Other institutional investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. purchased a new position in shares of Total System Services during the fourth quarter valued at about $1,805,000. Federated Investors Inc. PA boosted its position in shares of Total System Services by 11.0% in the fourth quarter. Federated Investors Inc. PA now owns 3,935 shares of the credit services provider’s stock valued at $193,000 after buying an additional 391 shares in the last quarter. HighPoint Advisor Group LLC purchased a new position in shares of Total System Services during the fourth quarter valued at about $785,000. Kentucky Retirement Systems purchased a new position in shares of Total System Services during the fourth quarter valued at about $589,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Total System Services during the fourth quarter valued at about $263,000. 75.21% of the stock is currently owned by institutional investors.
Sapphire Star Partners LP boosted its stake in shares of Total System Services, Inc. (NYSE:TSS) by 1.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,480 shares of the credit services provider’s stock after buying an additional 80 shares during the period. Sapphire Star Partners LP’s holdings in Total System Services were worth $258,000 at the end of the most recent quarter.
Total System Services, Inc. (NYSE TSS) traded down 0.72% during mid-day trading on Wednesday, reaching $63.54. 358,894 shares of the company were exchanged. The stock’s 50-day moving average is $60.20 and its 200-day moving average is $56.34. The company has a market cap of $11.70 billion, a P/E ratio of 30.95 and a beta of 1.14. Total System Services, Inc. has a 12 month low of $46.22 and a 12 month high of $64.94.
Total System Services (NYSE:TSS) last posted its quarterly earnings data on Tuesday, July 25th. The credit services provider reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.05. The firm had revenue of $844.07 million for the quarter, compared to analyst estimates of $842.57 million. Total System Services had a return on equity of 25.49% and a net margin of 8.78%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the company earned $0.74 EPS. Equities analysts expect that Total System Services, Inc. will post $3.28 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 29th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Wednesday, September 20th. This is an increase from Total System Services’s previous quarterly dividend of $0.10. Total System Services’s dividend payout ratio (DPR) is currently 19.51%.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Total System Services from a “hold” rating to a “sell” rating in a research note on Tuesday, April 4th. Atlantic Securities reaffirmed a “neutral” rating and set a $59.00 price target on shares of Total System Services in a research note on Wednesday, April 12th. Pacific Crest reaffirmed an “overweight” rating and set a $58.00 price target on shares of Total System Services in a research note on Monday, April 24th. Stifel Nicolaus set a $65.00 price target on shares of Total System Services and gave the stock a “buy” rating in a research note on Wednesday, April 26th. Finally, First Analysis cut shares of Total System Services from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $60.00 to $63.00 in a research note on Wednesday, May 3rd. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Total System Services has a consensus rating of “Buy” and a consensus price target of $63.42.
In related news, EVP G Sanders Griffith III sold 18,472 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $63.25, for a total transaction of $1,168,354.00. Following the sale, the executive vice president now owns 187,684 shares of the company’s stock, valued at approximately $11,871,013. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard W. Ussery sold 48,000 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $59.19, for a total value of $2,841,120.00. Following the sale, the director now directly owns 219,968 shares in the company, valued at approximately $13,019,905.92. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.
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.