Total System Services, Inc. (NYSE:TSS) CFO Paul M. Todd sold 4,092 shares of the firm’s stock in a transaction on Monday, January 30th. The shares were sold at an average price of $50.92, for a total value of $208,364.64. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Total System Services, Inc. (NYSE:TSS) traded down 1.01% during trading on Wednesday, hitting $50.17. The stock had a trading volume of 311,389 shares. The firm has a 50 day moving average price of $51.48 and a 200-day moving average price of $49.80. The stock has a market capitalization of $9.21 billion, a price-to-earnings ratio of 29.00 and a beta of 1.03. Total System Services, Inc. has a 52 week low of $37.47 and a 52 week high of $56.54.
Total System Services (NYSE:TSS) last posted its quarterly earnings results on Tuesday, January 24th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.01. Total System Services had a return on equity of 24.32% and a net margin of 8.38%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $835.06 million. During the same period last year, the company earned $0.57 EPS. Total System Services’s revenue for the quarter was up 57.9% compared to the same quarter last year. On average, equities research analysts forecast that Total System Services, Inc. will post $3.12 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 3rd. Stockholders of record on Thursday, December 15th were given a $0.10 dividend. The ex-dividend date was Tuesday, December 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.79%. Total System Services’s dividend payout ratio is currently 23.12%.
A number of research firms have recently weighed in on TSS. Zacks Investment Research raised Total System Services from a “sell” rating to a “hold” rating and set a $57.00 target price for the company in a report on Thursday, January 26th. Credit Suisse Group lifted their target price on Total System Services from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Wednesday, January 25th. BMO Capital Markets began coverage on Total System Services in a research note on Thursday, January 5th. They issued an “outperform” rating and a $62.00 price target for the company. Stephens raised Total System Services from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 3rd. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $58.00 price target on shares of Total System Services in a research note on Wednesday, December 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Total System Services currently has a consensus rating of “Buy” and an average target price of $55.18.
Several large investors have recently modified their holdings of TSS. Nordea Investment Management AB raised its stake in shares of Total System Services by 15.9% in the third quarter. Nordea Investment Management AB now owns 5,031,856 shares of the company’s stock worth $237,252,000 after buying an additional 688,748 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Total System Services by 2.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,645,586 shares of the company’s stock worth $246,727,000 after buying an additional 111,578 shares during the last quarter. Boston Partners boosted its position in Total System Services by 5.8% in the third quarter. Boston Partners now owns 4,536,630 shares of the company’s stock worth $213,902,000 after buying an additional 247,084 shares during the last quarter. BlackRock Fund Advisors boosted its position in Total System Services by 1.9% in the third quarter. BlackRock Fund Advisors now owns 2,775,902 shares of the company’s stock worth $130,884,000 after buying an additional 50,469 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in Total System Services by 206.1% in the third quarter. Wells Fargo & Company MN now owns 2,282,429 shares of the company’s stock worth $107,617,000 after buying an additional 1,536,670 shares during the last quarter. Hedge funds and other institutional investors own 73.22% of the company’s stock.
About Total System Services
Total System Services, Inc (TSYS) is a payment solutions provider that provides services to financial and nonfinancial institutions. The Company’s segments include North America Services, Merchant Services, NetSpend and International Services. The Company also provides processing services, acquiring solutions, related systems and integrated support services to merchant acquirers and merchants.