Total System Services, Inc. (TSS) Holdings Cut by Principal Financial Group Inc.

Principal Financial Group Inc. cut its holdings in Total System Services, Inc. (NYSE:TSS) by 42.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 273,557 shares of the credit services provider’s stock after selling 199,337 shares during the quarter. Principal Financial Group Inc. owned 0.15% of Total System Services worth $17,918,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TSS. Ameriprise Financial Inc. lifted its stake in Total System Services by 422.2% in the second quarter. Ameriprise Financial Inc. now owns 4,395,728 shares of the credit services provider’s stock valued at $256,053,000 after buying an additional 3,553,887 shares during the period. Janus Henderson Group PLC lifted its stake in Total System Services by 7,710.6% in the second quarter. Janus Henderson Group PLC now owns 1,735,118 shares of the credit services provider’s stock valued at $101,071,000 after buying an additional 1,712,903 shares during the period. American Century Companies Inc. lifted its stake in Total System Services by 5,111.9% in the third quarter. American Century Companies Inc. now owns 1,000,833 shares of the credit services provider’s stock valued at $65,555,000 after buying an additional 981,630 shares during the period. Wells Fargo & Company MN lifted its stake in Total System Services by 26.5% in the second quarter. Wells Fargo & Company MN now owns 3,222,462 shares of the credit services provider’s stock valued at $187,708,000 after buying an additional 675,452 shares during the period. Finally, Prudential Financial Inc. lifted its stake in Total System Services by 160.2% in the second quarter. Prudential Financial Inc. now owns 1,091,132 shares of the credit services provider’s stock valued at $63,558,000 after buying an additional 671,800 shares during the period. 75.23% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have issued reports on TSS shares. Stephens boosted their price target on Total System Services from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, October 25th. Zacks Investment Research lowered Total System Services from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Barclays PLC boosted their price target 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. Robert W. Baird boosted their price target on Total System Services from $76.00 to $78.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Finally, Jefferies Group LLC boosted their price target on Total System Services from $59.00 to $73.00 and gave the company a “hold” rating in a research note on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $69.36.

Shares of Total System Services, Inc. (TSS) traded up $0.74 during trading on Friday, reaching $74.51. The company had a trading volume of 264,845 shares, compared to its average volume of 1,164,417. Total System Services, Inc. has a 1-year low of $47.01 and a 1-year high of $74.72. The company has a market capitalization of $13,698.37, a P/E ratio of 23.73, a P/E/G ratio of 1.83 and a beta of 1.11. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.03 and a quick ratio of 1.03.

Total System Services (NYSE:TSS) last announced its quarterly earnings results on Tuesday, October 24th. The credit services provider reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.07. Total System Services had a return on equity of 26.25% and a net margin of 8.73%. The business had revenue of $852.80 million during the quarter, compared to the consensus estimate of $842.30 million. During the same quarter in the prior year, the company posted $0.71 earnings per share. Total System Services’s revenue was up 8.0% compared to the same quarter last year. sell-side analysts anticipate that Total System Services, Inc. will post 3.2 EPS for the current fiscal year.

In related news, EVP Patricia A. Watson sold 23,608 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $74.01, for a total transaction of $1,747,228.08. Following the completion of the sale, the executive vice president now owns 21,112 shares in the company, valued at $1,562,499.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.60% of the company’s stock.

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Total System Services Company 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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