Total System Services, Inc. (TSS) Shares Bought by Pictet Asset Management Ltd.

Pictet Asset Management Ltd. raised its holdings in Total System Services, Inc. (NYSE:TSS) by 4.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,179,003 shares of the credit services provider’s stock after buying an additional 96,243 shares during the quarter. Pictet Asset Management Ltd. owned 1.19% of Total System Services worth $215,155,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TSS. Janus Henderson Group PLC lifted its position in shares of Total System Services by 56.5% in the 2nd quarter. Janus Henderson Group PLC now owns 2,897,435 shares of the credit services provider’s stock worth $244,891,000 after acquiring an additional 1,045,842 shares during the period. BlackRock Inc. lifted its position in shares of Total System Services by 4.9% in the 3rd quarter. BlackRock Inc. now owns 12,662,032 shares of the credit services provider’s stock worth $1,250,251,000 after acquiring an additional 593,390 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Total System Services by 53.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 885,306 shares of the credit services provider’s stock worth $87,416,000 after acquiring an additional 307,042 shares during the period. Canada Pension Plan Investment Board lifted its position in shares of Total System Services by 2,822,000.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 282,210 shares of the credit services provider’s stock worth $27,865,000 after acquiring an additional 282,200 shares during the period. Finally, Worldquant Millennium Quantitative Strategies LLC bought a new stake in shares of Total System Services in the 2nd quarter worth approximately $23,638,000. 75.49% of the stock is currently owned by hedge funds and other institutional investors.

Total System Services 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 company has a market cap of $15.09 billion, a P/E ratio of 25.68, a P/E/G ratio of 1.38 and a beta of 1.21. Total System Services, Inc. has a one year low of $71.70 and a one year 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 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.07. The business had revenue of $964.60 million during the quarter, compared to the consensus estimate of $950.55 million. Total System Services had a return on equity of 30.28% and a net margin of 15.93%. Total System Services’s revenue was up 13.1% on a year-over-year basis. During the same quarter last year, the company earned $0.88 EPS. On average, equities research analysts forecast that Total System Services, Inc. will post 4.25 EPS for the current fiscal year.

A number of brokerages have commented on TSS. ValuEngine downgraded Total System Services from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research upgraded Total System Services from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research report on Thursday. Barclays began coverage on Total System Services in a research report on Wednesday, November 14th. They issued an “overweight” rating and a $113.00 price objective for the company. BMO Capital Markets raised their price objective on Total System Services from $94.00 to $101.00 and gave the stock a “market perform” rating in a research report on Thursday, October 25th. Finally, Nomura raised their price objective on Total System Services from $107.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, October 24th. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $96.53.

In related news, EVP Dorenda K. Weaver sold 5,009 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 44,358 shares in the company, valued at approximately $4,391,442. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.40% of the stock is owned by company insiders.

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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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