Robeco Institutional Asset Management B.V. reduced its stake in Total System Services, Inc. (NYSE:TSS) by 15.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 83,978 shares of the credit services provider’s stock after selling 15,000 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Total System Services were worth $4,892,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Prudential Financial Inc. boosted its position in shares of Total System Services by 160.2% in the second quarter. Prudential Financial Inc. now owns 1,091,132 shares of the credit services provider’s stock valued at $63,558,000 after buying an additional 671,800 shares during the period. GHP Investment Advisors Inc. raised its position in Total System Services by 10.6% in the second quarter. GHP Investment Advisors Inc. now owns 14,058 shares of the credit services provider’s stock valued at $819,000 after buying an additional 1,348 shares in the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI raised its position in Total System Services by 0.3% in the second quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 34,278 shares of the credit services provider’s stock valued at $1,997,000 after buying an additional 100 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. bought a new position in Total System Services during the second quarter valued at about $830,000. Finally, American Century Companies Inc. raised its position in Total System Services by 3.3% in the second quarter. American Century Companies Inc. now owns 19,203 shares of the credit services provider’s stock valued at $1,119,000 after buying an additional 620 shares in the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Shares of Total System Services, Inc. (NYSE:TSS) opened at 68.95 on Friday. The company has a 50-day moving average price of $64.41 and a 200-day moving average price of $58.38. The firm has a market capitalization of $12.70 billion, a price-to-earnings ratio of 33.45 and a beta of 1.13. Total System Services, Inc. has a 12 month low of $46.22 and a 12 month high of $69.46.

Total System Services (NYSE:TSS) last issued its earnings results on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.05. Total System Services had a return on equity of 25.49% and a net margin of 8.78%. The business had revenue of $844.07 million during the quarter, compared to analysts’ expectations of $842.57 million. During the same quarter in the prior year, the firm earned $0.74 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. Equities analysts forecast that Total System Services, Inc. will post $3.28 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 29th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Wednesday, September 20th. This is a boost from Total System Services’s previous quarterly dividend of $0.10. Total System Services’s dividend payout ratio is presently 19.51%.

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Several research analysts have issued reports on the company. KeyCorp reiterated an “overweight” rating on shares of Total System Services in a research note on Thursday. Zacks Investment Research upgraded Total System Services from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research note on Wednesday. Royal Bank Of Canada assumed coverage on Total System Services in a research note on Monday, August 28th. They set an “outperform” rating and a $75.00 price objective for the company. BidaskClub upgraded Total System Services from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Finally, Wedbush reiterated an “outperform” rating and set a $72.00 price objective on shares of Total System Services in a research note on Wednesday, August 9th. Seven research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $65.05.

In other Total System Services news, CFO Paul M. Todd sold 4,057 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $63.50, for a total value of $257,619.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard W. Ussery sold 48,000 shares of the company’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $59.19, for a total value of $2,841,120.00. Following the completion of the transaction, the director now directly owns 219,968 shares of the company’s stock, valued at approximately $13,019,905.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 291,503 shares of company stock valued at $18,332,089. 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 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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