Robeco Institutional Asset Management B.V. Reduces Stake in Total System Services Inc. (TSS)
Robeco Institutional Asset Management B.V. decreased its position in Total System Services Inc. (NYSE:TSS) by 3.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,489,313 shares of the company’s stock after selling 47,847 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.81% of Total System Services worth $79,098,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kanaly Trust Co increased its position in Total System Services by 66.7% in the second quarter. Kanaly Trust Co now owns 2,400 shares of the company’s stock worth $127,000 after buying an additional 960 shares during the period. CWM LLC purchased a new position in Total System Services during the second quarter worth $159,000. Optimum Investment Advisors increased its position in Total System Services by 7.0% in the first quarter. Optimum Investment Advisors now owns 6,125 shares of the company’s stock worth $291,000 after buying an additional 400 shares during the period. Dalton Greiner Hartman Maher & Co. increased its position in Total System Services by 1.0% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 6,488 shares of the company’s stock worth $345,000 after buying an additional 67 shares during the period. Finally, Raymond James Trust N.A. increased its position in Total System Services by 51.8% in the second quarter. Raymond James Trust N.A. now owns 6,561 shares of the company’s stock worth $348,000 after buying an additional 2,240 shares during the period. 71.50% of the stock is currently owned by institutional investors and hedge funds.
Total System Services Inc. (NYSE:TSS) traded up 0.92% during midday trading on Friday, hitting $47.15. The company’s stock had a trading volume of 1,862,688 shares. Total System Services Inc. has a 12 month low of $37.47 and a 12 month high of $56.69. The firm has a market cap of $8.67 billion, a P/E ratio of 24.02 and a beta of 1.15. The company’s 50 day moving average price is $48.30 and its 200 day moving average price is $50.59.
Total System Services (NYSE:TSS) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.02. The company earned $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. Total System Services had a net margin of 10.97% and a return on equity of 23.58%. The firm’s quarterly revenue was up 66.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.58 earnings per share. Analysts expect that Total System Services Inc. will post $2.81 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 22nd will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Tuesday, September 20th. Total System Services’s dividend payout ratio (DPR) is currently 20.30%.
A number of research analysts recently weighed in on the company. Barclays PLC reaffirmed a “buy” rating on shares of Total System Services in a research note on Saturday, July 9th. Citigroup Inc. upped their price target on Total System Services from $61.00 to $63.00 and gave the stock a “buy” rating in a research note on Monday, June 13th. Credit Suisse Group AG set a $58.00 price objective on Total System Services and gave the stock a “hold” rating in a report on Wednesday, July 27th. Jefferies Group reissued a “hold” rating and set a $55.00 price objective (up from $50.00) on shares of Total System Services in a report on Thursday, July 28th. Finally, First Analysis raised Total System Services from an “equal weight” rating to an “overweight” rating and set a $62.00 price objective for the company in a report on Thursday, July 28th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $52.67.
Total System Services Company Profile
Total System Services, Inc (TSYS) is a payment solutions provider that provides services to financial and nonfinancial institutions. The Company’s segments include North America Services, Merchant Services, NetSpend and International Services. The Company also provides processing services, acquiring solutions, related systems and integrated support services to merchant acquirers and merchants.
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