Paul M. Todd Sells 4,057 Shares of Total System Services, Inc. (TSS) Stock
Total System Services, Inc. (NYSE:TSS) CFO Paul M. Todd sold 4,057 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $63.50, for a total value of $257,619.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Total System Services, Inc. (NYSE:TSS) traded up 1.98% during midday trading on Wednesday, reaching $65.41. The company had a trading volume of 1,559,167 shares. Total System Services, Inc. has a 12 month low of $46.22 and a 12 month high of $65.44. The firm has a 50-day moving average of $61.56 and a 200-day moving average of $57.11. The stock has a market cap of $12.05 billion, a P/E ratio of 31.74 and a beta of 1.14.
Total System Services (NYSE:TSS) last released its earnings results on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.05. Total System Services had a return on equity of 25.49% and a net margin of 8.78%. The firm had revenue of $844.07 million during the quarter, compared to analysts’ expectations of $842.57 million. During the same period in the prior year, the company earned $0.74 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. On average, equities analysts expect that Total System Services, Inc. will post $3.28 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 29th will be paid a dividend of $0.13 per share. The ex-dividend date is Wednesday, September 20th. This is a boost from Total System Services’s previous quarterly dividend of $0.10. This represents a $0.52 annualized dividend and a yield of 0.79%. Total System Services’s dividend payout ratio is presently 19.51%.
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A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised Total System Services from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a report on Wednesday, May 31st. Instinet increased their target price on Total System Services from $61.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, June 6th. Stifel Nicolaus set a $65.00 target price on Total System Services and gave the stock a “buy” rating in a report on Wednesday, April 26th. Goldman Sachs Group, Inc. (The) raised Total System Services from a “neutral” rating to a “buy” rating in a report on Monday, May 15th. Finally, BidaskClub raised Total System Services from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $64.05.
Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Total System Services by 2,540.3% in the first quarter. BlackRock Inc. now owns 11,122,344 shares of the credit services provider’s stock valued at $594,599,000 after buying an additional 10,701,089 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Total System Services by 422.2% in the second quarter. Ameriprise Financial Inc. now owns 4,395,728 shares of the credit services provider’s stock valued at $256,053,000 after buying an additional 3,553,887 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Total System Services by 7,710.6% in the second quarter. Janus Henderson Group PLC now owns 1,735,118 shares of the credit services provider’s stock valued at $101,071,000 after buying an additional 1,712,903 shares during the last quarter. FMR LLC boosted its stake in Total System Services by 14.8% in the first quarter. FMR LLC now owns 11,224,948 shares of the credit services provider’s stock valued at $600,086,000 after buying an additional 1,447,047 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its position in shares of Total System Services by 71.6% in the first quarter. Point72 Asset Management L.P. now owns 2,386,830 shares of the credit services provider’s stock valued at $127,600,000 after buying an additional 996,260 shares during the period. Hedge funds and other institutional investors own 75.66% of the company’s stock.
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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