New York State Teachers Retirement System cut its stake in shares of Total System Services, Inc. (NYSE:TSS) by 1.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 332,737 shares of the credit services provider’s stock after selling 6,026 shares during the period. New York State Teachers Retirement System owned 0.18% of Total System Services worth $17,788,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of TSS. Xact Kapitalforvaltning AB bought a new position in Total System Services during the third quarter worth approximately $1,299,000. Cetera Advisors LLC raised its position in Total System Services by 2.8% in the third quarter. Cetera Advisors LLC now owns 4,421 shares of the credit services provider’s stock worth $207,000 after buying an additional 121 shares in the last quarter. Brinker Capital Inc. raised its position in Total System Services by 14.3% in the third quarter. Brinker Capital Inc. now owns 12,249 shares of the credit services provider’s stock worth $579,000 after buying an additional 1,533 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Total System Services during the fourth quarter worth about $1,805,000. Finally, ING Groep NV raised its stake in shares of Total System Services by 31.6% in the fourth quarter. ING Groep NV now owns 13,940 shares of the credit services provider’s stock worth $687,000 after buying an additional 3,350 shares during the period. Institutional investors and hedge funds own 75.42% of the company’s stock.
Total System Services, Inc. (TSS) traded up 0.27% during mid-day trading on Monday, hitting $59.11. 806,009 shares of the stock traded hands. Total System Services, Inc. has a 1-year low of $46.22 and a 1-year high of $60.64. The company has a 50-day moving average of $58.67 and a 200 day moving average of $54.05.
Total System Services (NYSE:TSS) last issued its quarterly earnings results on Tuesday, April 25th. The credit services provider reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.02. Total System Services had a return on equity of 25.16% and a net margin of 7.86%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the company earned $0.66 earnings per share. The company’s revenue was up 62.3% on a year-over-year basis. On average, equities research analysts forecast that Total System Services, Inc. will post $3.24 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, June 22nd will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, June 20th. This represents a $0.40 annualized dividend and a dividend yield of 0.68%. Total System Services’s payout ratio is presently 22.10%.
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Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Total System Services from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research note on Wednesday, May 31st. Barclays PLC restated an “overweight” rating and set a $72.00 price objective (up previously from $67.00) on shares of Total System Services in a report on Sunday, June 11th. Instinet upped their target price on shares of Total System Services from $61.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, June 6th. BidaskClub lowered shares of Total System Services from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, Pacific Crest reissued an “overweight” rating and set a $58.00 price target on shares of Total System Services in a research note on Monday, April 24th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Total System Services currently has a consensus rating of “Buy” and an average price target of $61.41.
In other news, Chairman M Troy Woods sold 6,500 shares of the firm’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $57.30, for a total transaction of $372,450.00. Following the completion of the transaction, the chairman now directly owns 285,966 shares in the company, valued at $16,385,851.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard W. Ussery sold 48,000 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $59.19, for a total value of $2,841,120.00. Following the transaction, the director now owns 219,968 shares of the company’s stock, valued at $13,019,905.92. The disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.
About Total System Services
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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