Amundi Pioneer Asset Management Inc. lifted its holdings in Total System Services, Inc. (NYSE:TSS) by 30.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 554,721 shares of the credit services provider’s stock after buying an additional 129,198 shares during the quarter. Amundi Pioneer Asset Management Inc.’s holdings in Total System Services were worth $43,873,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of TSS. Victory Capital Management Inc. raised its holdings in shares of Total System Services by 10.4% in the third quarter. Victory Capital Management Inc. now owns 33,529 shares of the credit services provider’s stock worth $2,196,000 after buying an additional 3,165 shares during the period. Wedge Capital Management L L P NC purchased a new stake in shares of Total System Services in the third quarter worth approximately $721,000. State Board of Administration of Florida Retirement System raised its holdings in shares of Total System Services by 0.9% in the third quarter. State Board of Administration of Florida Retirement System now owns 241,573 shares of the credit services provider’s stock worth $15,823,000 after buying an additional 2,220 shares during the period. BT Investment Management Ltd purchased a new stake in shares of Total System Services in the third quarter worth approximately $442,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Total System Services by 8.6% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 25,827 shares of the credit services provider’s stock worth $1,692,000 after buying an additional 2,040 shares during the period. Hedge funds and other institutional investors own 75.80% of the company’s stock.
In other news, Director Philip W. Tomlinson sold 234,759 shares of Total System Services stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $88.49, for a total value of $20,773,823.91. Following the transaction, the director now directly owns 331,250 shares in the company, valued at approximately $29,312,312.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard W. Ussery sold 7,546 shares of Total System Services stock in a transaction on Friday, January 26th. The shares were sold at an average price of $88.29, for a total value of $666,236.34. The disclosure for this sale can be found here. Insiders sold a total of 668,040 shares of company stock worth $57,801,110 over the last quarter. Company insiders own 2.60% of the company’s stock.
Total System Services, Inc. (TSS) opened at $90.74 on Friday. Total System Services, Inc. has a fifty-two week low of $50.96 and a fifty-two week high of $90.74. The stock has a market capitalization of $16,490.00, a price-to-earnings ratio of 37.34, a PEG ratio of 1.54 and a beta of 1.11. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.09 and a quick ratio of 1.09.
Total System Services (NYSE:TSS) last announced its quarterly earnings results on Tuesday, January 23rd. The credit services provider reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.03. Total System Services had a return on equity of 26.50% and a net margin of 11.90%. The business had revenue of $870.61 million for the quarter, compared to the consensus estimate of $848.20 million. During the same period last year, the business posted $0.71 EPS. The business’s revenue was up 10.8% compared to the same quarter last year. sell-side analysts anticipate that Total System Services, Inc. will post 3.96 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 22nd will be issued a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.57%. Total System Services’s dividend payout ratio is presently 21.40%.
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Total System Services 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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