American Century Companies Inc. Has $1.12 Million Stake in Total System Services, Inc. (TSS)

American Century Companies Inc. increased its stake in shares of Total System Services, Inc. (NYSE:TSS) by 3.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 19,203 shares of the credit services provider’s stock after purchasing an additional 620 shares during the quarter. American Century Companies Inc.’s holdings in Total System Services were worth $1,119,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Total System Services by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 16,006,463 shares of the credit services provider’s stock valued at $855,707,000 after purchasing an additional 490,011 shares during the last quarter. FMR LLC increased its position in shares of Total System Services by 14.8% during the 1st quarter. FMR LLC now owns 11,224,948 shares of the credit services provider’s stock valued at $600,086,000 after purchasing an additional 1,447,047 shares during the last quarter. BlackRock Inc. increased its position in shares of Total System Services by 2,540.3% during the 1st quarter. BlackRock Inc. now owns 11,122,344 shares of the credit services provider’s stock valued at $594,599,000 after purchasing an additional 10,701,089 shares during the last quarter. State Street Corp increased its position in shares of Total System Services by 0.9% during the 1st quarter. State Street Corp now owns 7,038,746 shares of the credit services provider’s stock valued at $376,286,000 after purchasing an additional 62,264 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Total System Services by 23.4% during the 1st quarter. Wellington Management Group LLP now owns 4,353,926 shares of the credit services provider’s stock valued at $232,761,000 after purchasing an additional 824,600 shares during the last quarter. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

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In related news, EVP G Sanders Griffith III sold 18,472 shares of the business’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $63.25, for a total transaction of $1,168,354.00. Following the completion of the transaction, the executive vice president now directly owns 187,684 shares of the company’s stock, valued at approximately $11,871,013. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Philip W. Tomlinson sold 220,974 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $63.65, for a total value of $14,064,995.10. Following the transaction, the director now directly owns 326,200 shares of the company’s stock, valued at $20,762,630. The disclosure for this sale can be found here. Insiders have sold a total of 243,503 shares of company stock valued at $15,490,969 over the last three months. 2.60% of the stock is currently owned by insiders.

Shares of Total System Services, Inc. (NYSE:TSS) opened at 66.70 on Friday. The stock has a market capitalization of $12.29 billion, a PE ratio of 32.36 and a beta of 1.13. The company’s 50 day moving average price is $66.18 and its 200-day moving average price is $59.28. Total System Services, Inc. has a 52 week low of $46.22 and a 52 week high of $70.62.

Total System Services (NYSE:TSS) last released 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 return on equity of 25.49% and a net margin of 8.78%. The firm had revenue of $844.07 million during the quarter, compared to analysts’ expectations of $842.57 million. During the same period in the previous year, the firm posted $0.74 EPS. Total System Services’s revenue for the quarter was up 6.2% on a year-over-year basis. Equities research analysts predict that Total System Services, Inc. will post $3.28 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 29th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.78%. 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 payout ratio is presently 19.51%.

Several research firms have recently weighed in on TSS. Bank of America Corporation began coverage on Total System Services in a research report on Tuesday, September 12th. They set an “underperform” rating and a $64.00 target price on the stock. Cowen and Company reissued a “buy” rating and set a $67.00 target price on shares of Total System Services in a research report on Thursday, September 7th. KeyCorp reissued an “overweight” rating on shares of Total System Services in a research report on Thursday, August 31st. Zacks Investment Research raised Total System Services from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research report on Wednesday, August 30th. Finally, Royal Bank Of Canada began coverage on Total System Services in a research report on Monday, August 28th. They set an “outperform” rating and a $75.00 target price on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $65.25.

Total System Services Profile

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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