Ontario Teachers Pension Plan Board Buys 6,431 Shares of Total System Services, Inc. (TSS)

Ontario Teachers Pension Plan Board boosted its holdings in shares of Total System Services, Inc. (NYSE:TSS) by 24.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,491 shares of the credit services provider’s stock after purchasing an additional 6,431 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Total System Services were worth $3,208,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TSS. IFP Advisors Inc lifted its position in shares of Total System Services by 2.7% in the third quarter. IFP Advisors Inc now owns 21,869 shares of the credit services provider’s stock valued at $2,159,000 after acquiring an additional 574 shares in the last quarter. AlphaMark Advisors LLC increased its holdings in shares of Total System Services by 1.1% in the third quarter. AlphaMark Advisors LLC now owns 51,965 shares of the credit services provider’s stock valued at $5,131,000 after purchasing an additional 588 shares during the last quarter. BB&T Corp increased 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 valued at $2,615,000 after purchasing an additional 594 shares during the last quarter. Lakeview Capital Partners LLC increased 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 valued at $1,081,000 after purchasing an additional 662 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Total System Services by 8.4% in the third quarter. Commonwealth Equity Services LLC now owns 8,979 shares of the credit services provider’s stock valued at $886,000 after purchasing an additional 697 shares during the last quarter. Institutional investors own 75.49% of the company’s stock.

In other Total System Services news, EVP Dorenda K. Weaver sold 5,009 shares of the firm’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $99.00, for a total transaction of $495,891.00. Following the completion of the sale, the executive vice president now owns 44,358 shares of the company’s stock, valued at $4,391,442. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.40% of the stock is owned by company insiders.

TSS stock opened at $82.69 on Monday. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 1.47. The firm has a market cap of $15.09 billion, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 1.38 and a beta of 1.21. Total System Services, Inc. has a 52-week low of $71.70 and a 52-week high of $100.39.

Total System Services (NYSE:TSS) last posted its earnings results on Tuesday, October 23rd. The credit services provider reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.07. The company had revenue of $964.60 million during the quarter, compared to analysts’ expectations of $950.55 million. Total System Services had a return on equity of 30.28% and a net margin of 15.93%. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.88 earnings per share. As a group, equities research analysts anticipate that Total System Services, Inc. will post 4.25 earnings per share for the current fiscal year.

Several equities research analysts recently commented on TSS shares. Zacks Investment Research raised Total System Services from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a report on Monday, July 30th. Nomura increased their price target on Total System Services from $96.00 to $107.00 and gave the company a “buy” rating in a report on Tuesday, August 21st. UBS Group raised Total System Services from a “market perform” rating to an “outperform” rating in a report on Thursday, September 6th. Oppenheimer raised Total System Services from a “market perform” rating to an “outperform” rating and set a $110.00 price target for the company in a report on Thursday, September 6th. Finally, BMO Capital Markets started coverage on Total System Services in a report on Wednesday, September 26th. They issued a “market perform” rating and a $94.00 price target for the company. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $96.53.

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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: 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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