Parametric Portfolio Associates LLC Raises Holdings in Total System Services, Inc. (TSS)

Parametric Portfolio Associates LLC raised its stake in Total System Services, Inc. (NYSE:TSS) by 16.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 204,210 shares of the credit services provider’s stock after purchasing an additional 29,384 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.11% of Total System Services worth $11,895,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Regentatlantic Capital LLC boosted its holdings in Total System Services by 0.4% in the 2nd quarter. Regentatlantic Capital LLC now owns 4,756 shares of the credit services provider’s stock valued at $277,000 after purchasing an additional 19 shares during the period. OLD National Bancorp IN boosted its holdings in Total System Services by 0.6% in the 2nd quarter. OLD National Bancorp IN now owns 3,882 shares of the credit services provider’s stock valued at $226,000 after purchasing an additional 25 shares during the period. Capital Investment Advisors LLC boosted its holdings in Total System Services by 0.3% in the 2nd quarter. Capital Investment Advisors LLC now owns 18,983 shares of the credit services provider’s stock valued at $1,106,000 after purchasing an additional 54 shares during the period. Stratos Wealth Partners LTD. boosted its holdings in Total System Services by 1.4% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 4,445 shares of the credit services provider’s stock valued at $259,000 after purchasing an additional 60 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Total System Services by 0.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,305 shares of the credit services provider’s stock valued at $717,000 after purchasing an additional 64 shares during the period. 76.13% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This article was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another site, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://ledgergazette.com/2017/10/11/parametric-portfolio-associates-llc-raises-holdings-in-total-system-services-inc-tss.html.

TSS has been the subject of a number of research reports. Stifel Nicolaus reissued a “buy” rating and issued a $69.00 price target (up from $67.00) on shares of Total System Services in a report on Wednesday, July 26th. BidaskClub raised shares of Total System Services from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Zacks Investment Research raised shares of Total System Services from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a report on Friday, July 14th. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Total System Services in a report on Thursday, July 27th. Finally, Cowen and Company reissued a “buy” rating and issued a $67.00 price target on shares of Total System Services in a report on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $66.05.

In other Total System Services 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 transaction 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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. Insiders have sold a total of 243,503 shares of company stock valued at $15,490,969 in the last three months. Insiders own 2.60% of the company’s stock.

Shares of Total System Services, Inc. (NYSE:TSS) opened at 67.68 on Wednesday. The firm has a market cap of $12.47 billion, a PE ratio of 32.84 and a beta of 1.12. The firm has a 50-day moving average of $67.34 and a 200 day moving average of $60.93. Total System Services, Inc. has a 52-week low of $46.22 and a 52-week high of $70.62.

Total System Services (NYSE:TSS) last released its earnings results on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.05. The business had revenue of $844.07 million during the quarter, compared to the consensus estimate of $842.57 million. Total System Services had a net margin of 8.78% and a return on equity of 25.49%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last

A number of other institutional investors also recently modified their holdings of the business. Regentatlantic Capital LLC boosted its holdings in Total System Services by 0.4% in the 2nd quarter. Regentatlantic Capital LLC now owns 4,756 shares of the credit services provider’s stock valued at $277,000 after purchasing an additional 19 shares during the period. OLD National Bancorp IN boosted its holdings in Total System Services by 0.6% in the 2nd quarter. OLD National Bancorp IN now owns 3,882 shares of the credit services provider’s stock valued at $226,000 after purchasing an additional 25 shares during the period. Capital Investment Advisors LLC boosted its holdings in Total System Services by 0.3% in the 2nd quarter. Capital Investment Advisors LLC now owns 18,983 shares of the credit services provider’s stock valued at $1,106,000 after purchasing an additional 54 shares during the period. Stratos Wealth Partners LTD. boosted its holdings in Total System Services by 1.4% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 4,445 shares of the credit services provider’s stock valued at $259,000 after purchasing an additional 60 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Total System Services by 0.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,305 shares of the credit services provider’s stock valued at $717,000 after purchasing an additional 64 shares during the period. 76.13% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This article was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another site, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://ledgergazette.com/2017/10/11/parametric-portfolio-associates-llc-raises-holdings-in-total-system-services-inc-tss.html.

TSS has been the subject of a number of research reports. Stifel Nicolaus reissued a “buy” rating and issued a $69.00 price target (up from $67.00) on shares of Total System Services in a report on Wednesday, July 26th. BidaskClub raised shares of Total System Services from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Zacks Investment Research raised shares of Total System Services from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a report on Friday, July 14th. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Total System Services in a report on Thursday, July 27th. Finally, Cowen and Company reissued a “buy” rating and issued a $67.00 price target on shares of Total System Services in a report on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $66.05.

In other Total System Services 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 transaction 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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. Insiders have sold a total of 243,503 shares of company stock valued at $15,490,969 in the last three months. Insiders own 2.60% of the company’s stock.

Shares of Total System Services, Inc. (NYSE:TSS) opened at 67.68 on Wednesday. The firm has a market cap of $12.47 billion, a PE ratio of 32.84 and a beta of 1.12. The firm has a 50-day moving average of $67.34 and a 200 day moving average of $60.93. Total System Services, Inc. has a 52-week low of $46.22 and a 52-week high of $70.62.

Total System Services (NYSE:TSS) last released its earnings results on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.05. The business had revenue of $844.07 million during the quarter, compared to the consensus estimate of $842.57 million. Total System Services had a net margin of 8.78% and a return on equity of 25.49%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.74 EPS. On average, equities analysts predict that Total System Services, Inc. will post $3.28 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 29th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Wednesday, September 20th. This is an increase from Total System Services’s previous quarterly dividend of $0.10. Total System Services’s dividend payout ratio is currently 25.37%.

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.

Institutional Ownership by Quarter for Total System Services (NYSE:TSS)

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