Saratoga Research & Investment Management decreased its position in shares of 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 fund owned 375,794 shares of the company’s stock after selling 12,113 shares during the period. Total System Services accounts for approximately 1.8% of Saratoga Research & Investment Management’s portfolio, making the stock its 26th largest position. Saratoga Research & Investment Management owned 0.20% of Total System Services worth $19,958,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Kanaly Trust Co increased its stake in shares of Total System Services by 66.7% in the second quarter. Kanaly Trust Co now owns 2,400 shares of the company’s stock valued at $127,000 after buying an additional 960 shares during the period. CWM LLC purchased a new stake in shares of Total System Services during the second quarter valued at $159,000. FNY Managed Accounts LLC increased its stake in shares of Total System Services by 150.0% in the second quarter. FNY Managed Accounts LLC now owns 4,500 shares of the company’s stock valued at $239,000 after buying an additional 2,700 shares during the period. ClariVest Asset Management LLC purchased a new stake in shares of Total System Services during the second quarter valued at $269,000. Finally, Conning Inc. increased its stake in shares of Total System Services by 0.4% in the second quarter. Conning Inc. now owns 5,452 shares of the company’s stock valued at $290,000 after buying an additional 20 shares during the period. Hedge funds and other institutional investors own 71.48% of the company’s stock.

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

Total System Services Inc. (NYSE:TSS) traded down 0.40% during mid-day trading on Monday, hitting $47.01. 477,944 shares of the stock were exchanged. The company has a market cap of $8.64 billion, a P/E ratio of 23.95 and a beta of 1.18. The company has a 50-day moving average price of $48.07 and a 200-day moving average price of $50.69. Total System Services Inc. has a one year low of $37.47 and a one year high of $56.69.

Total System Services (NYSE:TSS) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.02. The firm earned $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Total System Services had a net margin of 10.97% and a return on equity of 23.58%. Total System Services’s quarterly revenue was up 66.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.58 EPS. Analysts forecast that Total System Services Inc. will post $2.81 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Thursday, September 22nd were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Tuesday, September 20th. Total System Services’s dividend payout ratio is currently 20.30%.

Several brokerages have weighed in on TSS. Jefferies Group restated a “hold” rating and issued a $55.00 target price (up from $50.00) on shares of Total System Services in a research note on Thursday, July 28th. Zacks Investment Research downgraded shares of Total System Services from a “buy” rating to a “hold” rating in a research note on Friday, July 29th. Citigroup Inc. lowered their target price on shares of Total System Services from $63.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, September 14th. Robert W. Baird upgraded shares of Total System Services from a “neutral” rating to an “outperform” rating and set a $60.00 target price for the company in a research note on Friday, August 12th. Finally, Barclays PLC reiterated a “buy” rating on shares of Total System Services in a research note on Saturday, July 9th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $52.78.

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.

5 Day Chart for NYSE:TSS

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