Acrospire Investment Management LLC raised its holdings in shares of Total System Services, Inc. (NYSE:TSS) by 122.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,000 shares of the credit services provider’s stock after buying an additional 1,100 shares during the quarter. Acrospire Investment Management LLC’s holdings in Total System Services were worth $117,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also bought and sold shares of the company. Bronfman E.L. Rothschild L.P. grew its position in Total System Services by 13.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,959 shares of the credit services provider’s stock worth $114,000 after buying an additional 228 shares in the last quarter. Texas Yale Capital Corp. purchased a new position in Total System Services during the second quarter worth about $205,000. Doyle Wealth Management purchased a new position in Total System Services during the second quarter worth about $205,000. Palisades Hudson Asset Management L.P. purchased a new position in Total System Services during the second quarter worth about $208,000. Finally, HL Financial Services LLC purchased a new position in Total System Services during the second quarter worth about $209,000. Institutional investors and hedge funds own 76.13% of the company’s stock.
TSS has been the subject of several recent analyst reports. Zacks Investment Research cut Total System Services from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Northcoast Research initiated coverage on Total System Services in a research report on Friday, June 30th. They set a “neutral” rating for the company. BMO Capital Markets restated an “outperform” rating and set a $67.00 target price (up from $64.00) on shares of Total System Services in a research report on Thursday, June 22nd. Cowen and Company restated a “buy” rating and set a $67.00 target price on shares of Total System Services in a research report on Thursday, September 7th. Finally, KeyCorp restated an “overweight” rating on shares of Total System Services in a research report on Thursday, August 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Total System Services currently has a consensus rating of “Buy” and a consensus target price of $65.15.
Shares of Total System Services, Inc. (NYSE:TSS) opened at 67.45 on Thursday. Total System Services, Inc. has a one year low of $46.22 and a one year high of $70.62. The stock has a market capitalization of $12.43 billion, a PE ratio of 32.73 and a beta of 1.13. The company’s 50-day moving average price is $66.32 and its 200 day moving average price is $59.51.
Total System Services (NYSE:TSS) last announced its earnings results on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, beating 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 business had revenue of $844.07 million during the quarter, compared to analyst estimates of $842.57 million. During the same quarter in the previous year, the business earned $0.74 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. Analysts anticipate that Total System Services, Inc. will post $3.28 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 29th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Wednesday, September 20th. This is a positive change from Total System Services’s previous quarterly dividend of $0.10. Total System Services’s payout ratio is 19.51%.
In other Total System Services news, CFO Paul M. Todd sold 4,057 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $63.50, for a total transaction of $257,619.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP G Sanders Griffith III sold 18,472 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $63.25, for a total value of $1,168,354.00. Following the transaction, the executive vice president now owns 187,684 shares of the company’s stock, valued at approximately $11,871,013. The disclosure for this sale can be found here. Insiders have sold 243,503 shares of company stock valued at $15,490,969 in the last 90 days. Company 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.
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