Brown Advisory Inc. increased its position in shares of Total System Services Inc. (NYSE:TSS) by 0.2% during the second quarter, Holdings Channel reports. The institutional investor owned 47,376 shares of the company’s stock after buying an additional 74 shares during the period. Brown Advisory Inc.’s holdings in Total System Services were worth $2,517,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Kanaly Trust Co raised its stake in Total System Services by 66.7% in the second quarter. Kanaly Trust Co now owns 2,400 shares of the company’s stock worth $127,000 after buying an additional 960 shares in the last quarter. CWM LLC bought a new stake in Total System Services during the second quarter worth about $159,000. Janney Montgomery Scott LLC bought a new stake in Total System Services during the second quarter worth about $205,000. TradeLink Capital LLC bought a new stake in Total System Services during the second quarter worth about $210,000. Finally, FNY Managed Accounts LLC raised its stake in Total System Services by 150.0% in the second quarter. FNY Managed Accounts LLC now owns 4,500 shares of the company’s stock worth $239,000 after buying an additional 2,700 shares in the last quarter. 71.50% of the stock is currently owned by institutional investors.
Total System Services Inc. (NYSE:TSS) traded down 0.38% during mid-day trading on Friday, hitting $47.38. The stock had a trading volume of 67,563 shares. The stock has a market cap of $8.71 billion, a price-to-earnings ratio of 24.14 and a beta of 1.15. The company has a 50-day moving average of $48.56 and a 200-day moving average of $50.47. Total System Services Inc. has a 12-month low of $37.47 and a 12-month high of $56.69.
Total System Services (NYSE:TSS) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.02. Total System Services had a return on equity of 23.58% and a net margin of 10.97%. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the firm posted $0.58 earnings per share. The company’s revenue was up 66.2% compared to the same quarter last year. On average, analysts anticipate that Total System Services Inc. will post $2.81 earnings per share for the current fiscal year.
The firm 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. This represents a $0.40 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Tuesday, September 20th. Total System Services’s dividend payout ratio (DPR) is 20.30%.
TSS has been the topic of a number of analyst reports. Barclays PLC reaffirmed a “buy” rating on shares of Total System Services in a research report on Saturday, July 9th. Citigroup Inc. increased their price objective on Total System Services from $61.00 to $63.00 and gave the company a “buy” rating in a report on Monday, June 13th. Credit Suisse Group AG set a $58.00 price objective on Total System Services and gave the company a “hold” rating in a report on Wednesday, July 27th. Zacks Investment Research downgraded Total System Services from a “buy” rating to a “hold” rating in a report on Friday, July 29th. Finally, Morgan Stanley reiterated a “hold” rating and issued a $54.00 price objective on shares of Total System Services in a report on Thursday, July 28th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $52.67.
Total System Services Company Profile
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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