Aperio Group LLC Has $5.54 Million Position in Total System Services, Inc. (TSS)

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Aperio Group LLC boosted its position in shares of Total System Services, Inc. (NYSE:TSS) by 5.6% in the third quarter, Holdings Channel reports. The fund owned 56,141 shares of the credit services provider’s stock after purchasing an additional 2,993 shares during the quarter. Aperio Group LLC’s holdings in Total System Services were worth $5,543,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TSS. BB&T Corp raised its holdings in shares of Total System Services by 2.3% in the third quarter. BB&T Corp now owns 26,485 shares of the credit services provider’s stock worth $2,615,000 after buying an additional 594 shares during the last quarter. Lakeview Capital Partners LLC raised its holdings in shares of Total System Services by 5.5% in the second quarter. Lakeview Capital Partners LLC now owns 12,791 shares of the credit services provider’s stock worth $1,081,000 after buying an additional 662 shares during the last quarter. US Bancorp DE raised its holdings in shares of Total System Services by 2.2% in the second quarter. US Bancorp DE now owns 33,162 shares of the credit services provider’s stock worth $2,803,000 after buying an additional 724 shares during the last quarter. Creative Planning raised its holdings in shares of Total System Services by 0.4% in the second quarter. Creative Planning now owns 193,890 shares of the credit services provider’s stock worth $16,388,000 after buying an additional 771 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Total System Services by 15.5% in the second quarter. Daiwa Securities Group Inc. now owns 6,046 shares of the credit services provider’s stock worth $511,000 after buying an additional 810 shares during the last quarter. 76.74% of the stock is owned by institutional investors.

A number of research analysts have issued reports on the stock. Wolfe Research assumed coverage on shares of Total System Services in a report on Tuesday, July 17th. They issued an “outperform” rating for the company. UBS Group raised shares of Total System Services from a “market perform” rating to an “outperform” rating in a report on Thursday, September 6th. Robert W. Baird raised their price target on shares of Total System Services from $100.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, July 25th. Nomura reaffirmed a “buy” rating and issued a $96.00 price target on shares of Total System Services in a report on Wednesday, July 25th. Finally, Citigroup raised their price target on shares of Total System Services from $104.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 25th. Seven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $96.11.

In other news, EVP Dorenda K. Weaver sold 5,009 shares of the stock in a transaction on Friday, September 14th. The shares were sold at an average price of $99.00, for a total value of $495,891.00. Following the sale, the executive vice president now owns 44,358 shares in the company, valued at $4,391,442. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Patricia A. Watson sold 15,332 shares of the stock in a transaction on Monday, August 6th. The stock was sold at an average price of $93.30, for a total transaction of $1,430,475.60. Following the completion of the sale, the executive vice president now owns 30,743 shares in the company, valued at approximately $2,868,321.90. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate insiders.

NYSE:TSS opened at $91.15 on Thursday. The firm has a market capitalization of $16.69 billion, a PE ratio of 28.31, a price-to-earnings-growth ratio of 1.49 and a beta of 1.17. Total System Services, Inc. has a 1-year low of $70.85 and a 1-year high of $100.39. The company has a current ratio of 2.57, a quick ratio of 2.55 and a debt-to-equity ratio of 1.47.

Total System Services (NYSE:TSS) last released its quarterly earnings data on Tuesday, October 23rd. The credit services provider reported $1.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.07. The firm had revenue of $964.60 million for the quarter, compared to analyst estimates of $950.55 million. Total System Services had a net margin of 15.93% and a return on equity of 30.28%. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 earnings per share. Research analysts predict that Total System Services, Inc. will post 4.25 EPS for the current fiscal year.

About Total System Services

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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