We Are One Seven LLC Invests $293,000 in TSYS (TSS) Stock

We Are One Seven LLC purchased a new position in TSYS (NYSE:TSS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,705 shares of the credit services provider’s stock, valued at approximately $293,000.

Other institutional investors have also bought and sold shares of the company. Acadian Asset Management LLC acquired a new position in TSYS in the fourth quarter worth approximately $109,000. Tower Research Capital LLC TRC grew its position in TSYS by 463.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,295 shares of the credit services provider’s stock worth $181,000 after buying an additional 1,888 shares during the last quarter. Two Sigma Securities LLC acquired a new position in TSYS in the fourth quarter worth approximately $203,000. Cahaba Wealth Management Inc. acquired a new position in TSYS in the fourth quarter worth approximately $208,000. Finally, IBM Retirement Fund acquired a new position in TSYS in the fourth quarter worth approximately $212,000. Hedge funds and other institutional investors own 76.51% of the company’s stock.

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Shares of TSS stock opened at $85.38 on Friday. The stock has a market cap of $15,850.11, a price-to-earnings ratio of 27.09, a price-to-earnings-growth ratio of 1.51 and a beta of 1.11. TSYS has a 52 week low of $50.96 and a 52 week high of $90.74. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.09 and a current ratio of 1.09.

TSYS (NYSE:TSS) last issued its earnings results on Tuesday, January 23rd. The credit services provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. The company had revenue of $870.61 million during the quarter, compared to analyst estimates of $848.20 million. TSYS had a net margin of 11.90% and a return on equity of 26.50%. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter last year, the business posted $0.71 EPS. equities research analysts expect that TSYS will post 3.96 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 22nd will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date is Wednesday, March 21st. TSYS’s dividend payout ratio (DPR) is currently 16.46%.

In related news, Director Philip W. Tomlinson sold 234,759 shares of TSYS stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $88.49, for a total value of $20,773,823.91. Following the completion of the sale, the director now owns 331,250 shares of the company’s stock, valued at approximately $29,312,312.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard W. Ussery sold 7,546 shares of TSYS stock in a transaction on Friday, January 26th. The shares were sold at an average price of $88.29, for a total transaction of $666,236.34. The disclosure for this sale can be found here. Insiders have sold a total of 692,200 shares of company stock valued at $59,978,168 in the last three months. Company insiders own 2.60% of the company’s stock.

A number of equities analysts recently commented on TSS shares. Stephens reaffirmed a “buy” rating and issued a $88.00 price objective on shares of TSYS in a research note on Wednesday, January 10th. BMO Capital Markets set a $102.00 price objective on shares of TSYS and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Mizuho reaffirmed a “hold” rating and issued a $85.00 price objective on shares of TSYS in a research note on Thursday, January 4th. Wedbush reaffirmed an “outperform” rating and issued a $100.00 price objective (up previously from $85.00) on shares of TSYS in a research note on Wednesday, January 24th. Finally, Zacks Investment Research raised shares of TSYS from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research note on Monday, January 22nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $82.08.

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TSYS Profile

Total System Services, Inc provides payment processing, merchant, and related payment services to financial and nonfinancial institutions worldwide. The company operates through three segments: Merchant Solutions, Issuer Solutions, and Netspend. It offers general purpose reloadable prepaid and payroll cards, demand deposit accounts, and other financial service solutions to the underbanked and other consumers and businesses.

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Institutional Ownership by Quarter for TSYS (NYSE:TSS)

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