Greatmark Investment Partners Inc. lowered its position in Total System Services, Inc. (NYSE:TSS) by 1.0% during the second quarter, Holdings Channel reports. The fund owned 50,154 shares of the credit services provider’s stock after selling 500 shares during the period. Total System Services comprises 1.2% of Greatmark Investment Partners Inc.’s holdings, making the stock its 29th largest position. Greatmark Investment Partners Inc.’s holdings in Total System Services were worth $2,921,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the company. Advisory Services Network LLC acquired a new stake in shares of Total System Services during the first quarter worth $169,000. Pacer Advisors Inc. boosted its stake in shares of Total System Services by 3.4% in the first quarter. Pacer Advisors Inc. now owns 3,597 shares of the credit services provider’s stock worth $192,000 after buying an additional 119 shares during the last quarter. Oakworth Capital Inc. boosted its stake in shares of Total System Services by 4,788.2% in the first quarter. Oakworth Capital Inc. now owns 3,715 shares of the credit services provider’s stock worth $199,000 after buying an additional 3,639 shares during the last quarter. Doyle Wealth Management acquired a new stake in shares of Total System Services during the second quarter worth $205,000. Finally, OLD National Bancorp IN acquired a new stake in shares of Total System Services during the first quarter worth $206,000. Hedge funds and other institutional investors own 75.26% of the company’s stock.
Shares of Total System Services, Inc. (NYSE:TSS) opened at 64.18 on Tuesday. Total System Services, Inc. has a 52-week low of $46.22 and a 52-week high of $64.94. The stock has a market cap of $11.82 billion, a P/E ratio of 31.26 and a beta of 1.14. The firm has a 50-day moving average of $60.20 and a 200-day moving average of $56.34.
Total System Services (NYSE:TSS) last released 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. The company had revenue of $844.07 million during the quarter, compared to analysts’ expectations of $842.57 million. Total System Services had a net margin of 8.78% and a return on equity of 25.49%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.74 earnings per share. On average, equities analysts expect that Total System Services, Inc. will post $3.28 EPS 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 issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Wednesday, September 20th. This is a boost from Total System Services’s previous quarterly dividend of $0.10. Total System Services’s dividend payout ratio is 19.51%.
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A number of analysts recently weighed in on TSS shares. Instinet raised their target price on shares of 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 shares of Total System Services and gave the stock a “buy” rating in a report on Wednesday, April 26th. Zacks Investment Research upgraded shares of Total System Services from a “sell” rating to a “buy” rating and set a $59.00 target price for the company in a report on Wednesday, April 12th. Goldman Sachs Group, Inc. (The) upgraded shares of Total System Services from a “neutral” rating to a “buy” rating in a report on Monday, May 15th. Finally, BidaskClub upgraded shares of Total System Services from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Seven analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $63.85.
In related news, EVP G Sanders Griffith III sold 18,472 shares of the stock in a transaction on Friday, July 28th. The shares were sold at an average price of $63.25, for a total transaction of $1,168,354.00. Following the completion of the transaction, the executive vice president now owns 187,684 shares in the company, valued at $11,871,013. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Philip W. Tomlinson sold 220,974 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $63.65, for a total transaction of $14,064,995.10. Following the transaction, the director now 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 sold 287,446 shares of company stock valued at $18,074,469 in the last quarter. Corporate insiders own 2.60% of the company’s stock.
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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