Quantitative Systematic Strategies LLC acquired a new position in Total System Services, Inc. (NYSE:TSS) during the first quarter, HoldingsChannel reports. The institutional investor acquired 36,342 shares of the credit services provider’s stock, valued at approximately $3,453,000. Total System Services accounts for 0.9% of Quantitative Systematic Strategies LLC’s investment portfolio, making the stock its 20th largest holding.

A number of other institutional investors have also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Total System Services by 143.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,164 shares of the credit services provider’s stock worth $609,000 after acquiring an additional 3,628 shares during the period. Renaissance Technologies LLC increased its position in shares of Total System Services by 699.1% during the third quarter. Renaissance Technologies LLC now owns 393,665 shares of the credit services provider’s stock worth $38,870,000 after acquiring an additional 344,400 shares during the period. LPL Financial LLC increased its position in shares of Total System Services by 43.7% during the third quarter. LPL Financial LLC now owns 18,095 shares of the credit services provider’s stock worth $1,787,000 after acquiring an additional 5,507 shares during the period. BlueMountain Capital Management LLC increased its position in shares of Total System Services by 19.9% during the third quarter. BlueMountain Capital Management LLC now owns 45,914 shares of the credit services provider’s stock worth $4,534,000 after acquiring an additional 7,616 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in shares of Total System Services by 8.3% during the third quarter. The Manufacturers Life Insurance Company now owns 176,467 shares of the credit services provider’s stock worth $17,424,000 after acquiring an additional 13,567 shares during the period. 80.52% of the stock is currently owned by institutional investors.

A number of equities analysts have recently commented on TSS shares. Bank of America raised shares of Total System Services from an “underperform” rating to a “neutral” rating in a research report on Thursday, January 24th. KeyCorp reduced their target price on shares of Total System Services from $110.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 2nd. Royal Bank of Canada raised their target price on shares of Total System Services to $110.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 30th. Robert W. Baird raised their target price on shares of Total System Services from $98.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, March 29th. Finally, Jefferies Financial Group started coverage on shares of Total System Services in a research report on Monday, January 28th. They set a “buy” rating and a $105.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Total System Services presently has a consensus rating of “Buy” and an average price target of $99.07.

In other news, CFO Paul M. Todd sold 10,739 shares of the stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $91.23, for a total transaction of $979,718.97. Following the transaction, the chief financial officer now directly owns 62,891 shares in the company, valued at $5,737,545.93. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP G Sanders Griffith III sold 11,273 shares of the stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $91.23, for a total transaction of $1,028,435.79. Following the transaction, the executive vice president now owns 192,324 shares in the company, valued at $17,545,718.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 109,640 shares of company stock worth $10,098,506. Insiders own 2.00% of the company’s stock.

Shares of NYSE TSS traded up $0.40 during midday trading on Monday, reaching $99.62. 2,616,762 shares of the company’s stock traded hands, compared to its average volume of 1,466,162. The company has a debt-to-equity ratio of 1.50, a quick ratio of 2.21 and a current ratio of 2.21. Total System Services, Inc. has a one year low of $75.58 and a one year high of $100.39. The company has a market cap of $17.57 billion, a PE ratio of 23.38, a P/E/G ratio of 1.75 and a beta of 1.11.

Total System Services (NYSE:TSS) last released its quarterly earnings data on Tuesday, January 29th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.07. Total System Services had a net margin of 14.31% and a return on equity of 30.94%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $968.62 million. On average, analysts forecast that Total System Services, Inc. will post 4.62 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Thursday, March 21st were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.52%. Total System Services’s dividend payout ratio is presently 12.21%.

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Total System Services Company 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: Issuer Solutions, Merchant Solutions, and Consumer Solutions. 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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