KBC Group NV lifted its position in Total System Services, Inc. (NYSE:TSS) by 19.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,811 shares of the credit services provider’s stock after acquiring an additional 14,255 shares during the quarter. KBC Group NV’s holdings in Total System Services were worth $5,687,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. raised its holdings in Total System Services by 9.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,178,746 shares of the credit services provider’s stock worth $77,208,000 after purchasing an additional 97,514 shares in the last quarter. Barings LLC raised its holdings in Total System Services by 35.2% in the third quarter. Barings LLC now owns 38,028 shares of the credit services provider’s stock worth $2,491,000 after purchasing an additional 9,900 shares in the last quarter. WINTON GROUP Ltd raised its holdings in Total System Services by 19.2% in the third quarter. WINTON GROUP Ltd now owns 5,833 shares of the credit services provider’s stock worth $382,000 after purchasing an additional 940 shares in the last quarter. Schroder Investment Management Group raised its holdings in Total System Services by 39.3% in the third quarter. Schroder Investment Management Group now owns 737,800 shares of the credit services provider’s stock worth $47,979,000 after purchasing an additional 208,000 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Total System Services by 10.8% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,635 shares of the credit services provider’s stock worth $893,000 after purchasing an additional 1,330 shares in the last quarter. Hedge funds and other institutional investors own 76.09% of the company’s stock.

Shares of Total System Services, Inc. (TSS) traded up $0.79 during midday trading on Thursday, reaching $74.81. The company had a trading volume of 1,477,400 shares, compared to its average volume of 1,262,331. The stock has a market capitalization of $13,850.00, a price-to-earnings ratio of 23.57, a P/E/G ratio of 1.82 and a beta of 1.10. Total System Services, Inc. has a 52-week low of $47.84 and a 52-week high of $75.20. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.02.

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

In related news, EVP Patricia A. Watson sold 23,608 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $74.01, for a total value of $1,747,228.08. Following 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 legal filing with the SEC, which is available through this link. 2.60% of the stock is owned by corporate insiders.

A number of equities analysts have commented on TSS shares. Stephens boosted their target price on shares of Total System Services from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, October 25th. Zacks Investment Research downgraded shares of Total System Services from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Barclays upped their price objective on shares of Total System Services from $72.00 to $78.00 and gave the company an “overweight” rating in a report on Wednesday, October 11th. Morgan Stanley restated a “hold” rating on shares of Total System Services in a report on Thursday, November 16th. Finally, Robert W. Baird upped their price objective on shares of Total System Services from $76.00 to $78.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $69.36.

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About Total System Services

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.

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

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