1,261,585. Total System Services, Inc. has a twelve month low of $47.84 and a twelve month high of $74.72. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $13,582.56, a price-to-earnings ratio of 23.53, a P/E/G ratio of 1.81 and a beta of 1.10.

Total System Services (NYSE:TSS) last released its quarterly earnings results 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 net margin of 8.73% and a return on equity of 26.25%. The business had revenue of $852.80 million for the quarter, compared to analyst estimates of $842.30 million. During the same quarter in the previous year, the business earned $0.71 earnings per share. The firm’s revenue was up 8.0% compared to the same quarter last year. equities research analysts predict that Total System Services, Inc. will post 3.2 EPS for the current fiscal year.

In other news, EVP Patricia A. Watson sold 23,608 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $74.01, for a total transaction of $1,747,228.08. Following the sale, the executive vice president now owns 21,112 shares in the company, valued at $1,562,499.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.60% of the stock is owned by insiders.

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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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