The Total System Services, Inc. (TSS) Shares Sold by Profund Advisors LLC

The Total System Services, Inc. (TSS) Shares Sold by Profund Advisors LLC

A number of other large investors also recently added to or reduced their stakes in TSS. FMR LLC boosted its stake in Total System Services by 7.7% in the fourth quarter. FMR LLC now owns 9,777,901 shares of the credit services provider’s stock worth $479,410,000 after buying an additional 700,099 shares in the last quarter. State Street Corp boosted its stake in Total System Services by 1.3% in the fourth quarter. State Street Corp now owns 6,976,482 shares of the credit services provider’s stock worth $342,060,000 after buying an additional 87,803 shares in the last quarter. Norges Bank bought a new stake in Total System Services during the fourth quarter worth about $87,693,000. Allianz Asset Management AG boosted its stake in Total System Services by 96.8% in the fourth quarter. Allianz Asset Management AG now owns 1,047,471 shares of the credit services provider’s stock worth $51,357,000 after buying an additional 515,105 shares in the last quarter. Finally, Alyeska Investment Group L.P. boosted its stake in Total System Services by 148.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 920,936 shares of the credit services provider’s stock worth $45,153,000 after buying an additional 549,603 shares in the last quarter. 71.48% of the stock is currently owned by hedge funds and other institutional investors.

Profund Advisors LLC cut its position in shares of Total System Services, Inc. (NYSE:TSS) by 23.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,112 shares of the credit services provider’s stock after selling 1,267 shares during the period. Profund Advisors LLC’s holdings in Total System Services were worth $220,000 as of its most recent filing with the SEC.

Total System Services, Inc. (TSS) opened at 59.23 on Monday. The stock has a market cap of $10.90 billion, a price-to-earnings ratio of 32.67 and a beta of 1.00. The stock’s 50 day moving average price is $57.37 and its 200 day moving average price is $53.45. Total System Services, Inc. has a 12-month low of $46.22 and a 12-month high of $60.21.

TSS has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Total System Services from a “sell” rating to a “buy” rating and set a $59.00 price target on the stock in a research note on Wednesday, April 12th. Goldman Sachs Group Inc raised shares of Total System Services from a “neutral” rating to a “buy” rating in a research note on Monday, May 15th. Atlantic Securities reissued a “neutral” rating and issued a $59.00 price target on shares of Total System Services in a research note on Wednesday, April 12th. Stifel Nicolaus set a $65.00 price objective on Total System Services and gave the company a “buy” rating in a report on Wednesday, April 26th. Finally, Pacific Crest restated an “overweight” rating and issued a $58.00 price objective on shares of Total System Services in a report on Monday, April 24th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $60.81. In related news, Chairman M Troy Woods sold 6,500 shares of the stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $57.30, for a total transaction of $372,450.00. Following the sale, the chairman now owns 285,966 shares of the company’s stock, valued at $16,385,851.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by corporate insiders.

About Total System Services 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TSS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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