Zurich Insurance Group Ltd FI Purchases New Stake in Total System Services, Inc. (TSS)

Zurich Insurance Group Ltd FI purchased a new position in shares of Total System Services, Inc. (NYSE:TSS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 14,722 shares of the credit services provider’s stock, valued at approximately $858,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. raised its position in shares of Total System Services by 13.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,959 shares of the credit services provider’s stock worth $114,000 after purchasing an additional 228 shares during the period. Acrospire Investment Management LLC raised its position in shares of Total System Services by 122.2% during the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the credit services provider’s stock worth $117,000 after purchasing an additional 1,100 shares during the period. TLP Group LLC acquired a new stake in shares of Total System Services during the second quarter worth about $122,000. Pacer Advisors Inc. raised its position in shares of Total System Services by 3.4% during the first quarter. Pacer Advisors Inc. now owns 3,597 shares of the credit services provider’s stock worth $192,000 after purchasing an additional 119 shares during the period. Finally, Doyle Wealth Management acquired a new stake in shares of Total System Services during the second quarter worth about $205,000. 76.13% of the stock is currently owned by institutional investors.

In related news, CFO Paul M. Todd sold 4,057 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $63.50, for a total transaction of $257,619.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $1,168,354.00. Following the sale, the executive vice president now directly owns 187,684 shares of the company’s stock, valued at $11,871,013. The disclosure for this sale can be found here. Over the last three months, insiders sold 243,503 shares of company stock valued at $15,490,969. Company insiders own 2.60% of the company’s stock.

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Total System Services, Inc. (NYSE TSS) opened at 67.68 on Wednesday. Total System Services, Inc. has a 1-year low of $46.22 and a 1-year high of $70.62. The company has a market capitalization of $12.47 billion, a P/E ratio of 32.84 and a beta of 1.12. The firm has a 50-day moving average price of $67.34 and a 200-day moving average price of $60.93.

Total System Services (NYSE:TSS) last issued its quarterly earnings data on Tuesday, July 25th. The credit services provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.80 by $0.05. The firm had revenue of $844.07 million during the quarter, compared to the consensus estimate 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 prior year, the business posted $0.74 earnings per share. On average, analysts forecast that Total System Services, Inc. will post $3.28 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 29th were paid a $0.13 dividend. 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. This represents a $0.52 annualized dividend and a dividend yield of 0.77%. Total System Services’s dividend payout ratio is 25.37%.

A number of equities research analysts have recently commented on the company. Mizuho assumed coverage on Total System Services in a research report on Tuesday, June 27th. They set a “neutral” rating and a $63.00 price target on the stock. Wedbush assumed coverage on Total System Services in a research report on Thursday, August 3rd. They set an “outperform” rating and a $72.00 price target on the stock. Stifel Nicolaus lowered Total System Services from a “buy” rating to a “hold” rating and set a $69.00 price target on the stock. in a research report on Tuesday, September 19th. Zacks Investment Research raised Total System Services from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research report on Tuesday, September 19th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $67.00 price target on shares of Total System Services in a research report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. raised its position in shares of Total System Services by 13.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,959 shares of the credit services provider’s stock worth $114,000 after purchasing an additional 228 shares during the period. Acrospire Investment Management LLC raised its position in shares of Total System Services by 122.2% during the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the credit services provider’s stock worth $117,000 after purchasing an additional 1,100 shares during the period. TLP Group LLC acquired a new stake in shares of Total System Services during the second quarter worth about $122,000. Pacer Advisors Inc. raised its position in shares of Total System Services by 3.4% during the first quarter. Pacer Advisors Inc. now owns 3,597 shares of the credit services provider’s stock worth $192,000 after purchasing an additional 119 shares during the period. Finally, Doyle Wealth Management acquired a new stake in shares of Total System Services during the second quarter worth about $205,000. 76.13% of the stock is currently owned by institutional investors.

In related news, CFO Paul M. Todd sold 4,057 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $63.50, for a total transaction of $257,619.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $1,168,354.00. Following the sale, the executive vice president now directly owns 187,684 shares of the company’s stock, valued at $11,871,013. The disclosure for this sale can be found here. Over the last three months, insiders sold 243,503 shares of company stock valued at $15,490,969. Company insiders own 2.60% of the company’s stock.

WARNING: This piece of content was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of international trademark and copyright laws. The legal version of this piece of content can be accessed at https://ledgergazette.com/2017/10/11/zurich-insurance-group-ltd-fi-purchases-new-stake-in-total-system-services-inc-tss.html.

Total System Services, Inc. (NYSE TSS) opened at 67.68 on Wednesday. Total System Services, Inc. has a 1-year low of $46.22 and a 1-year high of $70.62. The company has a market capitalization of $12.47 billion, a P/E ratio of 32.84 and a beta of 1.12. The firm has a 50-day moving average price of $67.34 and a 200-day moving average price of $60.93.

Total System Services (NYSE:TSS) last issued its quarterly earnings data on Tuesday, July 25th. The credit services provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.80 by $0.05. The firm had revenue of $844.07 million during the quarter, compared to the consensus estimate 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 prior year, the business posted $0.74 earnings per share. On average, analysts forecast that Total System Services, Inc. will post $3.28 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 29th were paid a $0.13 dividend. 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. This represents a $0.52 annualized dividend and a dividend yield of 0.77%. Total System Services’s dividend payout ratio is 25.37%.

A number of equities research analysts have recently commented on the company. Mizuho assumed coverage on Total System Services in a research report on Tuesday, June 27th. They set a “neutral” rating and a $63.00 price target on the stock. Wedbush assumed coverage on Total System Services in a research report on Thursday, August 3rd. They set an “outperform” rating and a $72.00 price target on the stock. Stifel Nicolaus lowered Total System Services from a “buy” rating to a “hold” rating and set a $69.00 price target on the stock. in a research report on Tuesday, September 19th. Zacks Investment Research raised Total System Services from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research report on Tuesday, September 19th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $67.00 price target on shares of Total System Services in a research report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Total System Services currently has a consensus rating of “Buy” and a consensus price target of $66.05.

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

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