Retirement Systems of Alabama trimmed its position in Total System Services, Inc. (NYSE:TSS) by 3.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 139,791 shares of the credit services provider’s stock after selling 4,595 shares during the period. Retirement Systems of Alabama’s holdings in Total System Services were worth $13,803,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in TSS. Fort L.P. bought a new position in Total System Services in the 2nd quarter valued at $119,000. Piedmont Investment Advisors LLC bought a new position in Total System Services in the 2nd quarter valued at $159,000. CENTRAL TRUST Co boosted its holdings in Total System Services by 187.9% in the 3rd quarter. CENTRAL TRUST Co now owns 1,647 shares of the credit services provider’s stock valued at $163,000 after purchasing an additional 1,075 shares during the period. Bray Capital Advisors bought a new position in Total System Services in the 2nd quarter valued at $177,000. Finally, Eqis Capital Management Inc. bought a new position in Total System Services in the 2nd quarter valued at $231,000. 76.74% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have commented on TSS. Zacks Investment Research downgraded shares of Total System Services from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. BMO Capital Markets began coverage on shares of Total System Services in a report on Wednesday, September 26th. They issued a “market perform” rating and a $94.00 price target for the company. Citigroup raised their price target on shares of Total System Services from $105.00 to $110.00 and gave the company a “buy” rating in a report on Friday, October 5th. UBS Group raised shares of Total System Services from a “market perform” rating to an “outperform” rating in a report on Thursday, September 6th. Finally, Oppenheimer raised shares of Total System Services from a “market perform” rating to an “outperform” rating and set a $110.00 price target for the company in a report on Thursday, September 6th. Eight analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Total System Services presently has an average rating of “Buy” and an average price target of $94.95.
NYSE TSS opened at $89.27 on Tuesday. Total System Services, Inc. has a 52-week low of $70.13 and a 52-week high of $100.39. The company has a quick ratio of 2.55, a current ratio of 2.57 and a debt-to-equity ratio of 1.47. The firm has a market cap of $16.69 billion, a PE ratio of 27.72, a P/E/G ratio of 1.46 and a beta of 1.17.
Total System Services (NYSE:TSS) last posted its quarterly earnings data on Tuesday, October 23rd. The credit services provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.07. Total System Services had a net margin of 15.93% and a return on equity of 30.28%. The company had revenue of $964.60 million during the quarter, compared to the consensus estimate of $950.55 million. During the same period in the previous year, the firm posted $0.88 EPS. The firm’s revenue was up 13.1% compared to the same quarter last year. On average, equities analysts expect that Total System Services, Inc. will post 4.25 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Thursday, September 20th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Wednesday, September 19th. Total System Services’s dividend payout ratio is currently 16.15%.
About Total System Services
Total System Services, Inc provides payment processing, merchant, and related payment services to financial and nonfinancial institutions worldwide. The company operates through three segments: Merchant Solutions, Issuer Solutions, and Netspend. It offers general purpose reloadable prepaid and payroll cards, demand deposit accounts, and other financial service solutions to the underbanked and other consumers and businesses.
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