BlackRock Inc. boosted its stake in Total System Services, Inc. (NYSE:TSS) by 2,540.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 11,122,344 shares of the credit services provider’s stock after buying an additional 10,701,089 shares during the period. BlackRock Inc. owned about 0.06% of Total System Services worth $594,599,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans boosted its position in Total System Services by 573.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 36,430 shares of the credit services provider’s stock valued at $1,786,000 after buying an additional 31,020 shares during the last quarter. Parametrica Management Ltd purchased a new position in Total System Services during the first quarter valued at $245,000. Kentucky Retirement Systems purchased a new position in Total System Services during the fourth quarter valued at $589,000. Alyeska Investment Group L.P. boosted its position in Total System Services by 148.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 920,936 shares of the credit services provider’s stock valued at $45,153,000 after buying an additional 549,603 shares during the last quarter. Finally, Comerica Bank boosted its position in Total System Services by 7.1% in the fourth quarter. Comerica Bank now owns 64,618 shares of the credit services provider’s stock valued at $3,489,000 after buying an additional 4,291 shares during the last quarter. Hedge funds and other institutional investors own 75.81% of the company’s stock.
Total System Services, Inc. (NYSE:TSS) traded down 0.71% during trading on Friday, hitting $58.96. 599,167 shares of the stock traded hands. The company has a market capitalization of $10.85 billion, a P/E ratio of 32.52 and a beta of 1.11. Total System Services, Inc. has a one year low of $46.22 and a one year high of $60.64. The company’s 50 day moving average is $58.64 and its 200 day moving average is $54.00.
Total System Services (NYSE:TSS) last released its earnings results on Tuesday, April 25th. The credit services provider reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. Total System Services had a net margin of 7.86% and a return on equity of 25.16%. The firm’s revenue for the quarter was up 62.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 earnings per share. On average, equities analysts forecast that Total System Services, Inc. will post $3.24 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Thursday, June 22nd will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Tuesday, June 20th. Total System Services’s dividend payout ratio (DPR) is currently 22.10%.
TSS has been the topic of several research analyst reports. Zacks Investment Research cut shares of Total System Services from a “buy” rating to a “hold” rating in a research report on Tuesday, February 28th. Stifel Nicolaus set a $65.00 price objective on shares of Total System Services and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Pacific Crest reiterated an “overweight” rating and set a $58.00 price objective on shares of Total System Services in a research report on Monday, April 24th. Goldman Sachs Group, Inc. (The) upgraded shares of Total System Services from a “neutral” rating to a “buy” rating in a research report on Monday, May 15th. Finally, BidaskClub cut shares of Total System Services from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $61.41.
In related news, Director Richard W. Ussery sold 48,000 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $59.19, for a total value of $2,841,120.00. Following the completion of the transaction, the director now owns 219,968 shares of the company’s stock, valued at $13,019,905.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman M Troy Woods sold 6,500 shares of the firm’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $57.30, for a total transaction of $372,450.00. Following the completion of the transaction, the chairman now directly owns 285,966 shares of the company’s stock, valued at approximately $16,385,851.80. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by company insiders.
About Total System Services
Total System Services, Inc (TSYS) is a payment solutions provider that provides payment processing services, merchant services and related payment services to financial and non-financial institutions. The Company’s segments include North America Services, Merchant Services, NetSpend and International Services.
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