Oakworth Capital Inc. Continues to Hold Position in Total System Services, Inc. (TSS)

Oakworth Capital Inc. continued to hold its stake in shares of Total System Services, Inc. (NYSE:TSS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,715 shares of the credit services provider’s stock at the end of the second quarter. Oakworth Capital Inc.’s holdings in Total System Services were worth $216,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Regentatlantic Capital LLC increased its stake in shares of Total System Services by 0.4% in the second quarter. Regentatlantic Capital LLC now owns 4,756 shares of the credit services provider’s stock valued at $277,000 after buying an additional 19 shares during the last quarter. OLD National Bancorp IN boosted its position in shares of Total System Services by 0.6% in the second quarter. OLD National Bancorp IN now owns 3,882 shares of the credit services provider’s stock valued at $226,000 after buying an additional 25 shares during the period. Capital Investment Advisors LLC boosted its position in shares of Total System Services by 0.3% in the second quarter. Capital Investment Advisors LLC now owns 18,983 shares of the credit services provider’s stock valued at $1,106,000 after buying an additional 54 shares during the period. Jaffetilchin Investment Partners LLC boosted its position in shares of Total System Services by 1.5% in the first quarter. Jaffetilchin Investment Partners LLC now owns 4,550 shares of the credit services provider’s stock valued at $243,000 after buying an additional 68 shares during the period. Finally, ING Groep NV boosted its position in shares of Total System Services by 0.6% in the second quarter. ING Groep NV now owns 12,905 shares of the credit services provider’s stock valued at $752,000 after buying an additional 72 shares during the period. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Total System Services, Inc. (NYSE:TSS) opened at 63.06 on Friday. Total System Services, Inc. has a one year low of $46.22 and a one year high of $64.94. The stock has a 50 day moving average price of $61.27 and a 200 day moving average price of $56.87. The firm has a market capitalization of $11.62 billion, a P/E ratio of 30.60 and a beta of 1.14.

Total System Services (NYSE:TSS) last posted its earnings results on Tuesday, July 25th. The credit services provider reported $0.85 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $844.07 million during the quarter, compared to analysts’ expectations of $842.57 million. During the same period last year, the company posted $0.74 EPS. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, equities analysts predict that Total System Services, Inc. will post $3.28 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 29th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.82%. This is a boost from Total System Services’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, September 20th. Total System Services’s dividend payout ratio (DPR) is currently 19.51%.

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Several equities analysts have recently issued reports on TSS shares. Pacific Crest reiterated an “overweight” rating and set a $58.00 price target on shares of Total System Services in a research report on Monday, April 24th. Stifel Nicolaus set a $65.00 target price on Total System Services and gave the stock a “buy” rating in a report on Wednesday, April 26th. First Analysis cut Total System Services from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $60.00 to $63.00 in a report on Wednesday, May 3rd. They noted that the move was a valuation call. Goldman Sachs Group, Inc. (The) upgraded Total System Services from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $60.00 to $68.00 in a report on Monday, May 8th. Finally, Barclays PLC lifted their price target on Total System Services from $65.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, May 25th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $64.05.

In other news, Director Philip W. Tomlinson sold 220,974 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $63.65, for a total value of $14,064,995.10. Following the completion of the sale, the director now directly owns 326,200 shares of the company’s stock, valued at approximately $20,762,630. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard W. Ussery sold 48,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $59.19, for a total transaction of $2,841,120.00. Following the completion of the sale, the director now directly owns 219,968 shares of the company’s stock, valued at $13,019,905.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 287,446 shares of company stock valued at $18,074,469. Corporate insiders own 2.60% of the company’s stock.

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.

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

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