First Trust Advisors LP boosted its position in shares of Total System Services, Inc. (NYSE:TSS) by 46.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 333,062 shares of the credit services provider’s stock after buying an additional 105,716 shares during the period. First Trust Advisors LP owned 0.18% of Total System Services worth $19,401,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Altavista Wealth Management Inc. purchased a new stake in shares of Total System Services during the first quarter worth approximately $290,000. Rothschild Asset Management Inc. purchased a new stake in shares of Total System Services during the first quarter worth approximately $390,000. Glen Harbor Capital Management LLC increased its stake in shares of Total System Services by 23.1% in the first quarter. Glen Harbor Capital Management LLC now owns 29,344 shares of the credit services provider’s stock worth $1,569,000 after buying an additional 5,516 shares during the last quarter. Tudor Investment Corp ET AL increased its stake in shares of Total System Services by 5.8% in the first quarter. Tudor Investment Corp ET AL now owns 529,019 shares of the credit services provider’s stock worth $28,281,000 after buying an additional 28,923 shares during the last quarter. Finally, DnB Asset Management AS increased 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 last quarter. Hedge funds and other institutional investors own 75.66% of the company’s stock.
Total System Services, Inc. (NYSE TSS) opened at 64.95 on Friday. The stock has a market capitalization of $11.97 billion, a PE ratio of 31.51 and a beta of 1.14. The stock’s 50 day moving average is $62.14 and its 200-day moving average is $57.33. Total System Services, Inc. has a 52 week low of $46.22 and a 52 week high of $65.62.
Total System Services (NYSE:TSS) last released its earnings results on Tuesday, July 25th. The credit services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.80 by $0.05. Total System Services had a net margin of 8.78% and a return on equity of 25.49%. The business had revenue of $844.07 million during the quarter, compared to analyst estimates of $842.57 million. During the same period in the prior year, the business earned $0.74 earnings per share. The business’s quarterly revenue was up 6.2% on a year-over-year basis. Equities research analysts forecast that Total System Services, Inc. will post $3.28 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 29th will be issued a dividend of $0.13 per share. The ex-dividend date is Wednesday, September 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.80%. 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%.
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A number of research analysts have issued reports on the stock. Northcoast Research assumed coverage on shares of Total System Services in a report on Friday, June 30th. They issued a “neutral” rating for the company. Stifel Nicolaus set a $65.00 target price on shares of Total System Services and gave the company a “buy” rating in a report on Wednesday, April 26th. Pacific Crest reaffirmed an “overweight” rating and issued a $58.00 target price on shares of Total System Services in a report on Monday, April 24th. Goldman Sachs Group, Inc. (The) raised shares of Total System Services from a “neutral” rating to a “buy” rating in a report on Monday, May 15th. Finally, BidaskClub cut shares of Total System Services from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. Seven investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $64.05.
In other news, Director Richard W. Ussery sold 48,000 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $59.19, for a total transaction of $2,841,120.00. Following the sale, the director now owns 219,968 shares in the company, valued at $13,019,905.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Philip W. Tomlinson sold 220,974 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $63.65, for a total transaction of $14,064,995.10. Following the sale, the director now owns 326,200 shares in the company, valued at approximately $20,762,630. The disclosure for this sale can be found here. Insiders have sold 291,503 shares of company stock worth $18,332,089 in the last 90 days. 2.60% of the stock is owned by company 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.
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