Stephens Inc. AR reduced its position in Total System Services, Inc. (NYSE:TSS) by 42.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,746 shares of the credit services provider’s stock after selling 2,796 shares during the period. Stephens Inc. AR’s holdings in Total System Services were worth $480,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in Total System Services by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,016,145 shares of the credit services provider’s stock worth $82,601,000 after purchasing an additional 28,439 shares during the period. Geode Capital Management LLC grew its position in Total System Services by 7.9% in the 4th quarter. Geode Capital Management LLC now owns 2,151,897 shares of the credit services provider’s stock worth $174,616,000 after purchasing an additional 157,929 shares during the period. Iberiabank Corp bought a new stake in Total System Services in the 1st quarter worth approximately $339,000. Investors Research Corp bought a new stake in Total System Services in the 1st quarter worth approximately $204,000. Finally, Brinker Capital Inc. grew its position in Total System Services by 14.9% in the 1st quarter. Brinker Capital Inc. now owns 34,373 shares of the credit services provider’s stock worth $3,267,000 after purchasing an additional 4,454 shares during the period. Institutional investors own 74.03% of the company’s stock.

Shares of TSS stock opened at $131.32 on Thursday. Total System Services, Inc. has a 1 year low of $75.58 and a 1 year high of $138.66. The firm has a fifty day moving average price of $131.01 and a 200-day moving average price of $110.77. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.47 and a quick ratio of 2.47. The company has a market cap of $22.78 billion, a price-to-earnings ratio of 30.83, a PEG ratio of 2.29 and a beta of 0.83.

Total System Services (NYSE:TSS) last issued its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.06. Total System Services had a net margin of 15.03% and a return on equity of 32.26%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the firm posted $1.11 EPS. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities research analysts expect that Total System Services, Inc. will post 4.64 EPS for the current year.

A number of equities research analysts have commented on the stock. KeyCorp lifted their target price on shares of Total System Services from $95.00 to $106.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 24th. They noted that the move was a valuation call. Cowen downgraded shares of Total System Services from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 29th. Barclays lifted their target price on shares of Total System Services from $146.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. BMO Capital Markets lifted their target price on shares of Total System Services to $121.00 and gave the stock a “market perform” rating in a research report on Thursday, May 30th. Finally, ValuEngine raised shares of Total System Services from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $115.67.

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.

Further Reading: Catch-Up Contributions

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

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