Chevy Chase Trust Holdings Inc. reduced its position in shares of Total System Services Inc. (NYSE:TSS) by 4.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 138,543 shares of the company’s stock after selling 6,277 shares during the period. Chevy Chase Trust Holdings Inc. owned 0.08% of Total System Services worth $6,532,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TSS. Pensionfund Sabic purchased a new position in shares of Total System Services during the second quarter worth about $1,604,000. Pensionfund DSM Netherlands purchased a new position in shares of Total System Services during the second quarter worth about $3,505,000. Raymond James Trust N.A. boosted its position in shares of Total System Services by 51.8% in the second quarter. Raymond James Trust N.A. now owns 6,561 shares of the company’s stock worth $348,000 after buying an additional 2,240 shares during the period. CHURCHILL MANAGEMENT Corp purchased a new position in shares of Total System Services during the second quarter worth about $4,247,000. Finally, Exxonmobil Investment Management Inc. TX boosted its position in shares of Total System Services by 6.6% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 43,725 shares of the company’s stock worth $2,322,000 after buying an additional 2,696 shares during the period. 72.37% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Total System Services Inc. (NYSE:TSS) traded down 2.57% during trading on Wednesday, hitting $49.30. 961,584 shares of the stock traded hands. The company has a 50 day moving average price of $49.19 and a 200 day moving average price of $50.51. The firm has a market cap of $9.06 billion, a price-to-earnings ratio of 27.67 and a beta of 1.06. Total System Services Inc. has a 12 month low of $37.47 and a 12 month high of $56.69.

Total System Services (NYSE:TSS) last posted its quarterly earnings data on Tuesday, October 25th. The company reported $0.71 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.71. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Total System Services had a net margin of 9.67% and a return on equity of 23.57%. The business’s quarterly revenue was up 62.0% on a year-over-year basis. During the same quarter last year, the company posted $0.78 EPS. Analysts anticipate that Total System Services Inc. will post $2.81 earnings per share for the current fiscal year.

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TSS has been the topic of a number of recent analyst reports. Robert W. Baird raised shares of Total System Services from a “neutral” rating to an “outperform” rating and set a $60.00 price objective on the stock in a research note on Friday, August 12th. Citigroup Inc. decreased their price objective on shares of Total System Services from $63.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, September 14th. Finally, Nomura reissued a “buy” rating and issued a $58.00 price objective on shares of Total System Services in a research note on Monday, October 3rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. Total System Services has a consensus rating of “Hold” and a consensus price target of $53.73.

In related news, Director Philip W. Tomlinson sold 94,317 shares of the stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $48.53, for a total transaction of $4,577,204.01. Following the transaction, the director now owns 197,966 shares of the company’s stock, valued at approximately $9,607,289.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Dorenda K. Weaver sold 13,781 shares of the stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $51.03, for a total transaction of $703,244.43. Following the transaction, the executive vice president now directly owns 43,134 shares in the company, valued at approximately $2,201,128.02. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

About Total System Services

Total System Services, Inc (TSYS) is a payment solutions provider that provides services to financial and nonfinancial institutions. The Company’s segments include North America Services, Merchant Services, NetSpend and International Services. The Company also provides processing services, acquiring solutions, related systems and integrated support services to merchant acquirers and merchants.

5 Day Chart for NYSE:TSS

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