Calamos Advisors LLC decreased its holdings in Total System Services, Inc. (NYSE:TSS) by 1.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 258,114 shares of the credit services provider’s stock after selling 3,238 shares during the quarter. Calamos Advisors LLC owned about 0.14% of Total System Services worth $16,906,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. First Midwest Bank Trust Division lifted its stake in Total System Services by 7.0% in the third quarter. First Midwest Bank Trust Division now owns 31,501 shares of the credit services provider’s stock worth $2,063,000 after acquiring an additional 2,062 shares during the period. Korea Investment CORP increased its holdings in shares of Total System Services by 114.8% during the third quarter. Korea Investment CORP now owns 53,889 shares of the credit services provider’s stock valued at $3,530,000 after acquiring an additional 28,800 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Total System Services by 2.2% during the third quarter. First Trust Advisors LP now owns 340,539 shares of the credit services provider’s stock valued at $22,305,000 after acquiring an additional 7,477 shares in the last quarter. Boston Advisors LLC increased its holdings in shares of Total System Services by 92.8% during the third quarter. Boston Advisors LLC now owns 10,037 shares of the credit services provider’s stock valued at $657,000 after acquiring an additional 4,831 shares in the last quarter. Finally, Handelsbanken Fonder AB bought a new position in shares of Total System Services during the third quarter valued at $262,000. 76.23% of the stock is owned by institutional investors.

Several brokerages have recently weighed in on TSS. Stifel Nicolaus restated a “hold” rating and set a $75.00 price target (up from $69.00) on shares of Total System Services in a report on Wednesday, October 25th. Barclays PLC raised their target price on Total System Services from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 25th. Jefferies Group LLC raised their target price on Total System Services from $59.00 to $73.00 and gave the stock a “hold” rating in a research report on Monday. Royal Bank Of Canada reissued a “buy” rating and issued a $75.00 target price on shares of Total System Services in a research report on Monday. Finally, Wedbush initiated coverage on Total System Services in a research report on Thursday, August 3rd. They issued an “outperform” rating and a $72.00 target price on the stock. One investment 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’s stock. The company has a consensus rating of “Buy” and a consensus price target of $69.36.

In other news, Director Philip W. Tomlinson sold 220,974 shares of Total System Services stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $63.65, for a total transaction of $14,064,995.10. Following the sale, the director now owns 326,200 shares of the company’s stock, valued at $20,762,630. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Paul M. Todd sold 4,057 shares of Total System Services stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $63.50, for a total value of $257,619.50. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Total System Services, Inc. (TSS) Shares Sold by Calamos Advisors LLC” was first published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright law. The correct version of this piece of content can be accessed at https://theolympiareport.com/2017/10/31/total-system-services-inc-tss-shares-sold-by-calamos-advisors-llc.html.

Shares of Total System Services, Inc. (TSS) traded up 0.06% during mid-day trading on Tuesday, reaching $71.02. The company’s stock had a trading volume of 316,664 shares. The firm has a 50-day moving average of $67.53 and a 200-day moving average of $62.53. The firm has a market capitalization of $13.08 billion, a PE ratio of 34.46 and a beta of 1.12. Total System Services, Inc. has a 52 week low of $47.01 and a 52 week high of $71.63.

Total System Services (NYSE:TSS) last issued its quarterly earnings results on Tuesday, October 24th. The credit services provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.81 by $0.07. Total System Services had a net margin of 8.73% and a return on equity of 26.25%. The business had revenue of $852.80 million for the quarter, compared to analysts’ expectations of $842.30 million. During the same quarter last year, the company posted $0.71 earnings per share. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. Equities research analysts forecast that Total System Services, Inc. will post $3.33 earnings per share for the current fiscal year.

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.

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

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