Americafirst Capital Management LLC bought a new position in shares of Total System Services, Inc. (NYSE:TSS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,605 shares of the credit services provider’s stock, valued at approximately $501,000.
Several other hedge funds have also recently bought and sold shares of TSS. Bronfman E.L. Rothschild L.P. grew its stake in shares of Total System Services by 13.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,959 shares of the credit services provider’s stock worth $114,000 after buying an additional 228 shares during the last quarter. Acrospire Investment Management LLC grew its stake in shares of Total System Services by 122.2% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,000 shares of the credit services provider’s stock worth $117,000 after buying an additional 1,100 shares during the last quarter. TLP Group LLC purchased a new stake in shares of Total System Services in the 2nd quarter worth approximately $122,000. Pacer Advisors Inc. grew its stake in shares of Total System Services by 3.4% in the 1st 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 during the last quarter. Finally, Doyle Wealth Management purchased a new stake in shares of Total System Services in the 2nd quarter worth approximately $205,000. Hedge funds and other institutional investors own 76.13% of the company’s stock.
Shares of Total System Services, Inc. (NYSE TSS) traded down 0.21% on Friday, hitting $67.67. The stock had a trading volume of 88,293 shares. The firm’s 50-day moving average price is $67.39 and its 200 day moving average price is $61.02. The firm has a market cap of $12.47 billion, a P/E ratio of 32.83 and a beta of 1.12. Total System Services, Inc. has a 12 month low of $46.88 and a 12 month high of $70.62.
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 consensus estimate of $0.80 by $0.05. Total System Services had a net margin of 8.78% and a return on equity of 25.49%. The company had revenue of $844.07 million during the quarter, compared to analysts’ expectations of $842.57 million. During the same quarter in the prior year, the company earned $0.74 EPS. Total System Services’s revenue was up 6.2% compared to the same quarter last year. Analysts anticipate that Total System Services, Inc. will post $3.28 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 29th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was 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 is currently 25.37%.
Several analysts recently weighed in on TSS shares. Zacks Investment Research downgraded Total System Services from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Northcoast Research assumed coverage on Total System Services in a research note on Friday, June 30th. They set a “neutral” rating on the stock. Wells Fargo & Company increased their target price on Total System Services from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, September 27th. Barclays PLC increased their target price on Total System Services from $72.00 to $78.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Wedbush reiterated an “outperform” rating and set a $72.00 target price on shares of Total System Services in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Total System Services presently has a consensus rating of “Buy” and an average target price of $66.43.
In other news, EVP G Sanders Griffith III sold 18,472 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 187,684 shares of the company’s stock, valued at approximately $11,871,013. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Paul M. Todd sold 4,057 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $63.50, for a total transaction of $257,619.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 243,503 shares of company stock valued at $15,490,969. 2.60% of the stock is owned by corporate insiders.
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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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