Advisory Services Network LLC reduced its position in shares of Total System Services, Inc. (NYSE:TSS) by 22.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,960 shares of the credit services provider’s stock after selling 1,115 shares during the period. Advisory Services Network LLC’s holdings in Total System Services were worth $375,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Piedmont Investment Advisors LLC bought a new position in Total System Services during the 2nd quarter valued at about $159,000. Parametrica Management Ltd bought a new position in shares of Total System Services in the first quarter worth about $217,000. Eqis Capital Management Inc. bought a new position in shares of Total System Services in the second quarter worth about $231,000. ACG Wealth bought a new position in shares of Total System Services in the second quarter worth about $233,000. Finally, TLP Group LLC bought a new position in shares of Total System Services in the first quarter worth about $251,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:TSS opened at $93.56 on Tuesday. Total System Services, Inc. has a one year low of $62.81 and a one year high of $97.82. The company has a quick ratio of 0.97, a current ratio of 2.55 and a debt-to-equity ratio of 1.62. The company has a market cap of $16.98 billion, a PE ratio of 29.06, a price-to-earnings-growth ratio of 1.52 and a beta of 1.14.

Total System Services (NYSE:TSS) last issued its quarterly earnings results on Tuesday, July 24th. The credit services provider reported $1.11 EPS for the quarter, topping the consensus estimate of $1.07 by $0.04. Total System Services had a net margin of 14.39% and a return on equity of 29.26%. The company had revenue of $956.55 million during the quarter, compared to analysts’ expectations of $936.79 million. During the same quarter in the previous year, the company earned $0.85 EPS. Total System Services’s revenue was up 13.3% on a year-over-year basis. equities research analysts forecast that Total System Services, Inc. will post 4.19 earnings per share for the current fiscal year.

TSS has been the subject of a number of research analyst reports. Robert W. Baird reaffirmed a “buy” rating and issued a $96.00 target price on shares of Total System Services in a research note on Friday, April 20th. Zacks Investment Research raised shares of Total System Services from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a research note on Thursday, April 19th. Wolfe Research initiated coverage on shares of Total System Services in a research note on Tuesday, July 17th. They issued an “outperform” rating for the company. Royal Bank of Canada reaffirmed a “buy” rating and issued a $105.00 target price on shares of Total System Services in a research note on Wednesday, July 25th. Finally, KeyCorp boosted their target price on shares of Total System Services from $92.00 to $96.00 and gave the stock an “overweight” rating in a research note on Monday, April 23rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $89.18.

About Total System Services

Total System Services, Inc provides payment processing, merchant, and related payment services to financial and nonfinancial institutions worldwide. The company operates through three segments: Merchant Solutions, Issuer Solutions, and Netspend. It offers general purpose reloadable prepaid and payroll cards, demand deposit accounts, and other financial service solutions to the underbanked and other consumers and businesses.

Featured Article: Outstanding Shares and The Effect on Share Price

Want to see what other hedge funds are holding TSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Total System Services, Inc. (NYSE:TSS).

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

Receive News & Ratings for Total System Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Total System Services and related companies with MarketBeat.com's FREE daily email newsletter.