Teachers Advisors LLC grew its stake in TSYS (NYSE:TSS) by 30.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 300,256 shares of the credit services provider’s stock after acquiring an additional 70,545 shares during the period. Teachers Advisors LLC’s holdings in TSYS were worth $23,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of TSS. Sei Investments Co. raised its position in shares of TSYS by 4.9% in the third quarter. Sei Investments Co. now owns 18,293 shares of the credit services provider’s stock valued at $1,198,000 after purchasing an additional 852 shares during the period. Russell Investments Group Ltd. grew its stake in shares of TSYS by 34.5% in the third quarter. Russell Investments Group Ltd. now owns 17,885 shares of the credit services provider’s stock valued at $1,171,000 after acquiring an additional 4,585 shares in the last quarter. Commonwealth Equity Services Inc acquired a new position in shares of TSYS in the third quarter valued at about $263,000. ING Groep NV grew its stake in shares of TSYS by 41.1% in the third quarter. ING Groep NV now owns 18,203 shares of the credit services provider’s stock valued at $1,192,000 after acquiring an additional 5,298 shares in the last quarter. Finally, Norinchukin Bank The grew its stake in shares of TSYS by 8.6% in the third quarter. Norinchukin Bank The now owns 12,478 shares of the credit services provider’s stock valued at $817,000 after acquiring an additional 984 shares in the last quarter. 76.51% of the stock is currently owned by institutional investors.
In other news, Director Richard W. Ussery sold 7,546 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $88.29, for a total value of $666,236.34. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Philip W. Tomlinson sold 234,759 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $88.49, for a total transaction of $20,773,823.91. Following the completion of the sale, the director now owns 331,250 shares in the company, valued at $29,312,312.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 692,200 shares of company stock worth $59,978,168. 2.60% of the stock is currently owned by corporate insiders.
TSYS (NYSE:TSS) last posted its quarterly earnings results on Tuesday, January 23rd. The credit services provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. TSYS had a net margin of 11.90% and a return on equity of 26.50%. The company 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 company posted $0.71 EPS. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. equities analysts predict that TSYS will post 3.96 EPS 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 paid a $0.13 dividend. The ex-dividend date is Wednesday, March 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.61%. TSYS’s payout ratio is currently 16.46%.
Several equities analysts recently commented on the stock. Royal Bank of Canada restated a “buy” rating and issued a $90.00 price target on shares of TSYS in a research note on Thursday, January 4th. Nomura upped their price target on shares of TSYS from $87.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Robert W. Baird upped their price target on shares of TSYS from $90.00 to $94.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Barclays upped their price target on shares of TSYS from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Tuesday, February 6th. Finally, KeyCorp restated a “buy” rating and issued a $92.00 price target (up from $85.00) on shares of TSYS in a research note on Wednesday, January 24th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. TSYS presently has an average rating of “Buy” and a consensus price target of $82.08.
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TSYS Company 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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