Total System Services, Inc. (TSS) Shares Bought by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA boosted its position in shares of Total System Services, Inc. (NYSE:TSS) by 215.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 569,924 shares of the credit services provider’s stock after buying an additional 388,983 shares during the period. BNP Paribas Arbitrage SA owned about 0.31% of Total System Services worth $33,198,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of TSS. Macquarie Group Ltd. raised its stake in shares of Total System Services by 34.6% in the fourth quarter. Macquarie Group Ltd. now owns 12,800 shares of the credit services provider’s stock worth $628,000 after buying an additional 3,291 shares during the period. Gulf International Bank UK Ltd raised its stake in shares of Total System Services by 1.7% in the first quarter. Gulf International Bank UK Ltd now owns 54,542 shares of the credit services provider’s stock worth $2,915,000 after buying an additional 900 shares during the period. Bank of Montreal Can raised its stake in shares of Total System Services by 10.0% in the first quarter. Bank of Montreal Can now owns 318,717 shares of the credit services provider’s stock worth $17,039,000 after buying an additional 28,909 shares during the period. DnB Asset Management AS raised its stake in shares of Total System Services by 20.0% in the first quarter. DnB Asset Management AS now owns 18,036 shares of the credit services provider’s stock worth $964,000 after buying an additional 3,000 shares during the period. Finally, Quantitative Systematic Strategies LLC raised its stake in shares of Total System Services by 58.7% in the first quarter. Quantitative Systematic Strategies LLC now owns 16,486 shares of the credit services provider’s stock worth $881,000 after buying an additional 6,101 shares during the period. 75.66% of the stock is owned by institutional investors and hedge funds.

Total System Services, Inc. (TSS) opened at 65.41 on Thursday. The stock has a market capitalization of $12.05 billion, a P/E ratio of 31.74 and a beta of 1.14. The company’s 50-day moving average price is $61.76 and its 200 day moving average price is $57.17. Total System Services, Inc. has a 52 week low of $46.22 and a 52 week high of $65.44.

Total System Services (NYSE:TSS) last announced its quarterly earnings data on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.05. Total System Services had a return on equity of 25.49% and a net margin of 8.78%. The company had revenue of $844.07 million for the quarter, compared to analyst estimates of $842.57 million. During the same quarter in the previous year, the company earned $0.74 EPS. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. Equities research analysts expect that Total System Services, Inc. will post $3.28 EPS for the current fiscal year.

The firm also recently disclosed 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 yield of 0.79%. The ex-dividend date of this dividend is Wednesday, September 20th. This is a positive change from Total System Services’s previous quarterly dividend of $0.10. Total System Services’s payout ratio is currently 19.51%.

COPYRIGHT VIOLATION NOTICE: “Total System Services, Inc. (TSS) Shares Bought by BNP Paribas Arbitrage SA” was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of US & international copyright laws. The correct version of this piece of content can be viewed at https://sportsperspectives.com/2017/08/17/total-system-services-inc-tss-shares-bought-by-bnp-paribas-arbitrage-sa.html.

TSS has been the subject of a number of research analyst reports. Pacific Crest reaffirmed an “overweight” rating and set a $58.00 target price on shares of Total System Services in a research report on Monday, April 24th. Stifel Nicolaus set a $65.00 target price on Total System Services and gave the company a “buy” rating in a research report on Wednesday, April 26th. First Analysis lowered Total System Services from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $60.00 to $63.00 in a research report on Wednesday, May 3rd. They noted that the move was a valuation call. Goldman Sachs Group, Inc. (The) raised Total System Services from a “neutral” rating to a “buy” rating and lifted their target price for the company from $60.00 to $68.00 in a research report on Monday, May 8th. Finally, Barclays PLC lifted their target price on Total System Services from $65.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday, May 25th. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Total System Services currently has an average rating of “Buy” and a consensus target price of $64.05.

In other news, CFO Paul M. Todd sold 4,057 shares of Total System Services stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $63.50, for a total transaction of $257,619.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP G Sanders Griffith III sold 18,472 shares of Total System Services stock in a transaction that occurred on Friday, July 28th. The shares were 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 $11,871,013. The disclosure for this sale can be found here. Insiders sold a total of 291,503 shares of company stock worth $18,332,089 in the last ninety days. 2.60% of the stock is 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.

Institutional Ownership by Quarter for Total System Services (NYSE:TSS)

Receive News & Ratings for Total System Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Total System Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply