Amundi Pioneer Asset Management Inc. Cuts Holdings in Total System Services, Inc. (TSS)

Amundi Pioneer Asset Management Inc. reduced its holdings in shares of Total System Services, Inc. (NYSE:TSS) by 11.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 443,903 shares of the credit services provider’s stock after selling 56,305 shares during the quarter. Amundi Pioneer Asset Management Inc. owned approximately 0.24% of Total System Services worth $36,084,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in TSS. Commonwealth Equity Services LLC increased its holdings in Total System Services by 8.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 8,979 shares of the credit services provider’s stock worth $886,000 after purchasing an additional 697 shares during the period. MML Investors Services LLC increased its holdings in Total System Services by 63.5% during the 3rd quarter. MML Investors Services LLC now owns 17,143 shares of the credit services provider’s stock worth $1,693,000 after purchasing an additional 6,660 shares during the period. BlackRock Inc. increased its holdings in Total System Services by 4.9% during the 3rd quarter. BlackRock Inc. now owns 12,662,032 shares of the credit services provider’s stock worth $1,250,251,000 after purchasing an additional 593,390 shares during the period. American International Group Inc. increased its holdings in Total System Services by 6.4% during the 3rd quarter. American International Group Inc. now owns 67,094 shares of the credit services provider’s stock worth $6,625,000 after purchasing an additional 4,027 shares during the period. Finally, FMR LLC increased its holdings in Total System Services by 3.0% during the 3rd quarter. FMR LLC now owns 4,240,673 shares of the credit services provider’s stock worth $418,724,000 after purchasing an additional 121,831 shares during the period. 80.52% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on the company. Zacks Investment Research cut Total System Services from a “hold” rating to a “sell” rating in a research report on Thursday, January 10th. Bank of America raised Total System Services from an “underperform” rating to a “neutral” rating in a research report on Thursday, January 24th. Robert W. Baird upped their price objective on Total System Services from $98.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, March 29th. KeyCorp upped their price objective on Total System Services from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 30th. Finally, Jefferies Financial Group assumed coverage on Total System Services in a research report on Monday, January 28th. They issued a “buy” rating and a $105.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $99.07.

In other news, Chairman M Troy Woods sold 47,812 shares of the stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $91.23, for a total transaction of $4,361,888.76. Following the completion of the transaction, the chairman now directly owns 256,989 shares of the company’s stock, valued at approximately $23,445,106.47. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP G Sanders Griffith III sold 11,273 shares of the stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $91.23, for a total value of $1,028,435.79. Following the transaction, the executive vice president now directly owns 192,324 shares of the company’s stock, valued at $17,545,718.52. The disclosure for this sale can be found here. Insiders have sold a total of 109,640 shares of company stock valued at $10,098,506 over the last ninety days. 2.00% of the stock is owned by insiders.

Total System Services stock traded up $0.40 during mid-day trading on Monday, reaching $99.62. 2,616,762 shares of the company were exchanged, compared to its average volume of 1,466,162. Total System Services, Inc. has a twelve month low of $75.58 and a twelve month high of $100.39. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $17.57 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 1.75 and a beta of 1.11.

Total System Services (NYSE:TSS) last posted its quarterly earnings data on Tuesday, January 29th. The credit services provider reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. Total System Services had a return on equity of 30.94% and a net margin of 14.31%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $968.62 million. Equities analysts predict that Total System Services, Inc. will post 4.62 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Thursday, March 21st were given a dividend of $0.13 per share. The ex-dividend date was Wednesday, March 20th. This represents a $0.52 dividend on an annualized basis and a yield of 0.52%. Total System Services’s payout ratio is 12.21%.

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Total System Services Profile

Total System Services, Inc provides payment processing, merchant, and related payment services to financial and nonfinancial institutions worldwide. The company operates through three segments: Issuer Solutions, Merchant Solutions, and Consumer Solutions. It offers general purpose reloadable prepaid and payroll cards, demand deposit accounts, and other financial service solutions to the underbanked and other consumers and businesses.

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

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