Leavell Investment Management Inc. reduced its position in shares of Total System Services, Inc. (NYSE:TSS) by 0.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 102,009 shares of the credit services provider’s stock after selling 719 shares during the quarter. Total System Services makes up about 1.0% of Leavell Investment Management Inc.’s holdings, making the stock its 24th biggest holding. Leavell Investment Management Inc. owned about 0.06% of Total System Services worth $8,068,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Total System Services by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 16,532,149 shares of the credit services provider’s stock worth $962,997,000 after purchasing an additional 525,686 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in 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 purchasing an additional 3,553,887 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings 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 worth $210,308,000 after purchasing an additional 649,271 shares in the last quarter. Northern Trust Corp raised its holdings in Total System Services by 13.0% in the 2nd quarter. Northern Trust Corp now owns 2,184,583 shares of the credit services provider’s stock worth $127,252,000 after purchasing an additional 251,761 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings 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 worth $101,071,000 after purchasing an additional 1,712,903 shares in the last quarter. Institutional investors own 75.93% of the company’s stock.

In related news, EVP Patricia A. Watson sold 23,608 shares of the stock in a transaction dated 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 directly owns 21,112 shares of the company’s stock, valued at approximately $1,562,499.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.60% of the company’s stock.

Several research analysts have commented on TSS shares. 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 report on Friday, December 15th. Barclays upped their price objective on shares of Total System Services from $78.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, October 25th. 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. Keefe, Bruyette & Woods restated a “buy” rating and issued a $91.00 price objective on shares of Total System Services in a report on Friday, December 22nd. Finally, Royal Bank of Canada restated a “buy” rating and issued a $90.00 price objective on shares of Total System Services in a report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. Total System Services presently has a consensus rating of “Buy” and a consensus price target of $74.04.

Shares of Total System Services, Inc. (NYSE:TSS) traded up $0.80 during trading on Thursday, hitting $81.49. 1,429,000 shares of the company traded hands, compared to its average volume of 1,357,429. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $15,010.00, a price-to-earnings ratio of 36.22, a price-to-earnings-growth ratio of 1.79 and a beta of 1.10. Total System Services, Inc. has a 52 week low of $49.98 and a 52 week high of $81.88.

Total System Services (NYSE:TSS) last issued its quarterly earnings results on Tuesday, October 24th. The credit services provider reported $0.88 earnings per share (EPS) for the quarter, topping 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 company had revenue of $852.80 million during the quarter, compared to analyst estimates of $842.30 million. During the same period last year, the business earned $0.71 EPS. Total System Services’s quarterly revenue was up 8.0% compared to the same quarter last year. equities analysts anticipate that Total System Services, Inc. will post 3.2 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Thursday, December 21st were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend was Wednesday, December 20th. Total System Services’s dividend payout ratio (DPR) is 23.11%.

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

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