Voya Investment Management LLC Has $32.11 Million Position in Total System Services, Inc. (TSS)

Voya Investment Management LLC increased its holdings in shares of Total System Services, Inc. (NYSE:TSS) by 86.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 379,892 shares of the credit services provider’s stock after purchasing an additional 176,543 shares during the period. Voya Investment Management LLC owned 0.21% of Total System Services worth $32,109,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the stock. BlackRock Inc. grew its holdings in Total System Services by 1.3% during the second quarter. BlackRock Inc. now owns 12,068,642 shares of the credit services provider’s stock worth $1,020,041,000 after purchasing an additional 159,847 shares during the period. Wells Fargo & Company MN lifted its position in Total System Services by 6.8% during the first quarter. Wells Fargo & Company MN now owns 2,971,323 shares of the credit services provider’s stock worth $256,306,000 after acquiring an additional 190,117 shares during the last quarter. Janus Henderson Group PLC lifted its position in Total System Services by 56.5% during the second quarter. Janus Henderson Group PLC now owns 2,897,435 shares of the credit services provider’s stock worth $244,891,000 after acquiring an additional 1,045,842 shares during the last quarter. Northern Trust Corp lifted its position in Total System Services by 0.5% during the first quarter. Northern Trust Corp now owns 2,414,562 shares of the credit services provider’s stock worth $208,280,000 after acquiring an additional 12,813 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Total System Services by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 1,240,196 shares of the credit services provider’s stock worth $104,822,000 after acquiring an additional 15,426 shares during the last quarter. Institutional investors and hedge funds own 76.53% of the company’s stock.

In other Total System Services news, EVP Dorenda K. Weaver sold 5,009 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $99.00, for a total transaction of $495,891.00. Following the completion of the transaction, the executive vice president now directly owns 44,358 shares in the company, valued at $4,391,442. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Patricia A. Watson sold 15,332 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $93.30, for a total transaction of $1,430,475.60. Following the transaction, the executive vice president now owns 30,743 shares of the company’s stock, valued at $2,868,321.90. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.

Several equities research analysts have issued reports on TSS shares. Morgan Stanley raised their price objective on shares of Total System Services from $92.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 25th. Zacks Investment Research downgraded shares of Total System Services from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. Royal Bank of Canada restated a “buy” rating and set a $105.00 price objective on shares of Total System Services in a research report on Wednesday, July 25th. Guggenheim restated a “buy” rating and set a $103.00 price objective on shares of Total System Services in a research report on Wednesday, July 25th. Finally, Oppenheimer upgraded shares of Total System Services from a “market perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research report on Thursday, September 6th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $92.81.

Shares of NYSE TSS traded down $0.98 during midday trading on Friday, reaching $95.86. The company’s stock had a trading volume of 1,265,818 shares, compared to its average volume of 1,267,683. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.62. Total System Services, Inc. has a fifty-two week low of $66.63 and a fifty-two week high of $100.39. The company has a market cap of $18.01 billion, a price-to-earnings ratio of 29.77, a PEG ratio of 1.61 and a beta of 1.17.

Total System Services (NYSE:TSS) last released its quarterly earnings results on Tuesday, July 24th. The credit services provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.04. Total System Services had a net margin of 14.39% and a return on equity of 29.26%. The company had revenue of $956.55 million during the quarter, compared to the consensus estimate of $936.79 million. During the same period in the previous year, the business earned $0.85 earnings per share. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. On average, equities research analysts forecast that Total System Services, Inc. will post 4.19 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Thursday, September 20th were given a dividend of $0.13 per share. The ex-dividend date was Wednesday, September 19th. This represents a $0.52 annualized dividend and a yield of 0.54%. Total System Services’s dividend payout ratio is currently 16.15%.

Total System Services Company 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: Merchant Solutions, Issuer Solutions, and Netspend. 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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