Total System Services, Inc. (NYSE:TSS) Shares Sold by Tdam USA Inc.

Tdam USA Inc. reduced its position in shares of Total System Services, Inc. (NYSE:TSS) by 46.4% during the second quarter, Holdings Channel reports. The fund owned 9,128 shares of the credit services provider’s stock after selling 7,901 shares during the period. Tdam USA Inc.’s holdings in Total System Services were worth $532,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of TSS. Advisory Services Network LLC bought a new stake in shares of Total System Services during the first quarter worth approximately $169,000. Doyle Wealth Management bought a new stake in shares of Total System Services during the second quarter worth approximately $205,000. Pacer Advisors Inc. raised its stake in shares of Total System Services by 3.4% in the first quarter. Pacer Advisors Inc. now owns 3,597 shares of the credit services provider’s stock worth $192,000 after buying an additional 119 shares in the last quarter. Oakworth Capital Inc. raised its stake in shares of Total System Services by 4,788.2% in the first quarter. Oakworth Capital Inc. now owns 3,715 shares of the credit services provider’s stock worth $199,000 after buying an additional 3,639 shares in the last quarter. Finally, OLD National Bancorp IN bought a new stake in shares of Total System Services during the first quarter worth approximately $206,000. 75.26% of the stock is owned by hedge funds and other institutional investors.

Total System Services, Inc. (NYSE TSS) opened at 64.25 on Thursday. The company has a 50-day moving average price of $61.02 and a 200 day moving average price of $56.75. Total System Services, Inc. has a 1-year low of $46.22 and a 1-year high of $64.94. The stock has a market cap of $11.83 billion, a P/E ratio of 31.30 and a beta of 1.14.

Total System Services (NYSE:TSS) last issued its quarterly earnings results on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.05. The business had revenue of $844.07 million for the quarter, compared to analysts’ expectations of $842.57 million. Total System Services had a net margin of 8.78% and a return on equity of 25.49%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.74 EPS. Equities analysts expect that Total System Services, Inc. will post $3.28 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 29th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Wednesday, September 20th. This is a boost from Total System Services’s previous quarterly dividend of $0.10. Total System Services’s dividend payout ratio (DPR) is currently 19.51%.

COPYRIGHT VIOLATION NOTICE: This piece was first posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.tickerreport.com/banking-finance/2797423/total-system-services-inc-nysetss-shares-sold-by-tdam-usa-inc.html.

A number of brokerages have commented on TSS. Wedbush reissued an “outperform” rating and set a $72.00 price objective on shares of Total System Services in a report on Wednesday. Cowen and Company reissued an “outperform” rating and set a $67.00 price objective on shares of Total System Services in a report on Wednesday, July 26th. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Total System Services in a report on Thursday, July 27th. Stifel Nicolaus reissued a “buy” rating and set a $69.00 price objective (up from $67.00) on shares of Total System Services in a report on Wednesday, July 26th. Finally, Mizuho began coverage on Total System Services in a report on Tuesday, June 27th. They set a “neutral” rating and a $63.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $63.85.

In other news, Director Richard W. Ussery sold 48,000 shares of Total System Services stock in a transaction on Monday, June 12th. The shares were sold at an average price of $59.19, for a total transaction of $2,841,120.00. Following the transaction, the director now owns 219,968 shares in the company, valued at approximately $13,019,905.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP G Sanders Griffith III sold 18,472 shares of Total System Services stock in a transaction on Friday, July 28th. The stock was sold at an average price of $63.25, for a total transaction of $1,168,354.00. Following the transaction, the executive vice president now owns 187,684 shares in the company, valued at approximately $11,871,013. The disclosure for this sale can be found here. Insiders have sold a total of 287,446 shares of company stock worth $18,074,469 in the last quarter. Corporate insiders own 2.60% of the company’s stock.

Total System Services Company Profile

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.

Want to see what other hedge funds are holding TSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Total System Services, Inc. (NYSE:TSS).

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

Receive News & Ratings for Total System Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Total System Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.