Northwestern Mutual Wealth Management Co. lifted its stake in shares of Total System Services, Inc. (NYSE:TSS) by 9.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 17,005 shares of the credit services provider’s stock after acquiring an additional 1,517 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Total System Services were worth $1,568,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of TSS. Janus Henderson Group PLC lifted its holdings in shares of Total System Services by 56.5% during the 2nd quarter. Janus Henderson Group PLC now owns 2,897,435 shares of the credit services provider’s stock worth $244,891,000 after acquiring an additional 1,045,842 shares during the last quarter. Bank of Montreal Can bought a new stake in Total System Services in the second quarter worth $34,267,000. Massachusetts Financial Services Co. MA lifted its stake in Total System Services by 53.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 885,306 shares of the credit services provider’s stock worth $87,416,000 after purchasing an additional 307,042 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in Total System Services by 132.5% in the second quarter. BNP Paribas Arbitrage SA now owns 505,526 shares of the credit services provider’s stock worth $42,727,000 after purchasing an additional 288,101 shares during the last quarter. Finally, Worldquant Millennium Quantitative Strategies LLC bought a new stake in Total System Services in the second quarter worth $23,638,000. 76.92% of the stock is owned by institutional investors.

TSS has been the subject of several recent research reports. Nomura boosted their price target on shares of Total System Services from $96.00 to $107.00 and gave the stock a “buy” rating in a research note on Tuesday, August 21st. Zacks Investment Research raised shares of Total System Services from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a research note on Monday, July 30th. Guggenheim reissued a “buy” rating and issued a $103.00 price target on shares of Total System Services in a research note on Wednesday, July 25th. Citigroup boosted their price target on shares of Total System Services from $104.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $105.00 price target on shares of Total System Services in a research note on Wednesday, July 25th. Seven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $96.11.

Shares of NYSE:TSS opened at $91.97 on Friday. The stock has a market cap of $16.53 billion, a PE ratio of 28.56, a PEG ratio of 1.51 and a beta of 1.21. The company has a quick ratio of 2.55, a current ratio of 2.57 and a debt-to-equity ratio of 1.47. Total System Services, Inc. has a 12 month low of $71.67 and a 12 month high of $100.39.

Total System Services (NYSE:TSS) last issued its quarterly earnings data on Tuesday, October 23rd. The credit services provider reported $1.16 EPS for the quarter, beating the consensus estimate of $1.09 by $0.07. The firm had revenue of $964.60 million during the quarter, compared to the consensus estimate of $950.55 million. Total System Services had a net margin of 15.93% and a return on equity of 30.28%. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.88 earnings per share. On average, equities analysts anticipate that Total System Services, Inc. will post 4.25 earnings per share for the current year.

In other news, EVP Dorenda K. Weaver sold 5,009 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $99.00, for a total transaction of $495,891.00. Following the completion of the transaction, the executive vice president now directly owns 44,358 shares of the company’s stock, valued at $4,391,442. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.40% of the company’s stock.

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Total System Services Company Profile

Total System Services, Inc provides payment processing, merchant, and related payment services to financial and nonfinancial institutions worldwide. The company operates through three segments: Merchant Solutions, Issuer Solutions, and Netspend. It offers general purpose reloadable prepaid and payroll cards, demand deposit accounts, and other financial service solutions to the underbanked and other consumers and businesses.

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

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