Oppenheimer Asset Management Inc. lowered its position in shares of Total System Services, Inc. (NYSE:TSS) by 44.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,488 shares of the credit services provider’s stock after selling 6,920 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Total System Services were worth $556,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TSS. Global X Management Co. LLC lifted its position in Total System Services by 15.8% during the second quarter. Global X Management Co. LLC now owns 5,016 shares of the credit services provider’s stock valued at $292,000 after buying an additional 685 shares during the period. Canada Pension Plan Investment Board lifted its position in Total System Services by 24.2% during the second quarter. Canada Pension Plan Investment Board now owns 65,258 shares of the credit services provider’s stock valued at $3,801,000 after buying an additional 12,700 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Total System Services by 30.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,081,232 shares of the credit services provider’s stock valued at $62,982,000 after buying an additional 251,258 shares during the period. Arizona State Retirement System lifted its position in Total System Services by 0.7% during the second quarter. Arizona State Retirement System now owns 41,105 shares of the credit services provider’s stock valued at $2,394,000 after buying an additional 300 shares during the period. Finally, First Trust Advisors LP lifted its position in Total System Services by 46.5% during the second quarter. First Trust Advisors LP now owns 333,062 shares of the credit services provider’s stock valued at $19,401,000 after buying an additional 105,716 shares during the period. 76.09% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Patricia A. Watson sold 23,608 shares of Total System Services stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 21,112 shares in the company, valued at approximately $1,562,499.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.60% of the stock is currently owned by company insiders.

Several equities analysts have commented on TSS shares. Stephens raised their price objective on Total System Services from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, October 25th. Zacks Investment Research lowered Total System Services from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Barclays raised their price objective on Total System Services from $72.00 to $78.00 and gave the company an “overweight” rating in a research 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 raised their price target on Total System Services from $76.00 to $78.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Total System Services currently has a consensus rating of “Buy” and an average price target of $71.16.

Total System Services, Inc. (NYSE:TSS) traded up $1.18 during midday trading on Friday, reaching $77.81. The company had a trading volume of 2,277,536 shares, compared to its average volume of 1,118,011. Total System Services, Inc. has a 52 week low of $48.65 and a 52 week high of $77.87. The company has a market cap of $14,305.06, a P/E ratio of 24.78, a price-to-earnings-growth ratio of 1.91 and a beta of 1.10. 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 released its quarterly earnings data on Tuesday, October 24th. The credit services provider reported $0.88 EPS for the quarter, topping the 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 company had revenue of $852.80 million during the quarter, compared to the consensus estimate of $842.30 million. During the same period last year, the company earned $0.71 EPS. Total System Services’s revenue for the quarter was up 8.0% on a year-over-year basis. equities research analysts anticipate that Total System Services, Inc. will post 3.2 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Thursday, December 21st will be issued a $0.13 dividend. The ex-dividend date is Wednesday, December 20th. This represents a $0.52 annualized dividend and a yield of 0.67%. Total System Services’s payout ratio is 23.11%.

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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.

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

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