Advisor Group Inc. raised its stake in shares of Total System Services, Inc. (NYSE:TSS) by 25.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,141 shares of the credit services provider’s stock after purchasing an additional 7,201 shares during the quarter. Advisor Group Inc.’s holdings in Total System Services were worth $2,779,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of TSS. Victory Capital Management Inc. increased its stake in Total System Services by 10.4% during the 3rd quarter. Victory Capital Management Inc. now owns 33,529 shares of the credit services provider’s stock valued at $2,196,000 after purchasing an additional 3,165 shares in the last quarter. State of Wisconsin Investment Board increased its stake in shares of Total System Services by 5.1% in the third quarter. State of Wisconsin Investment Board now owns 196,130 shares of the credit services provider’s stock worth $12,846,000 after acquiring an additional 9,471 shares during the period. State of Tennessee Treasury Department increased its stake in shares of Total System Services by 40.1% in the third quarter. State of Tennessee Treasury Department now owns 63,460 shares of the credit services provider’s stock worth $4,157,000 after acquiring an additional 18,159 shares during the period. Swiss National Bank increased its stake in shares of Total System Services by 1.3% in the third quarter. Swiss National Bank now owns 609,718 shares of the credit services provider’s stock worth $39,937,000 after acquiring an additional 7,700 shares during the period. Finally, Jennison Associates LLC acquired a new stake in shares of Total System Services in the third quarter worth $573,000. Institutional investors and hedge funds own 76.51% of the company’s stock.
Shares of Total System Services, Inc. (TSS) opened at $89.86 on Thursday. The company has a market cap of $16,330.00, a price-to-earnings ratio of 36.98, a P/E/G ratio of 1.55 and a beta of 1.11. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.17. 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 quarterly earnings results on Tuesday, January 23rd. The credit services provider reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.03. The company had revenue of $870.61 million for the quarter, compared to analyst estimates of $848.20 million. Total System Services had a net margin of 11.90% and a return on equity of 26.50%. The firm’s revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the business earned $0.71 earnings per share. equities analysts expect that Total System Services, Inc. will post 3.96 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 22nd will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.58%. The ex-dividend date is Wednesday, March 21st. Total System Services’s payout ratio is 21.40%.
TSS has been the topic of a number of research reports. Morgan Stanley reiterated a “hold” rating on shares of Total System Services in a research note on Thursday, November 16th. Goldman Sachs Group lowered shares of Total System Services from a “buy” rating to a “neutral” rating in a research note on Monday, December 11th. Zacks Investment Research lowered shares of Total System Services from a “buy” rating to a “hold” rating in a research note on Thursday, December 14th. Robert W. Baird reiterated a “buy” rating and issued a $84.00 price objective on shares of Total System Services in a research note on Friday, December 15th. Finally, KeyCorp reiterated a “buy” rating and issued a $85.00 price objective on shares of Total System Services in a research note on Friday, December 15th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Total System Services has an average rating of “Buy” and an average price target of $82.08.
In other Total System Services news, EVP Dorenda K. Weaver sold 2,686 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $87.81, for a total transaction of $235,857.66. Following the transaction, the executive vice president now directly owns 49,367 shares of the company’s stock, valued at $4,334,916.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard W. Ussery sold 7,546 shares of the stock in a transaction on Friday, January 26th. The shares were sold at an average price of $88.29, for a total transaction of $666,236.34. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 692,200 shares of company stock worth $59,978,168. Insiders own 2.60% of the company’s stock.
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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.
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