Schwab Charles Investment Management Inc. Has $77.21 Million Holdings in Total System Services, Inc. (TSS)

Schwab Charles Investment Management Inc. raised its stake in Total System Services, Inc. (NYSE:TSS) by 9.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,178,746 shares of the credit services provider’s stock after acquiring an additional 97,514 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.64% of Total System Services worth $77,208,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Total System Services by 3.3% in the second quarter. Vanguard Group Inc. now owns 16,532,149 shares of the credit services provider’s stock valued at $962,997,000 after buying an additional 525,686 shares in the last quarter. Synovus Financial Corp increased its position in shares of Total System Services by 1.0% in 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 buying an additional 134,998 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Total System Services by 422.2% in the second quarter. Ameriprise Financial Inc. now owns 4,395,728 shares of the credit services provider’s stock valued at $256,053,000 after buying an additional 3,553,887 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Total System Services by 21.9% in the second quarter. Goldman Sachs Group Inc. now owns 3,610,449 shares of the credit services provider’s stock valued at $210,308,000 after buying an additional 649,271 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Total System Services by 26.5% in the second quarter. Wells Fargo & Company MN now owns 3,222,462 shares of the credit services provider’s stock valued at $187,708,000 after buying an additional 675,452 shares in the last quarter. 76.10% of the stock is owned by institutional investors.

A number of analysts have recently commented on TSS shares. Barclays boosted their price objective on Total System Services from $78.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, October 25th. Robert W. Baird boosted their price objective on Total System Services from $76.00 to $78.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. BidaskClub upgraded Total System Services from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. KeyCorp restated an “overweight” rating on shares of Total System Services in a research report on Thursday, August 31st. Finally, Stifel Nicolaus cut Total System Services from a “buy” rating to a “hold” rating and set a $69.00 price objective for the company. in a research report on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $69.36.

Shares of Total System Services, Inc. (TSS) traded down $0.48 on Friday, hitting $73.88. The company had a trading volume of 1,217,243 shares, compared to its average volume of 1,132,176. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.03 and a quick ratio of 1.03. Total System Services, Inc. has a 52-week low of $47.46 and a 52-week high of $74.72. The stock has a market capitalization of $13,582.54, a PE ratio of 23.53, a price-to-earnings-growth ratio of 1.81 and a beta of 1.10.

Total System Services (NYSE:TSS) last issued its quarterly earnings results on Tuesday, October 24th. The credit services provider reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $842.30 million. During the same period in the previous year, the business earned $0.71 earnings per share. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. sell-side analysts predict that Total System Services, Inc. will post 3.2 EPS for the current year.

In other Total System Services news, EVP Patricia A. Watson sold 23,608 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $1,562,499.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.60% of the stock is currently owned by insiders.

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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.

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

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