Renaissance Group LLC decreased its stake in Total System Services, Inc. (NYSE:TSS) by 11.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 499,742 shares of the credit services provider’s stock after selling 67,266 shares during the quarter. Renaissance Group LLC owned approximately 0.27% of Total System Services worth $32,733,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in TSS. Ameriprise Financial Inc. lifted its position 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 buying an additional 3,553,887 shares in the last quarter. Janus Henderson Group PLC lifted its position 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 buying an additional 1,712,903 shares in the last quarter. American Century Companies Inc. lifted its position in Total System Services by 5,111.9% in the 3rd quarter. American Century Companies Inc. now owns 1,000,833 shares of the credit services provider’s stock worth $65,555,000 after buying an additional 981,630 shares in the last quarter. Wells Fargo & Company MN lifted its position in Total System Services by 26.5% in the 2nd quarter. Wells Fargo & Company MN now owns 3,222,462 shares of the credit services provider’s stock worth $187,708,000 after buying an additional 675,452 shares in the last quarter. Finally, Prudential Financial Inc. lifted its position in Total System Services by 160.2% in the 2nd quarter. Prudential Financial Inc. now owns 1,091,132 shares of the credit services provider’s stock worth $63,558,000 after buying an additional 671,800 shares in the last quarter. Institutional investors own 75.23% of the company’s stock.

In other Total System Services news, EVP Patricia A. Watson sold 23,608 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $74.01, for a total value of $1,747,228.08. Following the sale, the executive vice president now directly owns 21,112 shares in the company, valued at approximately $1,562,499.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.60% of the company’s stock.

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Total System Services, Inc. (TSS) traded down $0.40 during midday trading on Tuesday, reaching $73.38. 730,500 shares of the company’s stock traded hands, compared to its average volume of 1,264,346. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.02. The firm has a market cap of $13,520.00, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 1.81 and a beta of 1.11. Total System Services, Inc. has a 52 week low of $47.01 and a 52 week high of $74.44.

Total System Services (NYSE:TSS) last posted its quarterly earnings results on Tuesday, October 24th. The credit services provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.07. The company had revenue of $852.80 million for the quarter, compared to analyst estimates of $842.30 million. Total System Services had a net margin of 8.73% and a return on equity of 26.25%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the business posted $0.71 EPS. sell-side analysts forecast that Total System Services, Inc. will post 3.2 earnings per share for the current year.

TSS has been the subject of a number of research analyst reports. Barclays PLC increased their target price on shares of Total System Services from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 25th. Cowen and Company reiterated an “outperform” rating and issued a $67.00 target price on shares of Total System Services in a research report on Wednesday, July 26th. Robert W. Baird increased their target price on shares of Total System Services from $76.00 to $78.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. BidaskClub upgraded shares of Total System Services from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. Finally, KeyCorp restated an “overweight” rating on shares of Total System Services in a report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $69.36.

Total System Services Profile

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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