State of Tennessee Treasury Department Buys 257 Shares of Total System Services, Inc. (TSS)

State of Tennessee Treasury Department increased its stake in Total System Services, Inc. (NYSE:TSS) by 0.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,301 shares of the credit services provider’s stock after acquiring an additional 257 shares during the period. State of Tennessee Treasury Department’s holdings in Total System Services were worth $2,639,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Total System Services by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 16,006,463 shares of the credit services provider’s stock valued at $855,707,000 after acquiring an additional 490,011 shares during the last quarter. FMR LLC lifted its stake in shares of Total System Services by 14.8% in the 1st quarter. FMR LLC now owns 11,224,948 shares of the credit services provider’s stock valued at $600,086,000 after acquiring an additional 1,447,047 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Total System Services by 2,540.3% in the 1st quarter. BlackRock Inc. now owns 11,122,344 shares of the credit services provider’s stock valued at $594,599,000 after acquiring an additional 10,701,089 shares during the last quarter. State Street Corp lifted its stake in shares of Total System Services by 0.9% in the 1st quarter. State Street Corp now owns 7,038,746 shares of the credit services provider’s stock valued at $376,286,000 after acquiring an additional 62,264 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Total System Services by 23.4% in the 1st quarter. Wellington Management Group LLP now owns 4,353,926 shares of the credit services provider’s stock valued at $232,761,000 after acquiring an additional 824,600 shares during the last quarter. 76.14% of the stock is owned by institutional investors.

Total System Services, Inc. (NYSE:TSS) opened at 66.70 on Friday. The company has a market cap of $12.29 billion, a price-to-earnings ratio of 32.36 and a beta of 1.13. The stock has a 50 day moving average price of $66.18 and a 200 day moving average price of $59.28. Total System Services, Inc. has a 12 month low of $46.22 and a 12 month high of $70.62.

Total System Services (NYSE:TSS) last posted its quarterly earnings results on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.05. Total System Services had a net margin of 8.78% and a return on equity of 25.49%. The firm had revenue of $844.07 million during the quarter, compared to the consensus estimate of $842.57 million. During the same quarter in the previous year, the firm posted $0.74 earnings per share. The company’s revenue was up 6.2% on a year-over-year basis. Analysts anticipate that Total System Services, Inc. will post $3.28 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 29th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Wednesday, September 20th. This is an increase from Total System Services’s previous quarterly dividend of $0.10. Total System Services’s payout ratio is currently 19.51%.

In other news, CFO Paul M. Todd sold 4,057 shares of Total System Services stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $63.50, for a total transaction of $257,619.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Philip W. Tomlinson sold 220,974 shares of Total System Services stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $63.65, for a total transaction of $14,064,995.10. Following the sale, the director now directly owns 326,200 shares of the company’s stock, valued at approximately $20,762,630. The disclosure for this sale can be found here. Insiders have sold 243,503 shares of company stock valued at $15,490,969 in the last ninety days. Insiders own 2.60% of the company’s stock.

A number of equities research analysts have recently weighed in on TSS shares. Barclays PLC boosted their target price on Total System Services from $65.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, May 25th. Zacks Investment Research raised Total System Services from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research report on Wednesday, May 31st. Instinet upped their price target on Total System Services from $61.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, June 6th. BidaskClub lowered Total System Services from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $67.00 price target (up previously from $64.00) on shares of Total System Services in a research report on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen 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 a consensus price target of $65.25.

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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.

Institutional Ownership by Quarter for Total System Services (NYSE:TSS)

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