Profund Advisors LLC cut its holdings in Total System Services, Inc. (NYSE:TSS) by 0.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,094 shares of the credit services provider’s stock after selling 18 shares during the period. Profund Advisors LLC’s holdings in Total System Services were worth $238,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Bronfman E.L. Rothschild L.P. grew its stake in shares of Total System Services by 13.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,959 shares of the credit services provider’s stock valued at $114,000 after buying an additional 228 shares in the last quarter. Pacer Advisors Inc. grew 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 valued at $192,000 after buying an additional 119 shares in the last quarter. Doyle Wealth Management bought a new position in shares of Total System Services in the second quarter valued at $205,000. Texas Yale Capital Corp. bought a new position in shares of Total System Services in the second quarter valued at $205,000. Finally, Palisades Hudson Asset Management L.P. bought a new position in shares of Total System Services in the second quarter valued at $208,000. Institutional investors own 76.13% of the company’s stock.
In other news, CFO Paul M. Todd sold 4,057 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $63.50, for a total transaction of $257,619.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP G Sanders Griffith III sold 18,472 shares of the firm’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $63.25, for a total value of $1,168,354.00. Following the sale, the executive vice president now directly owns 187,684 shares of the company’s stock, valued at $11,871,013. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 243,503 shares of company stock valued at $15,490,969. Insiders own 2.60% of the company’s stock.
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TSS has been the subject of several analyst reports. Zacks Investment Research cut shares of Total System Services from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Northcoast Research initiated coverage on shares of Total System Services in a research note on Friday, June 30th. They issued a “neutral” rating for the company. BMO Capital Markets reissued an “outperform” rating and issued a $67.00 target price (up from $64.00) on shares of Total System Services in a research note on Thursday, June 22nd. Cowen and Company reissued a “buy” rating and issued a $67.00 target price on shares of Total System Services in a research note on Thursday, September 7th. Finally, KeyCorp reissued an “overweight” rating on shares of Total System Services in a research note on Thursday, August 31st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $66.43.
Total System Services (NYSE:TSS) last announced its earnings results on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, beating the 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 during the quarter, compared to analyst estimates of $842.57 million. During the same period last year, the firm posted $0.74 EPS. The business’s revenue was up 6.2% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 29th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, September 20th. This is a positive change from Total System Services’s previous quarterly dividend of $0.10. This represents a $0.52 annualized dividend and a dividend yield of 0.77%. Total System Services’s dividend payout ratio (DPR) is currently 25.37%.
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.
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