Total System Services, Inc. (NYSE:TSS) insider Pamela A. Joseph sold 3,967 shares of Total System Services stock in a transaction dated Monday, January 30th. The shares were sold at an average price of $50.92, for a total value of $201,999.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Total System Services, Inc. (NYSE:TSS) traded down 1.01% during mid-day trading on Wednesday, reaching $50.17. The company had a trading volume of 311,395 shares. The firm has a 50 day moving average of $51.48 and a 200-day moving average of $49.80. Total System Services, Inc. has a one year low of $37.47 and a one year high of $56.54. The stock has a market capitalization of $9.21 billion, a P/E ratio of 29.00 and a beta of 1.03.
Total System Services (NYSE:TSS) last announced its quarterly earnings data on Tuesday, January 24th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.01. The business earned $1.13 billion during the quarter, compared to analysts’ expectations of $835.06 million. Total System Services had a return on equity of 24.32% and a net margin of 8.38%. The firm’s quarterly revenue was up 57.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.57 earnings per share. Analysts forecast that Total System Services, Inc. will post $3.12 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 3rd. Stockholders of record on Thursday, December 15th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.79%. The ex-dividend date was Tuesday, December 13th. Total System Services’s dividend payout ratio is currently 23.12%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of Montreal Can acquired a new position in Total System Services during the second quarter valued at $5,350,000. Strs Ohio boosted its position in Total System Services by 32.5% in the second quarter. Strs Ohio now owns 18,654 shares of the company’s stock valued at $990,000 after buying an additional 4,575 shares in the last quarter. Conning Inc. boosted its position in Total System Services by 0.4% in the second quarter. Conning Inc. now owns 5,452 shares of the company’s stock valued at $290,000 after buying an additional 20 shares in the last quarter. Retirement Systems of Alabama boosted its position in Total System Services by 92.4% in the second quarter. Retirement Systems of Alabama now owns 164,635 shares of the company’s stock valued at $8,744,000 after buying an additional 79,081 shares in the last quarter. Finally, Advisory Services Network LLC raised its stake in shares of Total System Services by 257.0% in the second quarter. Advisory Services Network LLC now owns 7,965 shares of the company’s stock valued at $423,000 after buying an additional 5,734 shares during the last quarter. Hedge funds and other institutional investors own 73.22% of the company’s stock.
Several research firms have recently weighed in on TSS. Zacks Investment Research cut Total System Services from a “hold” rating to a “sell” rating in a report on Friday, January 20th. BMO Capital Markets started coverage on Total System Services in a report on Thursday, January 5th. They issued an “outperform” rating and a $62.00 target price on the stock. Goldman Sachs Group, Inc. (The) upgraded Total System Services from a “sell” rating to a “neutral” rating and set a $49.00 target price on the stock in a report on Friday, December 16th. Stephens upgraded Total System Services from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 3rd. Finally, Credit Suisse Group boosted their price target on Total System Services from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Wednesday, January 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Total System Services presently has an average rating of “Buy” and a consensus target price of $55.18.
Total System Services Company Profile
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.