AMP Capital Investors Ltd Increases Stake in Total System Services, Inc. (TSS)

AMP Capital Investors Ltd increased its position in Total System Services, Inc. (NYSE:TSS) by 103.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,455 shares of the credit services provider’s stock after purchasing an additional 64,311 shares during the period. AMP Capital Investors Ltd owned approximately 0.07% of Total System Services worth $8,284,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Synovus Financial Corp boosted its stake in Total System Services by 1.0% in the 2nd quarter. Synovus Financial Corp now owns 13,709,409 shares of the credit services provider’s stock worth $798,579,000 after purchasing an additional 134,998 shares in the last quarter. Nationwide Fund Advisors boosted its stake in Total System Services by 21.4% in the 2nd quarter. Nationwide Fund Advisors now owns 363,203 shares of the credit services provider’s stock worth $21,157,000 after purchasing an additional 64,038 shares in the last quarter. Gotham Asset Management LLC boosted its stake in Total System Services by 801.6% in the 2nd quarter. Gotham Asset Management LLC now owns 114,449 shares of the credit services provider’s stock worth $6,667,000 after purchasing an additional 101,755 shares in the last quarter. South Dakota Investment Council bought a new position in Total System Services during the 2nd quarter valued at about $711,000. Finally, Principal Financial Group Inc. lifted its stake in Total System Services by 2.8% during the 2nd quarter. Principal Financial Group Inc. now owns 472,894 shares of the credit services provider’s stock valued at $27,546,000 after acquiring an additional 12,752 shares during the period. Institutional investors own 76.09% of the company’s stock.

TSS has been the topic of several research analyst reports. Barclays upped their target price on shares of Total System Services from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, October 25th. Robert W. Baird upped their target price on shares of Total System Services from $76.00 to $78.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. BidaskClub upgraded shares of Total System Services from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. KeyCorp restated an “overweight” rating on shares of Total System Services in a research note on Thursday, August 31st. Finally, Stifel Nicolaus cut shares of Total System Services from a “buy” rating to a “hold” rating and set a $69.00 target price on the stock. in a research note on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $69.36.

In related news, EVP Patricia A. Watson sold 23,608 shares of the stock in a transaction that occurred on 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 directly owns 21,112 shares of the company’s stock, valued at approximately $1,562,499.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.60% of the stock is owned by corporate insiders.

Total System Services, Inc. (TSS) traded up $0.38 during midday trading on Wednesday, hitting $77.00. 868,700 shares of the stock traded hands, compared to its average volume of 1,262,885. Total System Services, Inc. has a 12-month low of $48.65 and a 12-month high of $77.38. The stock has a market cap of $14,086.30, a price-to-earnings ratio of 24.40, a P/E/G ratio of 1.88 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 released its quarterly earnings results on Tuesday, October 24th. The credit services provider reported $0.88 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $852.80 million during the quarter, compared to analyst estimates of $842.30 million. During the same quarter in the prior year, the firm earned $0.71 EPS. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. analysts forecast that Total System Services, Inc. will post 3.2 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Thursday, December 21st will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Wednesday, December 20th. Total System Services’s payout ratio is currently 23.11%.

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Total System Services Company 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.

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

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