Kalos Management Inc. bought a new position in Total System Services Inc. (NYSE:TSS) during the second quarter, Holdings Channel reports. The firm bought 10,569 shares of the company’s stock, valued at approximately $561,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSS. Wealth Enhancement Advisory Services LLC raised its position in Total System Services by 11.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 27,133 shares of the company’s stock worth $1,441,000 after buying an additional 2,755 shares during the last quarter. Bbva Compass Bancshares Inc. purchased a new position in Total System Services during the second quarter worth about $784,000. Sumitomo Mitsui Trust Holdings Inc. raised its position in Total System Services by 1.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 509,942 shares of the company’s stock worth $27,083,000 after buying an additional 7,621 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in Total System Services during the second quarter worth about $11,126,000. Finally, Chicago Equity Partners LLC raised its position in Total System Services by 266.8% in the second quarter. Chicago Equity Partners LLC now owns 75,620 shares of the company’s stock worth $4,016,000 after buying an additional 55,005 shares during the last quarter. 71.48% of the stock is currently owned by hedge funds and other institutional investors.
Total System Services Inc. (NYSE:TSS) traded down 0.06% during midday trading on Wednesday, reaching $48.28. The company had a trading volume of 541,829 shares. The company’s 50-day moving average is $48.01 and its 200 day moving average is $50.74. The company has a market cap of $8.88 billion, a PE ratio of 24.60 and a beta of 1.18. Total System Services Inc. has a 52-week low of $37.47 and a 52-week high of $56.69.
Total System Services (NYSE:TSS) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. The business earned $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. Total System Services had a return on equity of 23.58% and a net margin of 10.97%. The firm’s revenue was up 66.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.58 earnings per share. On average, equities research analysts forecast that Total System Services Inc. will post $2.81 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Thursday, September 22nd were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, September 20th. This represents a $0.40 dividend on an annualized basis and a yield of 0.83%. Total System Services’s dividend payout ratio is presently 20.30%.
A number of research firms recently issued reports on TSS. Nomura reaffirmed a “buy” rating and set a $58.00 target price on shares of Total System Services in a report on Monday, October 3rd. Citigroup Inc. lowered their target price on Total System Services from $63.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, September 14th. Robert W. Baird raised Total System Services from a “neutral” rating to an “outperform” rating and set a $60.00 target price on the stock in a report on Friday, August 12th. Zacks Investment Research cut Total System Services from a “buy” rating to a “hold” rating in a research note on Friday, July 29th. Finally, Morgan Stanley reissued a “hold” rating and issued a $54.00 price target on shares of Total System Services in a research note on Thursday, July 28th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the stock. Total System Services currently has an average 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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