GHP Investment Advisors Inc. grew its stake in shares of Total System Services, Inc. (NYSE:TSS) by 5.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,373 shares of the credit services provider’s stock after acquiring an additional 840 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Total System Services were worth $1,295,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new position in shares of Total System Services during the 4th quarter valued at about $109,000. Tower Research Capital LLC TRC increased its stake in shares of Total System Services by 463.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,295 shares of the credit services provider’s stock valued at $181,000 after acquiring an additional 1,888 shares during the last quarter. Two Sigma Securities LLC acquired a new position in shares of Total System Services during the 4th quarter valued at about $203,000. Cahaba Wealth Management Inc. acquired a new position in shares of Total System Services during the 4th quarter valued at about $208,000. Finally, IBM Retirement Fund acquired a new position in shares of Total System Services during the 4th quarter valued at about $212,000. 76.51% of the stock is owned by institutional investors.
TSS has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Total System Services from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Friday, December 15th. Morgan Stanley reissued a “hold” rating on shares of Total System Services in a research report on Thursday, November 16th. Wells Fargo & Co set a $95.00 target price on shares of Total System Services and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Mizuho reissued a “hold” rating and set a $80.00 target price on shares of Total System Services in a research report on Monday, December 18th. Finally, Robert W. Baird reissued a “buy” rating and set a $84.00 target price on shares of Total System Services in a research report on Friday, December 15th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average 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 the Zacks’ consensus estimate of $0.79 by $0.03. The firm had revenue of $870.61 million during 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%. Total System Services’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 EPS. equities analysts forecast that Total System Services, Inc. will post 3.96 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders 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 yield of 0.58%. The ex-dividend date of this dividend is Wednesday, March 21st. Total System Services’s dividend payout ratio is presently 16.46%.
In other news, EVP Dorenda K. Weaver sold 2,686 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $87.81, for a total transaction of $235,857.66. Following the completion of the transaction, the executive vice president now directly owns 49,367 shares in the company, valued at approximately $4,334,916.27. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Dorenda K. Weaver sold 24,160 shares of the stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $90.11, for a total value of $2,177,057.60. Following the transaction, the chief accounting officer now owns 54,969 shares of the company’s stock, valued at $4,953,256.59. The disclosure for this sale can be found here. In the last 90 days, insiders sold 692,200 shares of company stock valued at $59,978,168. 2.60% of the stock is owned by company insiders.
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Total System Services Company Profile
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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