Flinton Capital Management LLC grew its holdings in Total System Services, Inc. (NYSE:TSS) by 59.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,184 shares of the credit services provider’s stock after purchasing an additional 24,384 shares during the period. Flinton Capital Management LLC’s holdings in Total System Services were worth $5,509,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Bank of Montreal Can bought a new stake in shares of Total System Services in the 2nd quarter worth $34,267,000. Achmea Investment Management B.V. increased its holdings in shares of Total System Services by 21.5% in the 2nd quarter. Achmea Investment Management B.V. now owns 59,075 shares of the credit services provider’s stock worth $4,991,000 after purchasing an additional 10,451 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Total System Services by 17.1% in the 1st quarter. LPL Financial LLC now owns 14,222 shares of the credit services provider’s stock worth $1,225,000 after purchasing an additional 2,073 shares in the last quarter. US Bancorp DE increased its holdings in shares of Total System Services by 2.2% in the 2nd quarter. US Bancorp DE now owns 33,162 shares of the credit services provider’s stock worth $2,803,000 after purchasing an additional 724 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Total System Services by 2.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 176,690 shares of the credit services provider’s stock worth $14,933,000 after purchasing an additional 3,568 shares in the last quarter. 76.49% of the stock is owned by institutional investors and hedge funds.
A number of research firms have commented on TSS. Robert W. Baird lifted their target price on Total System Services from $100.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, July 25th. Royal Bank of Canada reissued a “buy” rating and issued a $105.00 target price on shares of Total System Services in a report on Wednesday, July 25th. Raymond James began coverage on Total System Services in a report on Friday, June 15th. They issued a “market perform” rating and a $35.00 target price for the company. Zacks Investment Research raised Total System Services from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a report on Tuesday, June 19th. Finally, Wolfe Research began coverage on Total System Services in a report on Tuesday, July 17th. They issued an “outperform” rating for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $90.57.
Shares of TSS opened at $98.96 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.55 and a quick ratio of 2.55. Total System Services, Inc. has a one year low of $64.56 and a one year high of $99.40. The firm has a market capitalization of $17.72 billion, a P/E ratio of 30.49, a PEG ratio of 1.58 and a beta of 1.18.
Total System Services (NYSE:TSS) last released its earnings results on Tuesday, July 24th. The credit services provider reported $1.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.04. The company had revenue of $956.55 million for the quarter, compared to the consensus estimate of $936.79 million. Total System Services had a return on equity of 29.26% and a net margin of 14.39%. Total System Services’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 earnings per share. equities research analysts predict that Total System Services, Inc. will post 4.2 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Thursday, September 20th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, September 19th. This represents a $0.52 annualized dividend and a yield of 0.53%. Total System Services’s dividend payout ratio (DPR) is presently 16.15%.
In related news, EVP Patricia A. Watson sold 15,332 shares of Total System Services stock in a transaction on Monday, August 6th. The stock was sold at an average price of $93.30, for a total transaction of $1,430,475.60. Following the transaction, the executive vice president now directly owns 30,743 shares in the company, valued at $2,868,321.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.40% of the stock is currently owned by insiders.
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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