Total System Services, Inc. (TSS) Holdings Trimmed by Lord Abbett & CO. LLC

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Lord Abbett & CO. LLC lessened its position in shares of Total System Services, Inc. (NYSE:TSS) by 5.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 106,194 shares of the credit services provider’s stock after selling 5,736 shares during the quarter. Lord Abbett & CO. LLC’s holdings in Total System Services were worth $8,633,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in TSS. Laurel Wealth Advisors LLC bought a new stake in shares of Total System Services in the 4th quarter worth approximately $28,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of Total System Services by 6,655.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,932,374 shares of the credit services provider’s stock worth $36,000 after purchasing an additional 2,888,967 shares during the last quarter. Csenge Advisory Group bought a new stake in shares of Total System Services in the 3rd quarter worth approximately $37,000. Daiwa SB Investments Ltd. bought a new stake in shares of Total System Services in the 4th quarter worth approximately $38,000. Finally, Exane Asset Management bought a new stake in shares of Total System Services in the 4th quarter worth approximately $41,000. 79.47% of the stock is currently owned by institutional investors.

Several brokerages recently issued reports on TSS. Zacks Investment Research downgraded Total System Services from a “hold” rating to a “sell” rating in a report on Wednesday, March 13th. Nomura reaffirmed a “buy” rating on shares of Total System Services in a research note on Thursday, January 31st. Jefferies Financial Group started coverage on Total System Services in a research note on Monday, January 28th. They set a “buy” rating and a $105.00 target price on the stock. Bank of America raised Total System Services from an “underperform” rating to a “neutral” rating in a research note on Thursday, January 24th. Finally, KeyCorp lifted their target price on Total System Services from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Wednesday, January 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. Total System Services has an average rating of “Buy” and a consensus price target of $98.53.

In other news, CFO Paul M. Todd sold 10,739 shares of the firm’s stock in a transaction on Friday, February 8th. The stock was sold at an average price of $91.23, for a total value of $979,718.97. Following the completion of the sale, the chief financial officer now owns 62,891 shares of the company’s stock, valued at $5,737,545.93. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP G Sanders Griffith III sold 11,273 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 192,324 shares of the company’s stock, valued at approximately $17,545,718.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 109,640 shares of company stock valued at $10,098,506. 2.40% of the stock is currently owned by insiders.

Shares of NYSE TSS opened at $94.07 on Wednesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 2.21 and a current ratio of 2.21. The firm has a market capitalization of $16.59 billion, a P/E ratio of 22.08, a P/E/G ratio of 1.67 and a beta of 1.11. Total System Services, Inc. has a 52-week low of $75.58 and a 52-week high of $100.39.

Total System Services (NYSE:TSS) last issued its earnings results on Tuesday, January 29th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.07. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $968.62 million. Total System Services had a return on equity of 30.94% and a net margin of 14.31%. As a group, research analysts expect that Total System Services, Inc. will post 4.64 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Thursday, March 21st will be given a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, March 20th. This represents a $0.52 annualized dividend and a dividend yield of 0.55%. Total System Services’s dividend payout ratio (DPR) is presently 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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