Robeco Institutional Asset Management B.V. cut its stake in shares of Total System Services, Inc. (NYSE:TSS) by 8.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 300,361 shares of the credit services provider’s stock after selling 27,391 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Total System Services were worth $25,388,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Sei Investments Co. lifted its stake in Total System Services by 60.0% in the second quarter. Sei Investments Co. now owns 79,162 shares of the credit services provider’s stock valued at $6,690,000 after acquiring an additional 29,688 shares during the last quarter. Icon Advisers Inc. Co. lifted its stake in shares of Total System Services by 4.4% in the second quarter. Icon Advisers Inc. Co. now owns 50,100 shares of the credit services provider’s stock worth $4,234,000 after buying an additional 2,100 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Total System Services in the second quarter worth $1,468,000. Alps Advisors Inc. lifted its stake in shares of Total System Services by 18.9% in the second quarter. Alps Advisors Inc. now owns 16,555 shares of the credit services provider’s stock worth $1,399,000 after buying an additional 2,628 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. acquired a new stake in shares of Total System Services in the second quarter worth $11,811,000. 75.47% of the stock is currently owned by hedge funds and other institutional investors.

TSS has been the subject of a number of analyst reports. 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. Robert W. Baird boosted their price objective on shares of Total System Services from $98.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, July 12th. They noted that the move was a valuation call. Royal Bank of Canada restated a “buy” rating and issued a $105.00 price objective on shares of Total System Services in a research note on Wednesday, July 25th. Morgan Stanley boosted their price objective on shares of Total System Services from $92.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 25th. Finally, Zacks Investment Research upgraded shares of Total System Services from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research note on Thursday, April 19th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $89.18.

Total System Services opened at $93.87 on Monday, Marketbeat.com reports. The firm has a market cap of $17.12 billion, a P/E ratio of 29.15, a P/E/G ratio of 1.53 and a beta of 1.14. 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.

Total System Services (NYSE:TSS) last released its earnings results on Tuesday, July 24th. The credit services provider reported $1.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.04. The firm had revenue of $956.55 million during the quarter, compared to analysts’ expectations of $936.79 million. Total System Services had a net margin of 14.39% and a return on equity of 29.26%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 EPS. analysts forecast that Total System Services, Inc. will post 4.2 earnings per share for the current fiscal year.

In related news, EVP Patricia A. Watson sold 15,332 shares of the company’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $93.30, for a total transaction of $1,430,475.60. Following the completion of the transaction, the executive vice president now directly owns 30,743 shares in the company, valued at approximately $2,868,321.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.40% of the stock is owned by corporate insiders.

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.

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

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