Total System Services, Inc. (TSS) Shares Bought by Allianz Asset Management GmbH

Allianz Asset Management GmbH boosted its position in shares of Total System Services, Inc. (NYSE:TSS) by 16.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 772,877 shares of the credit services provider’s stock after acquiring an additional 107,104 shares during the quarter. Allianz Asset Management GmbH owned 0.42% of Total System Services worth $50,623,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its stake in shares of Total System Services by 422.2% in the 2nd 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 during the period. Janus Henderson Group PLC boosted its stake in shares of Total System Services by 7,710.6% in the 2nd quarter. Janus Henderson Group PLC now owns 1,735,118 shares of the credit services provider’s stock valued at $101,071,000 after buying an additional 1,712,903 shares during the period. American Century Companies Inc. boosted its stake in shares of Total System Services by 5,111.9% in the 3rd quarter. American Century Companies Inc. now owns 1,000,833 shares of the credit services provider’s stock valued at $65,555,000 after buying an additional 981,630 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Total System Services by 26.5% in the 2nd 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 during the period. Finally, Prudential Financial Inc. boosted its stake in shares of Total System Services by 160.2% in the 2nd quarter. Prudential Financial Inc. now owns 1,091,132 shares of the credit services provider’s stock valued at $63,558,000 after buying an additional 671,800 shares during the period. Institutional investors own 76.09% of the company’s stock.

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

Total System Services, Inc. (TSS) traded up $0.79 on Thursday, reaching $74.81. The company’s stock had a trading volume of 1,477,400 shares, compared to its average volume of 1,262,331. The firm has a market capitalization of $13,850.00, a price-to-earnings ratio of 23.57, a price-to-earnings-growth ratio of 1.82 and a beta of 1.10. Total System Services, Inc. has a 52 week low of $47.84 and a 52 week high of $75.20. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.03 and a current ratio of 1.03.

Total System Services (NYSE:TSS) last released its quarterly earnings results on Tuesday, October 24th. The credit services provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.81 by $0.07. The company had revenue of $852.80 million for the quarter, compared to analyst estimates of $842.30 million. Total System Services had a return on equity of 26.25% and a net margin of 8.73%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 earnings per share. sell-side analysts predict that Total System Services, Inc. will post 3.2 earnings per share for the current fiscal year.

In other news, EVP Patricia A. Watson sold 23,608 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $74.01, for a total value 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 SEC, which is available at the SEC website. Insiders own 2.60% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Total System Services, Inc. (TSS) Shares Bought by Allianz Asset Management GmbH” was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US and international copyright and trademark laws. The correct version of this piece of content can be read at https://www.chaffeybreeze.com/2017/12/07/total-system-services-inc-tss-shares-bought-by-allianz-asset-management-gmbh.html.

Total System Services Company 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.

Want to see what other hedge funds are holding TSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Total System Services, Inc. (NYSE:TSS).

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

Receive News & Ratings for Total System Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Total System Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply