Teachers Retirement System of The State of Kentucky lowered its position in shares of TSYS (NYSE:TSS) by 13.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,586 shares of the credit services provider’s stock after selling 12,141 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in TSYS were worth $6,294,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership grew its holdings in shares of TSYS by 1,030.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 585,584 shares of the credit services provider’s stock worth $46,314,000 after acquiring an additional 533,784 shares during the period. BlackRock Inc. lifted its position in TSYS by 3.8% in the 4th quarter. BlackRock Inc. now owns 11,578,874 shares of the credit services provider’s stock valued at $915,773,000 after acquiring an additional 427,801 shares in the last quarter. Sterling Capital Management LLC lifted its position in TSYS by 1,366.8% in the 3rd quarter. Sterling Capital Management LLC now owns 300,170 shares of the credit services provider’s stock valued at $19,661,000 after acquiring an additional 279,706 shares in the last quarter. Allianz Asset Management GmbH lifted its position in TSYS by 34.9% in the 4th quarter. Allianz Asset Management GmbH now owns 1,042,673 shares of the credit services provider’s stock valued at $82,465,000 after acquiring an additional 269,796 shares in the last quarter. Finally, PGGM Investments bought a new position in shares of TSYS during the 4th quarter valued at $19,780,000. 76.51% of the stock is owned by institutional investors.
Shares of TSYS stock traded down $2.88 during trading hours on Friday, reaching $83.98. The stock had a trading volume of 1,029,716 shares, compared to its average volume of 1,093,689. TSYS has a twelve month low of $51.88 and a twelve month high of $90.74. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap of $15,784.69, a P/E ratio of 26.08, a price-to-earnings-growth ratio of 1.50 and a beta of 1.11.
TSYS (NYSE:TSS) last released its quarterly earnings results on Tuesday, January 23rd. The credit services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.03. TSYS had a net margin of 11.90% and a return on equity of 26.50%. The firm had revenue of $870.61 million during the quarter, compared to the consensus estimate of $848.20 million. During the same quarter in the prior year, the firm earned $0.71 EPS. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. equities research analysts forecast that TSYS will post 3.96 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Thursday, March 22nd were paid a dividend of $0.13 per share. The ex-dividend date was Wednesday, March 21st. This represents a $0.52 annualized dividend and a yield of 0.62%. TSYS’s dividend payout ratio is presently 16.15%.
In other news, Director Richard W. Ussery sold 7,546 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $88.29, for a total value of $666,236.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Patricia A. Watson sold 2,274 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $83.35, for a total transaction of $189,537.90. Following the completion of the transaction, the executive vice president now owns 27,253 shares in the company, valued at $2,271,537.55. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 692,200 shares of company stock valued at $59,978,168. 2.40% of the stock is owned by corporate insiders.
Several equities analysts have recently weighed in on the company. Stifel Nicolaus reissued a “hold” rating and set a $85.00 price target on shares of TSYS in a report on Wednesday, January 24th. ValuEngine upgraded TSYS from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research lowered TSYS from a “buy” rating to a “hold” rating and set a $96.00 price objective for the company. in a research report on Wednesday, March 28th. Barclays raised their price objective on TSYS from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Tuesday, February 6th. Finally, Citigroup lifted their price target on TSYS from $94.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $83.00.
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Total System Services, Inc provides payment processing, merchant, and related payment services to financial and nonfinancial institutions worldwide. The company operates through three segments: Merchant Solutions, Issuer Solutions, and Netspend. It offers general purpose reloadable prepaid and payroll cards, demand deposit accounts, and other financial service solutions to the underbanked and other consumers and businesses.
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