Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in Total System Services Inc. (NYSE:TSS) during the second quarter, Holdings Channel reports. The firm bought 210,683 shares of the company’s stock, valued at approximately $11,126,000.
Other hedge funds have also recently modified their holdings of the company. Aperio Group LLC raised its stake in shares of Total System Services by 16.3% in the first quarter. Aperio Group LLC now owns 36,974 shares of the company’s stock valued at $1,759,000 after buying an additional 5,191 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Total System Services by 0.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,534,008 shares of the company’s stock worth $215,728,000 after buying an additional 29,043 shares during the period. ING Groep NV bought a new stake in Total System Services during the first quarter worth $448,000. Aviva PLC raised its stake in Total System Services by 0.5% in the first quarter. Aviva PLC now owns 81,844 shares of the company’s stock worth $3,894,000 after buying an additional 420 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. raised its stake in Total System Services by 1.4% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 7,399 shares of the company’s stock worth $352,000 after buying an additional 100 shares during the period. 71.48% of the stock is owned by institutional investors and hedge funds.
Total System Services Inc. (NYSE:TSS) traded up 2.77% during midday trading on Tuesday, hitting $48.31. The stock had a trading volume of 1,638,463 shares. Total System Services Inc. has a 52-week low of $37.47 and a 52-week high of $56.69. The stock has a market cap of $8.88 billion, a PE ratio of 24.61 and a beta of 1.18. The company’s 50 day moving average price is $48.03 and its 200-day moving average price is $50.74.
Total System Services (NYSE:TSS) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.02. The company earned $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Total System Services had a return on equity of 23.58% and a net margin of 10.97%. Total System Services’s revenue was up 66.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.58 EPS. Analysts forecast that Total System Services Inc. will post $2.81 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Thursday, September 22nd were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Tuesday, September 20th. Total System Services’s dividend payout ratio (DPR) is presently 20.30%.
A number of analysts have recently weighed in on TSS shares. Barclays PLC reissued a “buy” rating on shares of Total System Services in a research note on Saturday, July 9th. Credit Suisse Group AG set a $58.00 price objective on Total System Services and gave the company a “hold” rating in a research note on Wednesday, July 27th. First Analysis raised Total System Services from an “equal weight” rating to an “overweight” rating and set a $62.00 price objective for the company in a research note on Thursday, July 28th. Jefferies Group reissued a “hold” rating and set a $55.00 price objective (up previously from $50.00) on shares of Total System Services in a research note on Thursday, July 28th. Finally, Morgan Stanley reissued a “hold” rating and set a $54.00 price objective on shares of Total System Services in a research note on Thursday, July 28th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average 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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