Boston Advisors LLC lowered its stake in Total System Services Inc. (NYSE:TSS) by 2.5% during the second quarter, Holdings Channel reports. The fund owned 15,777 shares of the company’s stock after selling 399 shares during the period. Boston Advisors LLC’s holdings in Total System Services were worth $838,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of TSS. State Street Corp increased its position in Total System Services by 0.7% in the first quarter. State Street Corp now owns 6,737,142 shares of the company’s stock valued at $320,552,000 after buying an additional 46,448 shares during the last quarter. BB&T Securities LLC acquired a new position in Total System Services during the first quarter valued at approximately $1,657,000. OMERS ADMINISTRATION Corp increased its position in Total System Services by 40.2% in the first quarter. OMERS ADMINISTRATION Corp now owns 63,500 shares of the company’s stock valued at $3,021,000 after buying an additional 18,200 shares during the last quarter. 1832 Asset Management L.P. acquired a new position in Total System Services during the first quarter valued at approximately $7,742,000. Finally, Canada Pension Plan Investment Board increased its position in Total System Services by 24.3% in the first quarter. Canada Pension Plan Investment Board now owns 251,956 shares of the company’s stock valued at $11,988,000 after buying an additional 49,300 shares during the last quarter. 71.50% of the stock is currently owned by hedge funds and other institutional investors.
Total System Services Inc. (NYSE:TSS) traded up 1.42% on Monday, hitting $47.82. 1,771,857 shares of the stock were exchanged. Total System Services Inc. has a 1-year low of $37.47 and a 1-year high of $56.69. The company has a 50-day moving average price of $48.28 and a 200 day moving average price of $50.69. The company has a market capitalization of $8.79 billion, a PE ratio of 24.36 and a beta of 1.18.
Total System Services (NYSE:TSS) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.02. Total System Services had a net margin of 10.97% and a return on equity of 23.58%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the business earned $0.58 EPS. Total System Services’s quarterly revenue was up 66.2% on a year-over-year basis. Analysts anticipate that Total System Services Inc. will post $2.81 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 22nd will be paid a $0.10 dividend. The ex-dividend date is Tuesday, September 20th. This represents a $0.40 dividend on an annualized basis and a yield of 0.84%. Total System Services’s dividend payout ratio (DPR) is currently 20.30%.
Several equities analysts have commented on the stock. Credit Suisse Group AG set a $58.00 target price on shares of Total System Services and gave the stock a “hold” rating in a research report on Wednesday, July 27th. Barclays PLC reaffirmed a “buy” rating on shares of Total System Services in a research report on Saturday, July 9th. Citigroup Inc. raised their price target on Total System Services from $61.00 to $63.00 and gave the company a “buy” rating in a research report on Monday, June 13th. Morgan Stanley reaffirmed a “hold” rating and issued a $54.00 price target on shares of Total System Services in a research report on Thursday, July 28th. Finally, Zacks Investment Research downgraded Total System Services from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company’s stock. Total System Services currently has a consensus rating of “Hold” and a consensus target price of $52.78.
About Total System Services
Total System Services, Inc (TSYS) is a payment solutions provider that provides services to financial and nonfinancial institutions. The Company’s segments include North America Services, Merchant Services, NetSpend and International Services. The Company also provides processing services, acquiring solutions, related systems and integrated support services to merchant acquirers and merchants.
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