State of Tennessee Treasury Department reduced its holdings in shares of Total System Services, Inc. (NYSE:TSS) by 4.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 55,698 shares of the credit services provider’s stock after selling 2,770 shares during the period. State of Tennessee Treasury Department’s holdings in Total System Services were worth $5,291,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Laurel Wealth Advisors LLC acquired a new stake in shares of Total System Services in the 4th quarter worth $28,000. Berman Capital Advisors LLC lifted its stake in shares of Total System Services by 119.6% in the 1st quarter. Berman Capital Advisors LLC now owns 325 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 177 shares during the period. Icon Wealth Partners LLC acquired a new stake in shares of Total System Services in the 1st quarter worth $32,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Total System Services in the 1st quarter worth $33,000. Finally, Pittenger & Anderson Inc. acquired a new stake in shares of Total System Services in the 1st quarter worth $33,000. 77.36% of the stock is currently owned by institutional investors.
Shares of NYSE TSS traded down $0.40 during midday trading on Wednesday, hitting $127.11. The company had a trading volume of 26,146 shares, compared to its average volume of 1,702,952. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.85. Total System Services, Inc. has a twelve month low of $75.58 and a twelve month high of $130.62. The stock has a market capitalization of $22.90 billion, a price-to-earnings ratio of 29.88, a price-to-earnings-growth ratio of 2.29 and a beta of 0.84.
Total System Services (NYSE:TSS) last announced its quarterly earnings data on Tuesday, April 23rd. The credit services provider reported $1.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.03. Total System Services had a net margin of 14.63% and a return on equity of 31.25%. The firm had revenue of $980.30 million during the quarter, compared to analysts’ expectations of $998.73 million. During the same quarter last year, the business earned $1.13 earnings per share. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. Equities research analysts expect that Total System Services, Inc. will post 4.63 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Thursday, June 20th will be issued a dividend of $0.13 per share. The ex-dividend date is Wednesday, June 19th. This represents a $0.52 annualized dividend and a yield of 0.41%. Total System Services’s dividend payout ratio (DPR) is currently 12.21%.
Several analysts have recently commented on the stock. BMO Capital Markets raised their target price on shares of Total System Services to $121.00 and gave the stock a “market perform” rating in a research note on Thursday, May 30th. Cowen cut shares of Total System Services from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 29th. Guggenheim cut shares of Total System Services from a “buy” rating to a “neutral” rating in a research note on Thursday, May 30th. KeyCorp raised their price objective on shares of Total System Services from $95.00 to $106.00 and gave the company an “overweight” rating in a research note on Wednesday, April 24th. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of Total System Services from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $102.47.
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About Total System Services
Total System Services, Inc provides payment processing, merchant, and related payment services to financial and nonfinancial institutions worldwide. The company operates through three segments: Issuer Solutions, Merchant Solutions, and Consumer Solutions. 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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