Victory Capital Management Inc. Has $2.94 Million Stake in Total System Services, Inc. (TSS)

Victory Capital Management Inc. grew its position in Total System Services, Inc. (NYSE:TSS) by 11.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,226 shares of the credit services provider’s stock after acquiring an additional 3,697 shares during the period. Victory Capital Management Inc.’s holdings in Total System Services were worth $2,944,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Pictet Asset Management Ltd. lifted its stake in shares of Total System Services by 13.0% in the third quarter. Pictet Asset Management Ltd. now owns 1,212,512 shares of the credit services provider’s stock valued at $79,420,000 after purchasing an additional 139,254 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Total System Services by 9.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,178,746 shares of the credit services provider’s stock valued at $77,208,000 after purchasing an additional 97,514 shares during the period. American Century Companies Inc. lifted its stake in shares of Total System Services by 5,111.9% in the third quarter. American Century Companies Inc. now owns 1,000,833 shares of the credit services provider’s stock valued at $65,555,000 after purchasing an additional 981,630 shares during the period. Legal & General Group Plc lifted its stake in shares of Total System Services by 1.9% in the third quarter. Legal & General Group Plc now owns 882,775 shares of the credit services provider’s stock valued at $57,822,000 after purchasing an additional 16,094 shares during the period. Finally, Allianz Asset Management GmbH lifted its stake in shares of Total System Services by 16.1% in the third quarter. Allianz Asset Management GmbH now owns 772,877 shares of the credit services provider’s stock valued at $50,623,000 after purchasing an additional 107,104 shares during the period. 74.20% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Dorenda K. Weaver sold 2,686 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $87.81, for a total value of $235,857.66. Following the completion of the transaction, the executive vice president now owns 49,367 shares of the company’s stock, valued at $4,334,916.27. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman M Troy Woods sold 213,056 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $83.82, for a total transaction of $17,858,353.92. The disclosure for this sale can be found here. In the last three months, insiders sold 363,454 shares of company stock valued at $30,861,562. Company insiders own 2.60% of the company’s stock.

Several analysts recently commented on TSS shares. BMO Capital Markets raised their price objective on shares of Total System Services from $70.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Robert W. Baird raised their price objective 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. Zacks Investment Research upgraded shares of Total System Services from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Friday, December 15th. Goldman Sachs Group cut shares of Total System Services from a “buy” rating to a “neutral” rating in a research report on Monday, December 11th. Finally, Morgan Stanley lifted their target price on shares of Total System Services from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Total System Services has an average rating of “Buy” and a consensus price target of $82.08.

Total System Services, Inc. (TSS) opened at $87.08 on Tuesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.09 and a quick ratio of 1.03. The firm has a market cap of $16,009.33, a P/E ratio of 27.04, a PEG ratio of 1.50 and a beta of 1.13. Total System Services, Inc. has a 52-week low of $50.96 and a 52-week high of $89.92.

Total System Services (NYSE:TSS) last posted its quarterly earnings data on Tuesday, January 23rd. The credit services provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. The business had revenue of $870.61 million during the quarter, compared to analyst estimates of $848.20 million. Total System Services had a net margin of 11.90% and a return on equity of 26.21%. The company’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.71 earnings per share. analysts forecast that Total System Services, Inc. will post 3.96 EPS for the current year.

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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.

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

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