Renaissance Technologies LLC decreased its holdings in shares of TSYS (NYSE:TSS) by 88.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 106,900 shares of the credit services provider’s stock after selling 797,565 shares during the quarter. Renaissance Technologies LLC owned about 0.06% of TSYS worth $8,455,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. BlackRock Inc. boosted its stake in TSYS by 3.8% during the 4th quarter. BlackRock Inc. now owns 11,578,874 shares of the credit services provider’s stock valued at $915,773,000 after purchasing an additional 427,801 shares during the period. Geode Capital Management LLC boosted its stake in TSYS by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 1,994,589 shares of the credit services provider’s stock valued at $157,462,000 after purchasing an additional 7,488 shares during the period. Alliancebernstein L.P. boosted its stake in TSYS by 12.4% during the 4th quarter. Alliancebernstein L.P. now owns 1,186,074 shares of the credit services provider’s stock valued at $93,807,000 after purchasing an additional 131,182 shares during the period. Allianz Asset Management GmbH boosted its stake in TSYS by 34.9% during 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 purchasing an additional 269,796 shares during the period. Finally, American Century Companies Inc. boosted its stake in TSYS by 2.3% during the 4th quarter. American Century Companies Inc. now owns 1,024,283 shares of the credit services provider’s stock valued at $81,011,000 after purchasing an additional 23,450 shares during the period. Hedge funds and other institutional investors own 76.51% of the company’s stock.
In other news, EVP Patricia A. Watson sold 2,274 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $83.35, for a total value of $189,537.90. Following the completion of the transaction, the executive vice president now directly owns 27,253 shares of the company’s stock, valued at approximately $2,271,537.55. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard W. Ussery sold 7,546 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $88.29, for a total value of $666,236.34. The disclosure for this sale can be found here. Over the last three months, insiders sold 692,200 shares of company stock valued at $59,978,168. 2.40% of the stock is currently owned by insiders.
Several analysts recently weighed in on TSS shares. Zacks Investment Research upgraded TSYS from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Friday, December 15th. Wells Fargo set a $95.00 target price on TSYS and gave the company a “buy” rating in a research note on Wednesday, January 24th. Mizuho restated a “hold” rating and set a $80.00 target price on shares of TSYS in a research note on Monday, December 18th. Robert W. Baird restated a “buy” rating and set a $84.00 target price on shares of TSYS in a research note on Friday, December 15th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $91.00 target price on shares of TSYS in a research note on Friday, December 22nd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $83.00.
Shares of TSS opened at $83.98 on Monday. TSYS has a 1 year low of $51.88 and a 1 year high of $90.74. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $15,261.35, a PE ratio of 26.08, a P/E/G ratio of 1.45 and a beta of 1.11.
TSYS (NYSE:TSS) last issued its earnings results on Tuesday, January 23rd. The credit services provider reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.03. TSYS had a return on equity of 26.50% and a net margin of 11.90%. The business had revenue of $870.61 million during the quarter, compared to analysts’ expectations of $848.20 million. During the same period in the prior year, the firm posted $0.71 EPS. TSYS’s quarterly revenue was up 10.8% compared to the same quarter last year. equities research analysts expect that TSYS will post 3.96 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Thursday, March 22nd were issued a $0.13 dividend. The ex-dividend date was Wednesday, March 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.62%. TSYS’s payout ratio is presently 16.15%.
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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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