Cornerstone Capital Management Holdings LLC. lowered its stake in shares of Total System Services, Inc. (NYSE:TSS) by 58.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 124,098 shares of the credit services provider’s stock after selling 172,741 shares during the period. Cornerstone Capital Management Holdings LLC. owned 0.07% of Total System Services worth $8,127,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its stake in shares of 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 valued at $256,053,000 after purchasing an additional 3,553,887 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of 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 valued at $101,071,000 after purchasing an additional 1,712,903 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of 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 valued at $65,555,000 after purchasing an additional 981,630 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of 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 valued at $187,708,000 after purchasing an additional 675,452 shares during the last quarter. Finally, Prudential Financial Inc. lifted its stake in shares of 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 valued at $63,558,000 after purchasing an additional 671,800 shares during the last quarter. 76.09% of the stock is currently owned by institutional investors.

Shares of Total System Services, Inc. (NYSE TSS) traded up $0.38 during midday trading on Wednesday, reaching $77.00. The company’s stock had a trading volume of 868,700 shares, compared to its average volume of 1,262,885. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.02. Total System Services, Inc. has a 12 month low of $48.65 and a 12 month high of $77.38. The stock has a market cap of $14,086.30, a P/E ratio of 24.40, a price-to-earnings-growth ratio of 1.88 and a beta of 1.10.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Thursday, December 21st will be issued a dividend of $0.13 per share. The ex-dividend date is Wednesday, December 20th. This represents a $0.52 annualized dividend and a yield of 0.68%. Total System Services’s dividend payout ratio (DPR) is 23.11%.

In other Total System Services news, EVP Patricia A. Watson sold 23,608 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $74.01, for a total transaction of $1,747,228.08. Following the sale, the executive vice president now owns 21,112 shares in the company, valued at approximately $1,562,499.12. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.60% of the stock is owned by corporate insiders.

Several brokerages have recently commented on TSS. Goldman Sachs Group lowered Total System Services from a “buy” rating to a “neutral” rating in a research note on Monday. Morgan Stanley reaffirmed a “hold” rating on shares of Total System Services in a research note on Thursday, November 16th. Royal Bank of Canada reissued a “buy” rating and set a $75.00 target price on shares of Total System Services in a research note on Monday, October 30th. Jefferies Group increased their target price on Total System Services from $59.00 to $73.00 and gave the stock a “hold” rating in a research note on Monday, October 30th. Finally, Citigroup increased their target price on Total System Services from $71.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $69.36.

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Total System Services Company 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.

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

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