ETRADE Capital Management LLC lifted its position in shares of Total System Services, Inc. (NYSE:TSS) by 17.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,146 shares of the credit services provider’s stock after purchasing an additional 1,219 shares during the quarter. ETRADE Capital Management LLC’s holdings in Total System Services were worth $644,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. American Century Companies Inc. increased its position in Total System Services by 5,111.9% during the 3rd quarter. American Century Companies Inc. now owns 1,000,833 shares of the credit services provider’s stock worth $65,555,000 after purchasing an additional 981,630 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in shares of Total System Services by 90.9% in the 3rd quarter. Neuberger Berman Group LLC now owns 319,843 shares of the credit services provider’s stock valued at $20,950,000 after purchasing an additional 152,268 shares during the last quarter. State of Tennessee Treasury Department boosted its stake in shares of Total System Services by 40.1% in the 3rd quarter. State of Tennessee Treasury Department now owns 63,460 shares of the credit services provider’s stock valued at $4,157,000 after purchasing an additional 18,159 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Total System Services by 24.3% during the third quarter. JPMorgan Chase & Co. now owns 311,561 shares of the credit services provider’s stock worth $20,260,000 after acquiring an additional 60,848 shares in the last quarter. Finally, Global X Management Co. LLC boosted its stake in Total System Services by 25.9% during the fourth quarter. Global X Management Co. LLC now owns 7,245 shares of the credit services provider’s stock worth $573,000 after acquiring an additional 1,489 shares in the last quarter. Institutional investors and hedge funds own 76.51% of the company’s stock.
In other Total System Services news, Director Philip W. Tomlinson sold 234,759 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $88.49, for a total transaction of $20,773,823.91. Following the transaction, the director now owns 331,250 shares of the company’s stock, valued at $29,312,312.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Dorenda K. Weaver sold 24,160 shares of the company’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $90.11, for a total value of $2,177,057.60. Following the completion of the transaction, the chief accounting officer now directly owns 54,969 shares in the company, valued at approximately $4,953,256.59. The disclosure for this sale can be found here. Insiders sold 692,200 shares of company stock valued at $59,978,168 over the last 90 days. Company insiders own 2.60% of the company’s stock.
TSS stock traded up $0.21 on Friday, reaching $89.97. The company’s stock had a trading volume of 1,576,314 shares, compared to its average volume of 1,061,275. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $16,349.89, a price-to-earnings ratio of 27.94, a PEG ratio of 1.55 and a beta of 1.11. Total System Services, Inc. has a 52 week low of $50.96 and a 52 week high of $90.74.
Total System Services (NYSE:TSS) last released its earnings results on Tuesday, January 23rd. The credit services provider reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.03. The firm had revenue of $870.61 million during the quarter, compared to the consensus estimate of $848.20 million. Total System Services had a return on equity of 26.50% and a net margin of 11.90%. The company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 earnings per share. research analysts predict that Total System Services, Inc. will post 3.96 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 22nd will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Wednesday, March 21st. Total System Services’s dividend payout ratio (DPR) is presently 16.46%.
Several analysts have recently commented on TSS shares. Zacks Investment Research downgraded shares of Total System Services from a “buy” rating to a “hold” rating and set a $88.00 target price for the company. in a report on Friday, January 5th. Credit Suisse Group reiterated a “neutral” rating and issued a $87.00 target price (up previously from $73.00) on shares of Total System Services in a research note on Wednesday, January 17th. Nomura lifted their target price on shares of Total System Services from $87.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Morgan Stanley lifted their target price on shares of Total System Services from $84.00 to $89.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $91.00 target price on shares of Total System Services in a research note on Friday, December 22nd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Total System Services currently has an average rating of “Buy” and an average price target of $82.08.
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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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