Royal London Asset Management Ltd. Acquires Shares of 74,509 Total System Services, Inc. (TSS)

Royal London Asset Management Ltd. acquired a new stake in Total System Services, Inc. (NYSE:TSS) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 74,509 shares of the credit services provider’s stock, valued at approximately $6,297,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Lakeview Capital Partners LLC grew its holdings in shares of Total System Services by 5.5% in the 2nd quarter. Lakeview Capital Partners LLC now owns 12,791 shares of the credit services provider’s stock valued at $1,081,000 after acquiring an additional 662 shares in the last quarter. US Bancorp DE grew its holdings in shares of Total System Services by 2.2% in the 2nd quarter. US Bancorp DE now owns 33,162 shares of the credit services provider’s stock valued at $2,803,000 after acquiring an additional 724 shares in the last quarter. Creative Planning grew its holdings in shares of Total System Services by 0.4% in the 2nd quarter. Creative Planning now owns 193,890 shares of the credit services provider’s stock valued at $16,388,000 after acquiring an additional 771 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Total System Services by 15.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 6,046 shares of the credit services provider’s stock valued at $511,000 after acquiring an additional 810 shares in the last quarter. Finally, GHP Investment Advisors Inc. grew its holdings in shares of Total System Services by 5.1% in the 2nd quarter. GHP Investment Advisors Inc. now owns 18,210 shares of the credit services provider’s stock valued at $1,539,000 after acquiring an additional 886 shares in the last quarter. Institutional investors own 76.49% of the company’s stock.

Total System Services stock opened at $98.08 on Thursday. Total System Services, Inc. has a 52 week low of $64.56 and a 52 week high of $100.39. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.55 and a quick ratio of 2.55. The stock has a market cap of $17.91 billion, a P/E ratio of 30.46, a price-to-earnings-growth ratio of 1.60 and a beta of 1.18.

Total System Services (NYSE:TSS) last issued its quarterly earnings data on Tuesday, July 24th. The credit services provider reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.04. The firm had revenue of $956.55 million during the quarter, compared to the consensus estimate of $936.79 million. Total System Services had a net margin of 14.39% and a return on equity of 29.26%. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the business posted $0.85 earnings per share. sell-side analysts predict that Total System Services, Inc. will post 4.2 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Thursday, September 20th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, September 19th. This represents a $0.52 annualized dividend and a yield of 0.53%. Total System Services’s dividend payout ratio (DPR) is presently 16.15%.

Several equities analysts have recently weighed in on TSS shares. Oppenheimer upgraded Total System Services from a “market perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a report on Thursday, September 6th. Morgan Stanley raised their price objective on Total System Services from $92.00 to $94.00 and gave the company an “equal weight” rating in a report on Wednesday, July 25th. Royal Bank of Canada reiterated a “buy” rating and set a $105.00 price target on shares of Total System Services in a report on Wednesday, July 25th. Wells Fargo & Co reiterated an “outperform” rating and set a $100.00 price target (up previously from $95.00) on shares of Total System Services in a report on Wednesday, July 25th. Finally, UBS Group upgraded Total System Services from a “market perform” rating to an “outperform” rating in a report on Thursday, September 6th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $92.95.

In other Total System Services news, EVP Patricia A. Watson sold 15,332 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $93.30, for a total transaction of $1,430,475.60. Following the completion of the sale, the executive vice president now directly owns 30,743 shares in the company, valued at $2,868,321.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dorenda K. Weaver sold 5,009 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $99.00, for a total transaction of $495,891.00. Following the sale, the executive vice president now owns 44,358 shares of the company’s stock, valued at $4,391,442. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.

Total System Services 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: Merchant Solutions, Issuer Solutions, and Netspend. 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.

Read More: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

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

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