Total System Services, Inc. (TSS) Position Boosted by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. raised its stake in shares of Total System Services, Inc. (NYSE:TSS) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,445 shares of the credit services provider’s stock after buying an additional 60 shares during the period. Stratos Wealth Partners LTD.’s holdings in Total System Services were worth $259,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Korea Investment CORP acquired a new position in shares of Total System Services during the first quarter valued at about $1,155,000. Mn Services Vermogensbeheer B.V. raised its position in shares of Total System Services by 4.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,412 shares of the credit services provider’s stock valued at $221,000 after buying an additional 176 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of Total System Services by 61.5% in the first quarter. Nationwide Fund Advisors now owns 299,165 shares of the credit services provider’s stock valued at $15,993,000 after buying an additional 113,892 shares during the last quarter. Dalton Greiner Hartman Maher & Co. raised its position in shares of Total System Services by 4.1% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 5,681 shares of the credit services provider’s stock valued at $304,000 after buying an additional 222 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in shares of Total System Services during the first quarter valued at about $422,000. Institutional investors own 75.26% of the company’s stock.

Total System Services, Inc. (TSS) opened at 63.43 on Friday. Total System Services, Inc. has a one year low of $46.22 and a one year high of $64.94. The firm’s 50-day moving average price is $61.16 and its 200 day moving average price is $56.79. The firm has a market capitalization of $11.69 billion, a P/E ratio of 30.78 and a beta of 1.14.

Total System Services (NYSE:TSS) last announced its quarterly earnings data on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.05. Total System Services had a return on equity of 25.49% and a net margin of 8.78%. The firm had revenue of $844.07 million for the quarter, compared to analysts’ expectations of $842.57 million. During the same period last year, the firm earned $0.74 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, equities analysts anticipate that Total System Services, Inc. will post $3.28 earnings per share for the current fiscal year.

The business also recently disclosed 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 is a boost from Total System Services’s previous quarterly dividend of $0.10. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Wednesday, September 20th. Total System Services’s dividend payout ratio (DPR) is 19.51%.

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Several brokerages have recently issued reports on TSS. Wedbush reiterated an “outperform” rating and issued a $72.00 price target on shares of Total System Services in a research note on Wednesday. BMO Capital Markets lifted their price target on Total System Services from $62.90 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, July 26th. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Total System Services in a research note on Thursday, July 27th. Stifel Nicolaus reiterated a “buy” rating and issued a $69.00 price target (up previously from $67.00) on shares of Total System Services in a research note on Wednesday, July 26th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $67.00 price target on shares of Total System Services in a research note on Wednesday, July 26th. Seven analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $63.85.

In other news, Director Richard W. Ussery sold 48,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $59.19, for a total transaction of $2,841,120.00. Following the transaction, the director now directly owns 219,968 shares of the company’s stock, valued at $13,019,905.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Philip W. Tomlinson sold 220,974 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $63.65, for a total value of $14,064,995.10. Following the transaction, the director now directly owns 326,200 shares in the company, valued at $20,762,630. The disclosure for this sale can be found here. Insiders have sold 287,446 shares of company stock worth $18,074,469 over the last ninety days. Insiders own 2.60% of the company’s stock.

About Total System Services

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.

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

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