Walter W. Driver, Jr. Sells 13,759 Shares of Total System Services, Inc. (NYSE:TSS) Stock

Total System Services, Inc. (NYSE:TSS) Director Walter W. Driver, Jr. sold 13,759 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $136.24, for a total transaction of $1,874,526.16. Following the sale, the director now owns 27,155 shares in the company, valued at $3,699,597.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

NYSE TSS traded down $0.36 on Friday, reaching $135.48. The company had a trading volume of 1,380,582 shares, compared to its average volume of 1,492,189. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $23.66 billion, a PE ratio of 31.80, a price-to-earnings-growth ratio of 2.37 and a beta of 0.86. The firm’s 50 day moving average price is $131.85 and its 200 day moving average price is $115.18. Total System Services, Inc. has a 12 month low of $75.58 and a 12 month high of $142.30.

Total System Services (NYSE:TSS) last announced its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.06. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. Total System Services had a net margin of 15.03% and a return on equity of 32.26%. Total System Services’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.11 EPS. On average, research analysts expect that Total System Services, Inc. will post 4.64 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.52 dividend on an annualized basis and a yield of 0.38%. Total System Services’s dividend payout ratio is currently 12.21%.

TSS has been the topic of several recent analyst reports. Robert W. Baird set a $148.00 price objective on shares of Total System Services and gave the company a “buy” rating in a research report on Friday, July 19th. Cowen downgraded shares of Total System Services from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 29th. Guggenheim downgraded shares of Total System Services from a “buy” rating to a “neutral” rating in a research report on Thursday, May 30th. BMO Capital Markets raised their price objective on shares of Total System Services to $121.00 and gave the company a “market perform” rating in a research report on Thursday, May 30th. Finally, Barclays raised their price objective on shares of Total System Services from $146.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $116.18.

A number of hedge funds and other institutional investors have recently made changes to their positions in TSS. Price T Rowe Associates Inc. MD increased its holdings in Total System Services by 3,637.1% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 11,611,460 shares of the credit services provider’s stock valued at $1,489,402,000 after acquiring an additional 11,300,754 shares during the last quarter. Magnetar Financial LLC increased its holdings in Total System Services by 16,088.7% in the 2nd quarter. Magnetar Financial LLC now owns 1,746,766 shares of the credit services provider’s stock valued at $224,058,000 after acquiring an additional 1,735,976 shares during the last quarter. Suvretta Capital Management LLC bought a new stake in Total System Services in the 2nd quarter valued at $149,645,000. Nuveen Asset Management LLC increased its holdings in Total System Services by 698.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,177,842 shares of the credit services provider’s stock valued at $151,082,000 after acquiring an additional 1,030,396 shares during the last quarter. Finally, Alpine Associates Management Inc. bought a new stake in Total System Services in the 2nd quarter valued at $93,509,000. Institutional investors own 78.66% of the company’s stock.

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: 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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Insider Buying and Selling by Quarter for Total System Services (NYSE:TSS)

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