Capital Fund Management S.A. increased its position in shares of Total System Services Inc. (NYSE:TSS) by 22.1% during the second quarter, Holdings Channel reports. The firm owned 458,717 shares of the company’s stock after buying an additional 83,088 shares during the period. Capital Fund Management S.A.’s holdings in Total System Services were worth $24,362,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Total System Services during the fourth quarter worth approximately $83,595,000. Credit Agricole S A boosted its stake in Total System Services by 1,207.8% in the first quarter. Credit Agricole S A now owns 430,241 shares of the company’s stock valued at $20,471,000 after buying an additional 397,343 shares during the period. Eagle Asset Management Inc. acquired a new stake in Total System Services during the second quarter valued at about $18,952,000. Integre Asset Management LLC acquired a new stake in Total System Services during the first quarter valued at about $8,243,000. Finally, Nuveen Asset Management LLC boosted its stake in Total System Services by 433.2% in the first quarter. Nuveen Asset Management LLC now owns 173,961 shares of the company’s stock valued at $8,277,000 after buying an additional 141,337 shares during the period. Hedge funds and other institutional investors own 71.50% of the company’s stock.
Total System Services Inc. (NYSE:TSS) traded up 0.62% during trading on Tuesday, reaching $47.39. The company had a trading volume of 955,826 shares. The firm has a 50-day moving average price of $48.45 and a 200 day moving average price of $50.60. Total System Services Inc. has a 12-month low of $37.47 and a 12-month high of $56.69. The stock has a market cap of $8.71 billion, a P/E ratio of 24.14 and a beta of 1.15.
Total System Services (NYSE:TSS) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.72 by $0.02. Total System Services had a net margin of 10.97% and a return on equity of 23.58%. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the company posted $0.58 EPS. Total System Services’s revenue was up 66.2% on a year-over-year basis. Equities research analysts predict that Total System Services Inc. will post $2.81 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 22nd will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Tuesday, September 20th. Total System Services’s dividend payout ratio is currently 20.30%.
TSS has been the topic of several analyst reports. Citigroup Inc. raised their price objective on Total System Services from $61.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, June 13th. Barclays PLC restated a “buy” rating on shares of Total System Services in a report on Saturday, July 9th. Credit Suisse Group AG set a $58.00 price objective on Total System Services and gave the stock a “hold” rating in a report on Wednesday, July 27th. First Analysis upgraded Total System Services from an “equal weight” rating to an “overweight” rating and set a $62.00 price objective on the stock in a report on Thursday, July 28th. Finally, Jefferies Group restated a “hold” rating and set a $55.00 price objective (up previously from $50.00) on shares of Total System Services in a report on Thursday, July 28th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company’s stock. Total System Services has a consensus rating of “Hold” and a consensus target price of $52.67.
About Total System Services
Total System Services, Inc (TSYS) is a payment solutions provider that provides services to financial and nonfinancial institutions. The Company’s segments include North America Services, Merchant Services, NetSpend and International Services. The Company also provides processing services, acquiring solutions, related systems and integrated support services to merchant acquirers and merchants.
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