CAPROCK Group Inc. Has $209,000 Stake in Total System Services, Inc. (TSS)

CAPROCK Group Inc. reduced its stake in Total System Services, Inc. (NYSE:TSS) by 45.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,116 shares of the credit services provider’s stock after selling 1,760 shares during the period. CAPROCK Group Inc.’s holdings in Total System Services were worth $209,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Total System Services by 1.3% in the second quarter. BlackRock Inc. now owns 12,068,642 shares of the credit services provider’s stock valued at $1,020,041,000 after acquiring an additional 159,847 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Total System Services by 56.5% in the second quarter. Janus Henderson Group PLC now owns 2,897,435 shares of the credit services provider’s stock valued at $244,891,000 after acquiring an additional 1,045,842 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Total System Services by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 1,240,196 shares of the credit services provider’s stock valued at $104,822,000 after acquiring an additional 15,426 shares in the last quarter. Allianz Asset Management GmbH raised its stake in Total System Services by 2.8% in the first quarter. Allianz Asset Management GmbH now owns 1,071,425 shares of the credit services provider’s stock valued at $92,421,000 after buying an additional 28,752 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Total System Services by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 980,682 shares of the credit services provider’s stock valued at $82,887,000 after buying an additional 4,903 shares in the last quarter. Institutional investors and hedge funds own 76.53% of the company’s stock.

A number of analysts have weighed in on TSS shares. Guggenheim restated a “buy” rating and issued a $103.00 price target on shares of Total System Services in a research note on Wednesday, July 25th. Nomura restated a “buy” rating and issued a $96.00 price target on shares of Total System Services in a research note on Wednesday, July 25th. Citigroup raised their price target on Total System Services from $104.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, July 25th. Royal Bank of Canada restated a “buy” rating and issued a $105.00 price target on shares of Total System Services in a research note on Wednesday, July 25th. Finally, Zacks Investment Research upgraded Total System Services from a “hold” rating to a “buy” rating and set a $104.00 price target on the stock in a research note on Monday, July 30th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $92.81.

In other Total System Services news, EVP Dorenda K. Weaver sold 5,009 shares of the firm’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $99.00, for a total transaction of $495,891.00. Following the transaction, the executive vice president now owns 44,358 shares of the company’s stock, valued at $4,391,442. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Patricia A. Watson sold 15,332 shares of the firm’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $93.30, for a total value of $1,430,475.60. Following the transaction, the executive vice president now directly owns 30,743 shares in the company, valued at approximately $2,868,321.90. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.

Shares of TSS stock opened at $93.31 on Friday. The stock has a market cap of $18.01 billion, a price-to-earnings ratio of 28.97, a PEG ratio of 1.61 and a beta of 1.17. Total System Services, Inc. has a 1 year low of $66.63 and a 1 year high of $100.39. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.55 and a current ratio of 2.55.

Total System Services (NYSE:TSS) last issued its quarterly earnings data on Tuesday, July 24th. The credit services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.04. The company had revenue of $956.55 million for the quarter, compared to analyst estimates of $936.79 million. Total System Services had a return on equity of 29.26% and a net margin of 14.39%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.85 earnings per share. Analysts predict that Total System Services, Inc. will post 4.19 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Thursday, September 20th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Wednesday, September 19th. Total System Services’s payout ratio is 16.15%.

Total System Services Company Profile

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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Institutional Ownership by Quarter for Total System Services (NYSE:TSS)

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