Advisor Partners LLC Purchases 581 Shares of Total System Services, Inc. (TSS)
Advisor Partners LLC raised its position in Total System Services, Inc. (NYSE:TSS) by 17.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,915 shares of the credit services provider’s stock after acquiring an additional 581 shares during the quarter. Advisor Partners LLC’s holdings in Total System Services were worth $318,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of TSS. BlackRock Inc. raised its stake in shares of Total System Services by 4.9% in the third quarter. BlackRock Inc. now owns 12,662,032 shares of the credit services provider’s stock worth $1,250,251,000 after buying an additional 593,390 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Total System Services by 699.1% in the 3rd quarter. Renaissance Technologies LLC now owns 393,665 shares of the credit services provider’s stock worth $38,870,000 after purchasing an additional 344,400 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Total System Services by 53.1% in the 3rd 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 period. Canada Pension Plan Investment Board lifted its stake in shares of Total System Services by 2,822,000.0% during the 3rd quarter. Canada Pension Plan Investment Board now owns 282,210 shares of the credit services provider’s stock worth $27,865,000 after acquiring an additional 282,200 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Total System Services by 547.9% during the 3rd quarter. Victory Capital Management Inc. now owns 294,156 shares of the credit services provider’s stock worth $29,045,000 after acquiring an additional 248,752 shares during the last quarter. 76.74% of the stock is currently owned by institutional investors.
A number of equities research analysts have weighed in on TSS shares. Nomura lifted their target price on Total System Services from $107.00 to $109.00 and gave the company a “buy” rating in a research report on Wednesday, October 24th. Zacks Investment Research upgraded Total System Services from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a research note on Friday, October 26th. Jefferies Financial Group assumed coverage on Total System Services in a research note on Monday, January 28th. They set a “buy” rating and a $105.00 target price on the stock. ValuEngine downgraded Total System Services from a “buy” rating to a “hold” rating in a research note on Friday, November 23rd. Finally, Royal Bank of Canada boosted their price target on Total System Services to $110.00 and gave the company an “in-line” rating in a research note on Wednesday, January 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $98.53.
Total System Services (NYSE:TSS) last issued its quarterly earnings data on Tuesday, January 29th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.07. Total System Services had a return on equity of 31.17% and a net margin of 14.31%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $968.62 million. Analysts expect that Total System Services, Inc. will post 4.64 EPS for the current year.
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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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