Short Interest in Total System Services, Inc. (TSS) Declines By 37.3%

Total System Services, Inc. (NYSE:TSS) was the target of a large decline in short interest during the month of September. As of September 29th, there was short interest totalling 994,011 shares, a decline of 37.3% from the September 15th total of 1,584,302 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 2,111,344 shares, the days-to-cover ratio is presently 0.5 days.

In other news, EVP G Sanders Griffith III sold 18,472 shares of Total System Services stock in a transaction 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 directly owns 187,684 shares of the company’s stock, valued at approximately $11,871,013. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Paul M. Todd sold 4,057 shares of Total System Services stock in a transaction on Monday, August 14th. The shares were sold at an average price of $63.50, for a total transaction of $257,619.50. 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 in the last 90 days. Insiders own 2.60% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Regentatlantic Capital LLC lifted its holdings in shares of Total System Services by 0.4% during the 2nd 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 lifted its holdings in shares of Total System Services by 0.6% during the 2nd 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 last quarter. Sentry Investment Management LLC lifted its holdings in shares of Total System Services by 0.4% during the 2nd quarter. Sentry Investment Management LLC now owns 11,216 shares of the credit services provider’s stock valued at $653,000 after buying an additional 44 shares during the last quarter. Capital Investment Advisors LLC lifted its holdings in shares of Total System Services by 0.3% during the 2nd 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 last quarter. Finally, Stratos Wealth Partners LTD. lifted its holdings in shares of Total System Services by 1.4% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 4,445 shares of the credit services provider’s stock valued at $259,000 after buying an additional 60 shares during the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Total System Services (NYSE TSS) opened at 67.88 on Monday. The stock’s 50 day moving average is $67.38 and its 200-day moving average is $61.65. The firm has a market cap of $12.51 billion, a P/E ratio of 32.94 and a beta of 1.12. Total System Services has a 1-year low of $46.92 and a 1-year high of $70.62.

Total System Services (NYSE:TSS) last announced its quarterly earnings data on Tuesday, July 25th. The credit services provider reported $0.85 EPS for the quarter, topping the Zacks’ 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 analyst estimates of $842.57 million. During the same period last year, the company posted $0.74 EPS. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. Analysts forecast that Total System Services will post $3.28 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 29th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, September 20th. This is a positive change from Total System Services’s previous quarterly dividend of $0.10. This represents a $0.52 dividend on an annualized basis and a yield of 0.77%. Total System Services’s dividend payout ratio (DPR) is presently 25.37%.

A number of brokerages have recently commented on TSS. Robert W. Baird reaffirmed a “buy” rating and issued a $76.00 target price on shares of Total System Services in a report on Thursday, October 12th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $59.00 target price on shares of Total System Services in a report on Thursday, October 12th. Barclays PLC boosted their price objective on shares of Total System Services from $72.00 to $78.00 and gave the company an “overweight” rating in a research note on Wednesday, October 11th. Royal Bank Of Canada reissued a “buy” rating and issued a $75.00 price objective on shares of Total System Services in a research note on Friday, September 29th. Finally, Wells Fargo & Company boosted their price objective on shares of Total System Services from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $66.43.

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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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