KBC Group NV trimmed its position in shares of Total System Services, Inc. (NYSE:TSS) by 21.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,080 shares of the credit services provider’s stock after selling 11,028 shares during the quarter. KBC Group NV’s holdings in Total System Services were worth $3,472,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Piedmont Investment Advisors LLC purchased a new position in Total System Services during the second quarter worth $159,000. Bray Capital Advisors purchased a new position in Total System Services during the second quarter worth $177,000. Parametrica Management Ltd purchased a new position in Total System Services during the first quarter worth $217,000. Eqis Capital Management Inc. purchased a new position in Total System Services during the second quarter worth $231,000. Finally, ACG Wealth purchased a new position in Total System Services during the second quarter worth $233,000. 75.47% of the stock is owned by institutional investors.

TSS stock opened at $94.51 on Friday. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.62. The stock has a market capitalization of $17.12 billion, a P/E ratio of 29.35, a PEG ratio of 1.53 and a beta of 1.14. Total System Services, Inc. has a 1-year low of $64.51 and a 1-year high of $97.82.

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

TSS has been the subject of several recent analyst reports. Credit Suisse Group lifted their price objective on shares of Total System Services from $87.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 25th. Morgan Stanley boosted their target price on shares of Total System Services from $92.00 to $94.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 25th. Zacks Investment Research lowered shares of Total System Services from a “buy” rating to a “hold” rating in a research note on Thursday, June 28th. Robert W. Baird boosted their target price on shares of Total System Services from $96.00 to $98.00 and gave the company an “outperform” rating in a research note on Wednesday, April 25th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $105.00 target price on shares of Total System Services in a research note on Wednesday, July 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, seventeen have given 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 an average price target of $89.18.

In related news, EVP Patricia A. Watson sold 15,332 shares of Total System Services stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $93.30, for a total value of $1,430,475.60. Following the completion of the sale, the executive vice president now directly owns 30,743 shares in the company, valued at $2,868,321.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.40% of the company’s stock.

Total System Services Profile

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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