Total System Services, Inc. (TSS) Shares Bought by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC grew its holdings in Total System Services, Inc. (NYSE:TSS) by 24.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 71,491 shares of the credit services provider’s stock after buying an additional 14,242 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Total System Services were worth $5,654,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. 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 period. 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 period. Lord Abbett & CO. LLC lifted its stake in shares of Total System Services by 480.0% in the 2nd quarter. Lord Abbett & CO. LLC now owns 743,682 shares of the credit services provider’s stock valued at $43,319,000 after purchasing an additional 615,470 shares during the period. Sterling Capital Management LLC lifted its stake in shares of Total System Services by 1,366.8% in the 3rd quarter. Sterling Capital Management LLC now owns 300,170 shares of the credit services provider’s stock valued at $19,661,000 after purchasing an additional 279,706 shares during the period. Finally, PGGM Investments purchased a new position in shares of Total System Services in the 4th quarter valued at approximately $19,780,000. Institutional investors and hedge funds own 76.10% of the company’s stock.

TSS has been the subject of a number of research analyst reports. Barclays raised their target price on Total System Services from $72.00 to $78.00 and gave the company an “overweight” rating in a research note on Wednesday, October 11th. Jefferies Group restated a “hold” rating and issued a $59.00 target price on shares of Total System Services in a research note on Thursday, October 12th. Robert W. Baird restated a “buy” rating and issued a $76.00 target price on shares of Total System Services in a research note on Thursday, October 12th. Morgan Stanley raised their target price on Total System Services from $63.00 to $69.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Finally, Stifel Nicolaus restated a “hold” rating and issued a $75.00 target price (up previously from $69.00) on shares of Total System Services in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Total System Services currently has an average rating of “Buy” and an average target price of $81.46.

In other Total System Services news, EVP Patricia A. Watson sold 9,596 shares of Total System Services stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $88.42, for a total value of $848,478.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Paul M. Todd sold 11,900 shares of Total System Services stock in a transaction on Monday, January 29th. The stock was sold at an average price of $87.81, for a total value of $1,044,939.00. Following the completion of the sale, the chief financial officer now directly owns 47,017 shares of the company’s stock, valued at approximately $4,128,562.77. The disclosure for this sale can be found here. In the last three months, insiders sold 104,876 shares of company stock valued at $8,892,847. Corporate insiders own 2.60% of the company’s stock.

Shares of Total System Services, Inc. (TSS) opened at $86.83 on Monday. The company has a market capitalization of $15,963.35, a price-to-earnings ratio of 27.48, a price-to-earnings-growth ratio of 1.50 and a beta of 1.13. Total System Services, Inc. has a fifty-two week low of $50.93 and a fifty-two 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.

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

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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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