Balyasny Asset Management LLC Has $970,000 Position in Total System Services, Inc. (TSS)

Balyasny Asset Management LLC trimmed its position in shares of Total System Services, Inc. (NYSE:TSS) by 92.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,649 shares of the credit services provider’s stock after selling 192,841 shares during the period. Balyasny Asset Management LLC’s holdings in Total System Services were worth $970,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. grew its holdings in Total System Services by 13.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,959 shares of the credit services provider’s stock valued at $114,000 after purchasing an additional 228 shares during the last quarter. Acrospire Investment Management LLC grew its holdings in Total System Services by 122.2% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,000 shares of the credit services provider’s stock valued at $117,000 after purchasing an additional 1,100 shares during the last quarter. TLP Group LLC bought a new position in Total System Services during the 2nd quarter valued at about $122,000. Texas Yale Capital Corp. bought a new position in Total System Services during the 2nd quarter valued at about $205,000. Finally, Doyle Wealth Management bought a new position in Total System Services during the 2nd quarter valued at about $205,000. Institutional investors own 76.12% of the company’s stock.

Several research firms have issued reports on TSS. Robert W. Baird reissued a “buy” rating and issued a $76.00 price objective on shares of Total System Services in a research report on Thursday. Jefferies Group LLC reissued a “hold” rating and issued a $59.00 price objective on shares of Total System Services in a research report on Thursday. Barclays PLC boosted their price objective on shares of Total System Services from $72.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday, October 11th. Royal Bank Of Canada reissued a “buy” rating and issued a $75.00 price objective on shares of Total System Services in a research report on Friday, September 29th. Finally, Wells Fargo & Company boosted their price objective on shares of Total System Services from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $66.43.

Shares of Total System Services, Inc. (NYSE:TSS) opened at 67.68 on Monday. The stock has a market cap of $12.47 billion, a PE ratio of 32.84 and a beta of 1.12. Total System Services, Inc. has a 52-week low of $46.88 and a 52-week high of $70.62. The company’s 50-day moving average is $67.45 and its 200-day moving average is $61.26.

Total System Services (NYSE:TSS) last issued its quarterly earnings results on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.05. Total System Services had a net margin of 8.78% and a return on equity of 25.49%. The company had revenue of $844.07 million during the quarter, compared to the consensus estimate of $842.57 million. During the same quarter in the previous year, the firm earned $0.74 earnings per share. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. Equities analysts anticipate that Total System Services, Inc. will post $3.28 EPS for the current year.

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

In related news, EVP G Sanders Griffith III sold 18,472 shares of Total System Services 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 completion of the transaction, the executive vice president now owns 187,684 shares in the company, valued at $11,871,013. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Paul M. Todd sold 4,057 shares of Total System Services 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 disclosure for this sale can be found here. Insiders sold 243,503 shares of company stock valued at $15,490,969 in the last quarter. 2.60% of the stock is owned by insiders.

ILLEGAL ACTIVITY WARNING: “Balyasny Asset Management LLC Has $970,000 Position in Total System Services, Inc. (TSS)” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of U.S. and international trademark and copyright law. The or

Other large investors have also recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. grew its holdings in Total System Services by 13.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,959 shares of the credit services provider’s stock valued at $114,000 after purchasing an additional 228 shares during the last quarter. Acrospire Investment Management LLC grew its holdings in Total System Services by 122.2% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,000 shares of the credit services provider’s stock valued at $117,000 after purchasing an additional 1,100 shares during the last quarter. TLP Group LLC bought a new position in Total System Services during the 2nd quarter valued at about $122,000. Texas Yale Capital Corp. bought a new position in Total System Services during the 2nd quarter valued at about $205,000. Finally, Doyle Wealth Management bought a new position in Total System Services during the 2nd quarter valued at about $205,000. Institutional investors own 76.12% of the company’s stock.

Several research firms have issued reports on TSS. Robert W. Baird reissued a “buy” rating and issued a $76.00 price objective on shares of Total System Services in a research report on Thursday. Jefferies Group LLC reissued a “hold” rating and issued a $59.00 price objective on shares of Total System Services in a research report on Thursday. Barclays PLC boosted their price objective on shares of Total System Services from $72.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday, October 11th. Royal Bank Of Canada reissued a “buy” rating and issued a $75.00 price objective on shares of Total System Services in a research report on Friday, September 29th. Finally, Wells Fargo & Company boosted their price objective on shares of Total System Services from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $66.43.

Shares of Total System Services, Inc. (NYSE:TSS) opened at 67.68 on Monday. The stock has a market cap of $12.47 billion, a PE ratio of 32.84 and a beta of 1.12. Total System Services, Inc. has a 52-week low of $46.88 and a 52-week high of $70.62. The company’s 50-day moving average is $67.45 and its 200-day moving average is $61.26.

Total System Services (NYSE:TSS) last issued its quarterly earnings results on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.05. Total System Services had a net margin of 8.78% and a return on equity of 25.49%. The company had revenue of $844.07 million during the quarter, compared to the consensus estimate of $842.57 million. During the same quarter in the previous year, the firm earned $0.74 earnings per share. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. Equities analysts anticipate that Total System Services, Inc. will post $3.28 EPS for the current year.

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

In related news, EVP G Sanders Griffith III sold 18,472 shares of Total System Services 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 completion of the transaction, the executive vice president now owns 187,684 shares in the company, valued at $11,871,013. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Paul M. Todd sold 4,057 shares of Total System Services 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 disclosure for this sale can be found here. Insiders sold 243,503 shares of company stock valued at $15,490,969 in the last quarter. 2.60% of the stock is owned by insiders.

ILLEGAL ACTIVITY WARNING: “Balyasny Asset Management LLC Has $970,000 Position in Total System Services, Inc. (TSS)” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://ledgergazette.com/2017/10/16/balyasny-asset-management-llc-has-970000-position-in-total-system-services-inc-tss.html.

About Total System Services

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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