Principal Financial Group Inc. raised its holdings in Total System Services, Inc. (NYSE:TSS) by 2.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 472,894 shares of the credit services provider’s stock after purchasing an additional 12,752 shares during the quarter. Principal Financial Group Inc. owned about 0.26% of Total System Services worth $27,546,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Altavista Wealth Management Inc. acquired a new position in Total System Services in the first quarter valued at $290,000. Aviva PLC increased its stake in Total System Services by 10.6% in the second quarter. Aviva PLC now owns 106,880 shares of the credit services provider’s stock valued at $6,227,000 after purchasing an additional 10,240 shares during the period. Rothschild Asset Management Inc. acquired a new position in shares of Total System Services during the first quarter worth about $390,000. KCG Holdings Inc. increased its stake in shares of Total System Services by 7.3% during the first quarter. KCG Holdings Inc. now owns 10,576 shares of the credit services provider’s stock worth $565,000 after acquiring an additional 723 shares during the period. Finally, Tudor Investment Corp ET AL increased its stake in shares of Total System Services by 5.8% during the first quarter. Tudor Investment Corp ET AL now owns 529,019 shares of the credit services provider’s stock worth $28,281,000 after acquiring an additional 28,923 shares during the period. Institutional investors own 76.14% of the company’s stock.
A number of brokerages have recently issued reports on TSS. Cowen and Company reiterated a “buy” rating and set a $67.00 price target on shares of Total System Services in a research note on Thursday, September 7th. Bank of America Corporation began coverage on shares of Total System Services in a research note on Tuesday, September 12th. They set an “underperform” rating and a $64.00 price target on the stock. KeyCorp reissued an “overweight” rating on shares of Total System Services in a report on Thursday, August 31st. Zacks Investment Research raised shares of Total System Services from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a report on Wednesday, August 30th. Finally, Royal Bank Of Canada initiated coverage on shares of Total System Services in a report on Monday, August 28th. They set an “outperform” rating and a $75.00 price objective on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $65.25.
In other news, EVP G Sanders Griffith III sold 18,472 shares of the company’s stock in a transaction dated Friday, July 28th. The stock was 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 directly owns 187,684 shares of the company’s stock, valued at approximately $11,871,013. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Paul M. Todd sold 4,057 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $63.50, for a total value of $257,619.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 243,503 shares of company stock valued at $15,490,969. 2.60% of the stock is currently owned by company insiders.
Total System Services, Inc. (NYSE TSS) opened at 66.70 on Friday. The firm’s 50-day moving average is $66.18 and its 200-day moving average is $59.28. The company has a market capitalization of $12.29 billion, a P/E ratio of 32.36 and a beta of 1.13. Total System Services, Inc. has a 1-year low of $46.22 and a 1-year 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 for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.05. The firm had revenue of $844.07 million during the quarter, compared to analysts’ expectations of $842.57 million. Total System Services had a return on equity of 25.49% and a net margin of 8.78%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.74 EPS. Equities research analysts predict that Total System Services, Inc. will post $3.28 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 29th will be paid a $0.13 dividend. The ex-dividend date is Wednesday, September 20th. This is a boost from Total System Services’s previous quarterly dividend of $0.10. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.78%. Total System Services’s dividend payout ratio is 19.51%.
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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