Bokf Na reduced its holdings in Total System Services, Inc. (NYSE:TSS) by 27.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,148 shares of the credit services provider’s stock after selling 7,160 shares during the quarter. Bokf Na’s holdings in Total System Services were worth $1,557,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of TSS. Oregon Public Employees Retirement Fund grew its position in shares of Total System Services by 6,655.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,932,374 shares of the credit services provider’s stock worth $36,000 after buying an additional 2,888,967 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Total System Services by 101.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,785,380 shares of the credit services provider’s stock worth $145,134,000 after buying an additional 900,074 shares during the last quarter. BlackRock Inc. boosted its position in shares of Total System Services by 4.9% during the third quarter. BlackRock Inc. now owns 12,662,032 shares of the credit services provider’s stock valued at $1,250,251,000 after purchasing an additional 593,390 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Total System Services by 699.1% during the third quarter. Renaissance Technologies LLC now owns 393,665 shares of the credit services provider’s stock valued at $38,870,000 after purchasing an additional 344,400 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Total System Services by 111.1% during the fourth quarter. Victory Capital Management Inc. now owns 621,028 shares of the credit services provider’s stock valued at $50,483,000 after purchasing an additional 326,872 shares in the last quarter. Hedge funds and other institutional investors own 77.40% of the company’s stock.
TSS stock opened at $94.35 on Friday. Total System Services, Inc. has a 1-year low of $75.58 and a 1-year high of $100.39. The company has a debt-to-equity ratio of 1.50, a current ratio of 2.21 and a quick ratio of 2.21. The firm has a market capitalization of $16.69 billion, a PE ratio of 22.15, a price-to-earnings-growth ratio of 1.66 and a beta of 1.11.
Total System Services (NYSE:TSS) last posted its quarterly earnings results on Tuesday, January 29th. The credit services provider reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.07. Total System Services had a return on equity of 30.94% and a net margin of 14.31%. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $968.62 million. As a group, research analysts anticipate that Total System Services, Inc. will post 4.64 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Thursday, March 21st will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Wednesday, March 20th. Total System Services’s dividend payout ratio is currently 12.21%.
In other news, EVP Patricia A. Watson sold 37,519 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $93.79, for a total value of $3,518,907.01. Following the completion of the transaction, the executive vice president now owns 23,450 shares in the company, valued at $2,199,375.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Dorenda K. Weaver sold 2,297 shares of the business’s stock in a transaction on Friday, February 8th. The stock was sold at an average price of $91.23, for a total value of $209,555.31. Following the completion of the transaction, the chief accounting officer now owns 49,489 shares of the company’s stock, valued at approximately $4,514,881.47. The disclosure for this sale can be found here. Insiders sold 109,640 shares of company stock valued at $10,098,506 in the last 90 days. Company insiders own 2.40% of the company’s stock.
Several equities research analysts recently weighed in on the company. Zacks Investment Research restated a “buy” rating and set a $91.00 price target on shares of Total System Services in a research report on Monday, December 31st. KeyCorp lowered their price objective on Total System Services from $110.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, January 2nd. Royal Bank of Canada lifted their price objective on Total System Services to $110.00 and gave the company an “in-line” rating in a research note on Wednesday, January 30th. Nomura reiterated a “buy” rating on shares of Total System Services in a research note on Thursday, January 31st. Finally, ValuEngine cut Total System Services from a “buy” rating to a “hold” rating in a research note on Friday, November 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. Total System Services has an average rating of “Buy” and a consensus target price of $98.53.
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About Total System Services
Total System Services, Inc provides payment processing, merchant, and related payment services to financial and nonfinancial institutions worldwide. The company operates through three segments: Issuer Solutions, Merchant Solutions, and Consumer Solutions. It offers general purpose reloadable prepaid and payroll cards, demand deposit accounts, and other financial service solutions to the underbanked and other consumers and businesses.
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