Traders Purchase Large Volume of Total System Services Call Options (NYSE:TSS)

Total System Services, Inc. (NYSE:TSS) was the recipient of unusually large options trading on Friday. Stock investors bought 1,236 call options on the stock. This is an increase of 836% compared to the typical volume of 132 call options.

In related news, EVP Patricia A. Watson sold 23,608 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $74.01, for a total value of $1,747,228.08. Following the completion of the transaction, the executive vice president now directly owns 21,112 shares of the company’s stock, valued at $1,562,499.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.60% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of TSS. Federated Investors Inc. PA boosted its stake in Total System Services by 373.6% in the 2nd quarter. Federated Investors Inc. PA now owns 19,641 shares of the credit services provider’s stock valued at $1,144,000 after purchasing an additional 15,494 shares during the period. Victory Capital Management Inc. boosted its stake in Total System Services by 17.8% in the 2nd quarter. Victory Capital Management Inc. now owns 30,364 shares of the credit services provider’s stock valued at $1,769,000 after purchasing an additional 4,595 shares during the period. American Century Companies Inc. boosted its stake in Total System Services by 3.3% in the 2nd quarter. American Century Companies Inc. now owns 19,203 shares of the credit services provider’s stock valued at $1,119,000 after purchasing an additional 620 shares during the period. Pacer Advisors Inc. boosted its stake in Total System Services by 8.2% in the 2nd quarter. Pacer Advisors Inc. now owns 3,891 shares of the credit services provider’s stock valued at $227,000 after purchasing an additional 294 shares during the period. Finally, Neuberger Berman Group LLC bought a new stake in Total System Services in the 2nd quarter valued at $9,761,000. 75.95% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have issued reports on the company. Evercore ISI upgraded Total System Services from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 10th. Stephens restated a “buy” rating and issued a $88.00 target price on shares of Total System Services in a research note on Wednesday, January 10th. Zacks Investment Research upgraded Total System Services from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research note on Thursday, January 11th. Robert W. Baird reiterated a “buy” rating on shares of Total System Services in a research report on Tuesday, September 26th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $90.00 price objective on shares of Total System Services in a research report on Thursday, January 4th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $74.04.

Total System Services (NYSE:TSS) opened at $82.22 on Wednesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $15,075.39, a P/E ratio of 36.54, a price-to-earnings-growth ratio of 1.83 and a beta of 1.10. Total System Services has a 1 year low of $49.98 and a 1 year high of $82.91.

Total System Services (NYSE:TSS) last posted its earnings results on Tuesday, October 24th. The credit services provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. The business had revenue of $852.80 million for the quarter, compared to analyst estimates of $842.30 million. Total System Services had a return on equity of 26.25% and a net margin of 8.73%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.71 EPS. sell-side analysts forecast that Total System Services will post 3.2 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Thursday, December 21st were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date was Wednesday, December 20th. Total System Services’s payout ratio is presently 23.11%.

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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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