Total System Services, Inc. (TSS) Position Lessened by Alps Advisors Inc.

Alps Advisors Inc. decreased its position in shares of Total System Services, Inc. (NYSE:TSS) by 3.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 15,925 shares of the credit services provider’s stock after selling 630 shares during the period. Alps Advisors Inc.’s holdings in Total System Services were worth $1,572,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Fort L.P. purchased a new position in Total System Services during the second quarter worth approximately $119,000. Piedmont Investment Advisors LLC purchased a new position in Total System Services during the second quarter worth approximately $159,000. CENTRAL TRUST Co raised its stake in Total System Services by 187.9% during the third quarter. CENTRAL TRUST Co now owns 1,647 shares of the credit services provider’s stock worth $163,000 after purchasing an additional 1,075 shares during the period. Bray Capital Advisors purchased a new position in Total System Services during the second quarter worth approximately $177,000. Finally, Pwmco LLC purchased a new position in Total System Services during the third quarter worth approximately $222,000. 76.74% of the stock is currently owned by institutional investors and hedge funds.

TSS has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Total System Services from a “hold” rating to a “buy” rating and set a $104.00 price target on the stock in a research note on Monday, July 30th. Guggenheim reaffirmed a “buy” rating and set a $103.00 price target on shares of Total System Services in a research note on Wednesday, July 25th. Nomura reaffirmed a “buy” rating and set a $96.00 price target on shares of Total System Services in a research note on Wednesday, July 25th. Citigroup increased their price target on shares of Total System Services from $104.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $105.00 price target on shares of Total System Services in a research note on Wednesday, July 25th. Seven analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Total System Services currently has a consensus rating of “Buy” and an average target price of $96.11.

In other news, EVP Dorenda K. Weaver sold 5,009 shares of the firm’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $99.00, for a total value of $495,891.00. Following the transaction, the executive vice president now owns 44,358 shares of the company’s stock, valued at approximately $4,391,442. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Patricia A. Watson sold 15,332 shares of the firm’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $93.30, for a total transaction of $1,430,475.60. Following the completion of the transaction, the executive vice president now directly owns 30,743 shares in the company, valued at approximately $2,868,321.90. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.

Shares of TSS stock opened at $88.87 on Wednesday. Total System Services, Inc. has a 52 week low of $70.85 and a 52 week high of $100.39. The company has a current ratio of 2.57, a quick ratio of 2.55 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $16.69 billion, a PE ratio of 27.60, a price-to-earnings-growth ratio of 1.46 and a beta of 1.17.

Total System Services (NYSE:TSS) last issued its earnings results on Tuesday, October 23rd. The credit services provider reported $1.16 EPS for the quarter, beating the Zacks’ consensus estimate 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 business had revenue of $964.60 million for the quarter, compared to the consensus estimate of $950.55 million. During the same quarter last year, the firm posted $0.88 EPS. The business’s revenue for the quarter 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 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Thursday, September 20th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Wednesday, September 19th. Total System Services’s dividend payout ratio is presently 16.15%.

Total System Services Company Profile

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

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