First Midwest Bank Trust Division Has $2.06 Million Position in Total System Services, Inc. (TSS)

First Midwest Bank Trust Division boosted its position in shares of Total System Services, Inc. (NYSE:TSS) by 7.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,501 shares of the credit services provider’s stock after purchasing an additional 2,062 shares during the quarter. First Midwest Bank Trust Division’s holdings in Total System Services were worth $2,063,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Synovus Financial Corp grew its holdings in Total System Services by 1.0% during the second quarter. Synovus Financial Corp now owns 13,709,409 shares of the credit services provider’s stock valued at $798,579,000 after purchasing an additional 134,998 shares during the period. Nationwide Fund Advisors grew its holdings in Total System Services by 21.4% during the second quarter. Nationwide Fund Advisors now owns 363,203 shares of the credit services provider’s stock valued at $21,157,000 after purchasing an additional 64,038 shares during the period. South Dakota Investment Council acquired a new position in Total System Services during the second quarter valued at approximately $711,000. Aviva PLC grew its holdings in Total System Services by 10.6% during the second quarter. Aviva PLC now owns 106,880 shares of the credit services provider’s stock valued at $6,227,000 after purchasing an additional 10,240 shares during the period. Finally, Gotham Asset Management LLC grew its holdings in Total System Services by 801.6% during the second quarter. Gotham Asset Management LLC now owns 114,449 shares of the credit services provider’s stock valued at $6,667,000 after purchasing an additional 101,755 shares during the period. Hedge funds and other institutional investors own 76.18% of the company’s stock.

In other Total System Services news, Director Philip W. Tomlinson sold 220,974 shares of Total System Services stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $63.65, for a total transaction of $14,064,995.10. Following the transaction, the director now directly owns 326,200 shares of the company’s stock, valued at approximately $20,762,630. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Paul M. Todd sold 4,057 shares of Total System Services stock in a transaction on Monday, August 14th. The stock was sold at an average price of $63.50, for a total transaction of $257,619.50. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders.

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Shares of Total System Services, Inc. (NYSE:TSS) traded down 0.28% on Friday, reaching $70.51. 1,533,939 shares of the company traded hands. Total System Services, Inc. has a one year low of $47.01 and a one year high of $71.63. The firm has a 50-day moving average price of $67.48 and a 200 day moving average price of $62.25. The company has a market capitalization of $12.99 billion, a PE ratio of 34.21 and a beta of 1.12.

Total System Services (NYSE:TSS) last posted its quarterly earnings data on Tuesday, October 24th. The credit services provider reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.07. The firm had revenue of $852.80 million for the quarter, compared to the consensus estimate of $842.30 million. Total System Services had a net margin of 8.73% and a return on equity of 26.25%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.71 EPS. Equities analysts forecast that Total System Services, Inc. will post $3.29 EPS for the current fiscal year.

TSS has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Total System Services from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Cowen and Company restated a “buy” rating and set a $67.00 price objective on shares of Total System Services in a report on Thursday, September 7th. KeyCorp restated an “overweight” rating on shares of Total System Services in a report on Thursday, August 31st. Stifel Nicolaus cut shares of Total System Services from a “buy” rating to a “hold” rating and set a $69.00 price objective for the company. in a report on Tuesday, September 19th. Finally, BMO Capital Markets boosted their price objective on shares of Total System Services from $62.90 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $68.80.

Total System Services 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.

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

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