New York State Common Retirement Fund cut its holdings in Total System Services, Inc. (NYSE:TSS) by 20.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 523,026 shares of the credit services provider’s stock after selling 137,300 shares during the quarter. New York State Common Retirement Fund owned 0.28% of Total System Services worth $34,258,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Bronfman E.L. Rothschild L.P. grew its holdings in Total System Services by 13.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,959 shares of the credit services provider’s stock worth $114,000 after buying an additional 228 shares in the last quarter. Acrospire Investment Management LLC grew its holdings in Total System Services by 122.2% during the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the credit services provider’s stock worth $117,000 after buying an additional 1,100 shares in the last quarter. TLP Group LLC bought a new stake in Total System Services during the second quarter worth $122,000. Parkwood LLC bought a new stake in Total System Services during the third quarter worth $200,000. Finally, Reliance Trust Co. bought a new stake in Total System Services during the third quarter worth $211,000. 76.09% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have issued reports on the company. Morgan Stanley restated a “hold” rating on shares of Total System Services in a research note on Thursday, November 16th. Royal Bank Of Canada restated a “buy” rating and issued a $75.00 price objective on shares of Total System Services in a research note on Monday, October 30th. Jefferies Group upped their price objective on Total System Services from $59.00 to $73.00 and gave the company a “hold” rating in a research note on Monday, October 30th. Citigroup upped their price objective on Total System Services from $71.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Finally, Cowen restated a “buy” rating and issued a $67.00 price objective on shares of Total System Services in a research note on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $69.36.

Total System Services, Inc. (NYSE TSS) traded up $0.65 during trading hours on Friday, hitting $76.58. The company’s stock had a trading volume of 1,253,338 shares, compared to its average volume of 1,106,134. Total System Services, Inc. has a 1 year low of $48.65 and a 1 year high of $77.38. The stock has a market cap of $13,959.44, a PE ratio of 24.18, a P/E/G ratio of 1.86 and a beta of 1.10. 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 released its quarterly earnings results on Tuesday, October 24th. The credit services provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.07. The firm had revenue of $852.80 million for the quarter, compared to analysts’ expectations of $842.30 million. Total System Services had a return on equity of 26.25% and a net margin of 8.73%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.71 EPS. equities analysts expect that Total System Services, Inc. will post 3.2 earnings per share for the current fiscal year.

In related news, EVP Patricia A. Watson sold 23,608 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $74.01, for a total transaction of $1,747,228.08. Following the transaction, the executive vice president now directly owns 21,112 shares of the company’s stock, valued at approximately $1,562,499.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.60% of the company’s stock.

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Total System Services Company Profile

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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