Total System Services, Inc. (NYSE:TSS) Sees Significant Growth in Short Interest

Total System Services, Inc. (NYSE:TSS) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totalling 3,762,900 shares, an increase of 30.7% from the May 30th total of 2,878,000 shares. Based on an average trading volume of 1,780,000 shares, the short-interest ratio is currently 2.1 days. Currently, 2.2% of the company’s shares are sold short.

Total System Services stock traded up $0.04 during midday trading on Friday, reaching $132.10. The stock had a trading volume of 1,343,627 shares, compared to its average volume of 1,072,561. Total System Services has a 12 month low of $75.58 and a 12 month high of $133.75. The company has a market cap of $23.43 billion, a P/E ratio of 30.57, a P/E/G ratio of 2.35 and a beta of 0.82. The business has a fifty day moving average price of $126.49. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.17 and a quick ratio of 2.17.

Total System Services (NYSE:TSS) last issued its earnings results on Tuesday, April 23rd. The credit services provider reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.03. Total System Services had a return on equity of 31.25% and a net margin of 14.63%. The business had revenue of $980.30 million during the quarter, compared to analyst estimates of $998.73 million. During the same period in the previous year, the company posted $1.13 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. On average, equities analysts expect that Total System Services will post 4.63 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Thursday, June 20th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date was Wednesday, June 19th. Total System Services’s dividend payout ratio is currently 12.21%.

A number of institutional investors and hedge funds have recently modified their holdings of TSS. Berman Capital Advisors LLC increased its holdings in Total System Services by 119.6% during the 1st quarter. Berman Capital Advisors LLC now owns 325 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 177 shares in the last quarter. Icon Wealth Partners LLC bought a new stake in Total System Services during the 1st quarter worth approximately $32,000. Patriot Financial Group Insurance Agency LLC bought a new stake in Total System Services during the 1st quarter worth approximately $33,000. Pittenger & Anderson Inc. bought a new stake in Total System Services during the 1st quarter worth approximately $33,000. Finally, Liberty Wealth Management LLC bought a new stake in Total System Services during the 4th quarter worth approximately $34,000. 77.22% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on TSS. BMO Capital Markets raised Tourmaline Oil from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 30th. Guggenheim reissued a “hold” rating on shares of Burlington Stores in a research report on Thursday, May 30th. Cowen lowered Total System Services from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 29th. Robert W. Baird lifted their price objective on Total System Services from $98.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, March 29th. Finally, Zacks Investment Research raised Iterum Therapeutics from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a research report on Thursday, March 28th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $107.29.

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: Issuer Solutions, Merchant Solutions, and Consumer Solutions. 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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