Bank of New York Mellon Corp Has $92.57 Million Holdings in Total System Services, Inc. (TSS)

Bank of New York Mellon Corp trimmed its stake in shares of Total System Services, Inc. (NYSE:TSS) by 4.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,413,323 shares of the credit services provider’s stock after selling 71,673 shares during the period. Bank of New York Mellon Corp owned about 0.77% of Total System Services worth $92,573,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of TSS. Teacher Retirement System of Texas acquired a new position in shares of Total System Services during the 3rd quarter valued at $3,146,000. Advisor Group Inc. increased its position in shares of Total System Services by 19.9% in the 3rd quarter. Advisor Group Inc. now owns 27,940 shares of the credit services provider’s stock worth $1,829,000 after purchasing an additional 4,634 shares during the last quarter. Toronto Dominion Bank grew its position in shares of Total System Services by 24.1% during the 3rd quarter. Toronto Dominion Bank now owns 69,620 shares of the credit services provider’s stock valued at $4,560,000 after buying an additional 13,521 shares during the last quarter. Zweig DiMenna Associates LLC bought a new stake in shares of Total System Services during the 3rd quarter valued at about $275,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its position in shares of Total System Services by 217.8% during the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 130,098 shares of the credit services provider’s stock valued at $8,486,000 after buying an additional 89,159 shares during the last quarter. 76.09% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on TSS shares. Stephens upped their price target on shares of Total System Services from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 25th. Zacks Investment Research downgraded shares of Total System Services from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Barclays upped their price objective on shares of Total System Services from $72.00 to $78.00 and gave the company an “overweight” rating in a research note on Wednesday, October 11th. Morgan Stanley restated a “hold” rating on shares of Total System Services in a research note on Thursday, November 16th. Finally, Robert W. Baird upped their price objective 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. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $69.36.

Shares of Total System Services, Inc. (TSS) traded down $0.78 on Tuesday, reaching $73.10. 1,470,100 shares of the company’s stock were exchanged, compared to its average volume of 1,261,585. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.03 and a current ratio of 1.03. Total System Services, Inc. has a 1 year low of $47.84 and a 1 year high of $74.72. The company 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 posted 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 net margin of 8.73% and a return on equity of 26.25%. The company had revenue of $852.80 million for the quarter, compared to the consensus estimate of $842.30 million. During the same period last year, the company earned $0.71 earnings per share. The firm’s revenue was up 8.0% compared to the same quarter last year. research analysts forecast that Total System Services, Inc. will post 3.2 EPS for the current year.

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

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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.

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

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