Sterling Capital Management LLC raised its position in Total System Services, Inc. (NYSE:TSS) by 1,366.8% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 300,170 shares of the credit services provider’s stock after buying an additional 279,706 shares during the period. Sterling Capital Management LLC owned about 0.16% of Total System Services worth $19,661,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sentry Investment Management LLC lifted its stake in shares of Total System Services by 0.4% in the 2nd quarter. Sentry Investment Management LLC now owns 11,216 shares of the credit services provider’s stock valued at $653,000 after purchasing an additional 44 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Total System Services by 0.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,305 shares of the credit services provider’s stock valued at $717,000 after purchasing an additional 64 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI lifted its stake in shares of Total System Services by 0.3% in the 2nd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 34,278 shares of the credit services provider’s stock valued at $1,997,000 after purchasing an additional 100 shares during the period. Conning Inc. lifted its stake in shares of Total System Services by 2.5% in the 2nd quarter. Conning Inc. now owns 4,172 shares of the credit services provider’s stock valued at $243,000 after purchasing an additional 100 shares during the period. Finally, Raymond James Trust N.A. lifted its stake in shares of Total System Services by 3.9% in the 2nd quarter. Raymond James Trust N.A. now owns 4,993 shares of the credit services provider’s stock valued at $291,000 after purchasing an additional 188 shares during the period. Hedge funds and other institutional investors own 76.09% of the company’s stock.

A number of research analysts have recently weighed in on TSS shares. BidaskClub raised Total System Services from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Royal Bank of Canada assumed coverage on Total System Services in a research note on Monday, August 28th. They set an “outperform” rating and a $75.00 price objective on the stock. Zacks Investment Research downgraded Total System Services from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. KeyCorp reaffirmed an “overweight” rating on shares of Total System Services in a research note on Thursday, August 31st. Finally, Cowen reaffirmed a “buy” rating and set a $67.00 price objective on shares of Total System Services in a research note on Thursday, September 7th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Total System Services presently has a consensus rating of “Buy” and a consensus price target of $69.36.

Total System Services, Inc. (NYSE:TSS) traded down $0.50 on Thursday, hitting $76.50. The company’s stock had a trading volume of 929,600 shares, compared to its average volume of 1,261,497. Total System Services, Inc. has a 1 year low of $48.65 and a 1 year high of $77.56. The firm has a market cap of $14,160.00, a P/E ratio of 24.52, a price-to-earnings-growth ratio of 1.89 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 results on Tuesday, October 24th. The credit services provider reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $852.80 million for the quarter, compared to the consensus estimate of $842.30 million. During the same quarter last year, the business posted $0.71 EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. research analysts expect that Total System Services, Inc. will post 3.2 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Thursday, December 21st will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Wednesday, December 20th. Total System Services’s dividend payout ratio is 23.11%.

In other Total System Services 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 sale, the executive vice president now owns 21,112 shares of the company’s stock, valued at approximately $1,562,499.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.60% of the company’s stock.

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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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