Highland Capital Management LLC acquired a new position in shares of Total System Services, Inc. (NYSE:TSS) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,395 shares of the credit services provider’s stock, valued at approximately $1,224,000.
Other hedge funds have also recently modified their holdings of the company. Fort L.P. acquired a new position in Total System Services during the second quarter worth $119,000. Piedmont Investment Advisors LLC acquired a new position in Total System Services during the second quarter worth $159,000. CENTRAL TRUST Co raised its holdings in Total System Services by 187.9% during the third quarter. CENTRAL TRUST Co now owns 1,647 shares of the credit services provider’s stock worth $163,000 after purchasing an additional 1,075 shares during the last quarter. Bray Capital Advisors acquired a new position in Total System Services during the second quarter worth $177,000. Finally, Eqis Capital Management Inc. acquired a new position in Total System Services during the second quarter worth $231,000. 76.53% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on TSS shares. Guggenheim reaffirmed a “buy” rating and set a $103.00 price objective on shares of Total System Services in a report on Wednesday, July 25th. Nomura reaffirmed a “buy” rating and set a $96.00 price objective on shares of Total System Services in a report on Wednesday, July 25th. Citigroup raised their price target on Total System Services from $104.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, July 25th. Royal Bank of Canada reissued a “buy” rating and set a $105.00 price target on shares of Total System Services in a research report on Wednesday, July 25th. Finally, Zacks Investment Research raised Total System Services from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a research report on Monday, July 30th. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $92.81.
Total System Services stock opened at $93.31 on Friday. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.62. The firm has a market cap of $18.01 billion, a price-to-earnings ratio of 28.98, a P/E/G ratio of 1.61 and a beta of 1.17. Total System Services, Inc. has a fifty-two week low of $66.63 and a fifty-two week high of $100.39.
Total System Services (NYSE:TSS) last announced its quarterly earnings data on Tuesday, July 24th. The credit services provider reported $1.11 EPS for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.04. The business had revenue of $956.55 million during 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%. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 earnings per share. On average, research analysts anticipate that Total System Services, Inc. will post 4.19 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Thursday, September 20th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date was Wednesday, September 19th. Total System Services’s dividend payout ratio is currently 16.15%.
In other news, EVP Dorenda K. Weaver sold 5,009 shares of Total System Services stock in a transaction on Friday, September 14th. The stock was sold at an average price of $99.00, for a total value of $495,891.00. Following the completion of the sale, 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 document filed with the SEC, which is available through the SEC website. Also, EVP Patricia A. Watson sold 15,332 shares of Total System Services stock in a transaction on Monday, August 6th. The shares were sold at an average price of $93.30, for a total value of $1,430,475.60. Following the completion of the sale, the executive vice president now directly owns 30,743 shares of the company’s stock, valued at approximately $2,868,321.90. The disclosure for this sale can be found here. 2.40% of the stock is 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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