Meiji Yasuda Asset Management Co Ltd. cut its position in shares of Total System Services, Inc. (NYSE:TSS) by 9.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,849 shares of the credit services provider’s stock after selling 1,400 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Total System Services were worth $842,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. lifted its stake 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 valued at $114,000 after buying an additional 228 shares in the last quarter. Acrospire Investment Management LLC lifted its stake 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 valued at $117,000 after buying an additional 1,100 shares in the last quarter. TLP Group LLC purchased a new stake in Total System Services during the second quarter valued at about $122,000. Parkwood LLC purchased a new stake in Total System Services during the third quarter valued at about $200,000. Finally, Texas Yale Capital Corp. purchased a new stake in Total System Services during the second quarter valued at about $205,000. 75.23% of the stock is owned by institutional investors.

A number of analysts have commented on TSS shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $69.00 price objective (up from $67.00) on shares of Total System Services in a research note on Wednesday, July 26th. Cowen and Company reiterated an “outperform” rating and issued a $67.00 target price on shares of Total System Services in a report on Wednesday, July 26th. Morgan Stanley reiterated an “equal weight” rating and issued a $63.00 target price (up previously from $58.00) on shares of Total System Services in a report on Wednesday, July 26th. Deutsche Bank AG reiterated a “hold” rating and issued a $65.00 target price (up previously from $57.00) on shares of Total System Services in a report on Wednesday, July 26th. Finally, BMO Capital Markets upped their target price on Total System Services from $62.90 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $69.36.

In other Total System Services news, EVP Patricia A. Watson sold 23,608 shares of the stock in a transaction that occurred on 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 owns 21,112 shares in the company, valued at $1,562,499.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.60% of the company’s stock.

Total System Services, Inc. (NYSE TSS) traded down $0.25 during trading hours on Thursday, reaching $73.77. The company had a trading volume of 852,600 shares, compared to its average volume of 1,260,648. Total System Services, Inc. has a 12-month low of $47.01 and a 12-month high of $74.44. The firm has a market capitalization of $13,608.30, a P/E ratio of 23.57, a P/E/G ratio of 1.82 and a beta of 1.11. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.02.

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 analysts’ consensus estimates 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 in the prior year, the company posted $0.71 earnings per share. The firm’s revenue was up 8.0% on a year-over-year basis. equities analysts predict that Total System Services, Inc. will post 3.2 earnings per share for the current year.

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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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