AMP Capital Investors Ltd increased its position in Total System Services, Inc. (NYSE:TSS) by 36.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 172,811 shares of the credit services provider’s stock after purchasing an additional 46,356 shares during the period. AMP Capital Investors Ltd owned 0.09% of Total System Services worth $13,670,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the company. Thrivent Financial For Lutherans raised its stake in Total System Services by 1.8% during the 4th quarter. Thrivent Financial For Lutherans now owns 293,267 shares of the credit services provider’s stock valued at $23,194,000 after acquiring an additional 5,088 shares during the last quarter. Profund Advisors LLC raised its stake in Total System Services by 35.3% during the 4th quarter. Profund Advisors LLC now owns 6,040 shares of the credit services provider’s stock valued at $478,000 after acquiring an additional 1,576 shares during the last quarter. Koch Industries Inc. purchased a new stake in Total System Services during the 4th quarter valued at approximately $258,000. Caisse DE Depot ET Placement DU Quebec raised its stake in Total System Services by 23.5% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 141,865 shares of the credit services provider’s stock valued at $11,220,000 after acquiring an additional 27,000 shares during the last quarter. Finally, Truewealth LLC purchased a new stake in Total System Services during the 4th quarter valued at approximately $882,000. 76.51% of the stock is owned by institutional investors and hedge funds.
Several research firms have commented on TSS. ValuEngine raised Total System Services from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Barclays upped their price objective on Total System Services from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Tuesday, February 6th. Stifel Nicolaus reaffirmed a “hold” rating and set a $85.00 price objective on shares of Total System Services in a research note on Wednesday, January 24th. Nomura upped their price objective on Total System Services from $87.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Finally, Wells Fargo & Co set a $95.00 price objective on Total System Services and gave the company a “buy” rating in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $82.08.
Total System Services (NYSE:TSS) last released its quarterly earnings results on Tuesday, January 23rd. The credit services provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. The business had revenue of $870.61 million for the quarter, compared to analysts’ expectations of $848.20 million. Total System Services had a return on equity of 26.50% and a net margin of 11.90%. The company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 EPS. research analysts anticipate that Total System Services, Inc. will post 3.96 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 22nd will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Wednesday, March 21st. Total System Services’s dividend payout ratio is currently 16.46%.
In related news, Director Philip W. Tomlinson sold 234,759 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $88.49, for a total value of $20,773,823.91. Following the sale, the director now owns 331,250 shares in the company, valued at approximately $29,312,312.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Richard W. Ussery sold 7,546 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $88.29, for a total value of $666,236.34. The disclosure for this sale can be found here. In the last 90 days, insiders sold 668,040 shares of company stock worth $57,801,110. Insiders own 2.60% of the company’s stock.
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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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