Ameritas Investment Partners Inc. Has $230,000 Stake in Total System Services, Inc. (TSS)

Ameritas Investment Partners Inc. held its stake in Total System Services, Inc. (NYSE:TSS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,955 shares of the credit services provider’s stock at the end of the second quarter. Ameritas Investment Partners Inc.’s holdings in Total System Services were worth $230,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Psagot Investment House Ltd. lifted its stake in shares of Total System Services by 17.8% during the 2nd quarter. Psagot Investment House Ltd. now owns 119,080 shares of the credit services provider’s stock worth $6,936,000 after purchasing an additional 18,000 shares during the period. Nomura Holdings Inc. purchased a new position in shares of Total System Services during the 2nd quarter worth $981,000. California State Teachers Retirement System lifted its stake in shares of Total System Services by 0.9% during the 2nd quarter. California State Teachers Retirement System now owns 333,167 shares of the credit services provider’s stock worth $19,407,000 after purchasing an additional 3,122 shares during the period. Americafirst Capital Management LLC purchased a new position in shares of Total System Services during the 2nd quarter worth $501,000. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in shares of Total System Services by 3.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 8,536 shares of the credit services provider’s stock worth $497,000 after purchasing an additional 270 shares during the period. 76.23% of the stock is currently owned by institutional investors.

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In other Total System Services news, CFO Paul M. Todd sold 4,057 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $63.50, for a total transaction of $257,619.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Philip W. Tomlinson sold 220,974 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was 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 disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.

TSS has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Total System Services from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Cowen and Company reissued a “buy” rating and set a $67.00 price target on shares of Total System Services in a research note on Thursday, September 7th. KeyCorp reissued an “overweight” rating on shares of Total System Services in a research note on Thursday, August 31st. Stifel Nicolaus lowered Total System Services from a “buy” rating to a “hold” rating and set a $69.00 price target on the stock. in a research note on Tuesday, September 19th. Finally, BMO Capital Markets increased their price target on Total System Services from $62.90 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 26th. One 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 given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $69.36.

Total System Services, Inc. (NYSE:TSS) opened at 70.98 on Tuesday. The firm has a 50-day moving average price of $67.53 and a 200 day moving average price of $62.53. The stock has a market capitalization of $13.08 billion, a price-to-earnings ratio of 34.44 and a beta of 1.12. Total System Services, Inc. has a 52-week low of $47.01 and a 52-week high of $71.63.

Total System Services (NYSE:TSS) last released its quarterly earnings data on Tuesday, October 24th. The credit services provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.07. Total System Services had a net margin of 8.73% and a return on equity of 26.25%. The business had revenue of $852.80 million during the quarter, compared to analyst estimates of $842.30 million. During the same quarter in the previous year, the business earned $0.71 EPS. Total System Services’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts predict that Total System Services, Inc. will post $3.33 EPS for the current year.

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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