US Bancorp DE lowered its stake in shares of Total System Services, Inc. (NYSE:TSS) by 2.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 32,294 shares of the credit services provider’s stock after selling 821 shares during the quarter. US Bancorp DE’s holdings in Total System Services were worth $2,554,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Aperio Group LLC increased its position in Total System Services by 7.3% during the fourth quarter. Aperio Group LLC now owns 45,323 shares of the credit services provider’s stock worth $3,585,000 after acquiring an additional 3,103 shares during the period. Comerica Bank increased its position in Total System Services by 8.8% during the fourth quarter. Comerica Bank now owns 73,129 shares of the credit services provider’s stock worth $6,383,000 after acquiring an additional 5,889 shares during the period. Victory Capital Management Inc. increased its position in Total System Services by 11.0% during the fourth quarter. Victory Capital Management Inc. now owns 37,226 shares of the credit services provider’s stock worth $2,944,000 after acquiring an additional 3,697 shares during the period. Wedge Capital Management L L P NC increased its position in Total System Services by 6.1% during the fourth quarter. Wedge Capital Management L L P NC now owns 11,679 shares of the credit services provider’s stock worth $924,000 after acquiring an additional 674 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Total System Services by 5.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,334 shares of the credit services provider’s stock worth $2,557,000 after acquiring an additional 1,680 shares during the period. 76.08% of the stock is currently owned by institutional investors and hedge funds.

In other news, Chairman M Troy Woods sold 49,540 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $87.81, for a total value of $4,350,107.40. Following the sale, the chairman now owns 369,121 shares in the company, valued at approximately $32,412,515.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard W. Ussery sold 7,546 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $88.29, for a total transaction of $666,236.34. The disclosure for this sale can be found here. Insiders sold a total of 296,598 shares of company stock worth $25,193,511 in the last 90 days. 2.60% of the stock is owned by corporate insiders.

Shares of Total System Services, Inc. (TSS) opened at $84.62 on Thursday. Total System Services, Inc. has a 52 week low of $50.96 and a 52 week high of $89.92. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.12. The company has a market cap of $15,450.44, a price-to-earnings ratio of 26.78, a PEG ratio of 1.45 and a beta of 1.13.

Total System Services (NYSE:TSS) last issued its earnings results on Tuesday, January 23rd. The credit services provider reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.03. Total System Services had a net margin of 11.90% and a return on equity of 26.21%. The company had revenue of $870.61 million for the quarter, compared to the consensus estimate of $848.20 million. During the same quarter in the previous year, the company earned $0.71 EPS. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. sell-side analysts expect that Total System Services, Inc. will post 3.96 earnings per share for the current fiscal year.

TSS has been the topic of a number of research reports. Morgan Stanley boosted their target price on shares of Total System Services from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Monday, October 23rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $75.00 target price (up previously from $69.00) on shares of Total System Services in a research report on Wednesday, October 25th. Robert W. Baird boosted 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. BMO Capital Markets boosted their target price on shares of Total System Services from $70.00 to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Finally, Stephens boosted their target price on shares of Total System Services from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Total System Services presently has a consensus rating of “Buy” and a consensus target price of $82.08.

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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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