Advisory Services Network LLC increased its position in Total System Services Inc. (NYSE:TSS) by 257.0% during the second quarter, Holdings Channel reports. The firm owned 7,965 shares of the company’s stock after buying an additional 5,734 shares during the period. Advisory Services Network LLC’s holdings in Total System Services were worth $423,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Aperio Group LLC boosted its position in Total System Services by 16.3% in the first quarter. Aperio Group LLC now owns 36,974 shares of the company’s stock worth $1,759,000 after buying an additional 5,191 shares during the period. FDO Partners LLC acquired a new position in shares of Total System Services during the first quarter worth about $336,000. BlackRock Institutional Trust Company N.A. raised its position in shares of Total System Services by 0.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,534,008 shares of the company’s stock worth $215,728,000 after buying an additional 29,043 shares during the period. C M Bidwell & Associates Ltd. acquired a new position in shares of Total System Services during the first quarter worth about $3,873,000. Finally, ING Groep NV acquired a new position in shares of Total System Services during the first quarter worth about $448,000. 71.50% of the stock is owned by hedge funds and other institutional investors.
Shares of Total System Services Inc. (NYSE:TSS) traded down 1.50% during trading on Friday, reaching $47.29. The company’s stock had a trading volume of 1,908,674 shares. Total System Services Inc. has a one year low of $37.47 and a one year high of $56.69. The firm has a market cap of $8.69 billion, a P/E ratio of 24.09 and a beta of 1.18. The stock’s 50 day moving average is $48.25 and its 200 day moving average is $50.68.
Total System Services (NYSE:TSS) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.02. Total System Services had a return on equity of 23.58% and a net margin of 10.97%. The firm earned $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the company posted $0.58 earnings per share. The business’s revenue was up 66.2% on a year-over-year basis. On average, equities analysts forecast that Total System Services Inc. will post $2.81 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Thursday, September 22nd were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, September 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.85%. Total System Services’s dividend payout ratio is presently 20.30%.
A number of research analysts recently issued reports on TSS shares. Barclays PLC reiterated a “buy” rating on shares of Total System Services in a report on Saturday, July 9th. Citigroup Inc. raised their price objective on shares of Total System Services from $61.00 to $63.00 and gave the company a “buy” rating in a report on Monday, June 13th. Nomura reiterated a “buy” rating and issued a $58.00 price objective on shares of Total System Services in a report on Monday. Credit Suisse Group AG set a $58.00 price objective on shares of Total System Services and gave the company a “hold” rating in a report on Wednesday, July 27th. Finally, Zacks Investment Research lowered shares of Total System Services from a “buy” rating to a “hold” rating in a report on Friday, July 29th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $52.78.
Total System Services Company Profile
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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