Altavista Wealth Management Inc. bought a new stake in shares of Total System Services, Inc. (NYSE:TSS) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,418 shares of the credit services provider’s stock, valued at approximately $290,000.

A number of other large investors have also recently modified their holdings of TSS. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Total System Services during the fourth quarter valued at about $111,000. Advisory Services Network LLC purchased a new stake in shares of Total System Services during the first quarter valued at about $169,000. Pacer Advisors Inc. increased 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 valued at $192,000 after buying an additional 119 shares during the period. Federated Investors Inc. PA increased its stake in shares of Total System Services by 11.0% in the fourth quarter. Federated Investors Inc. PA now owns 3,935 shares of the credit services provider’s stock valued at $193,000 after buying an additional 391 shares during the period. Finally, Oakworth Capital Inc. increased 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 valued at $199,000 after buying an additional 3,639 shares during the period. Institutional investors and hedge funds own 75.42% of the company’s stock.

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

Shares of Total System Services, Inc. (TSS) remained flat at $58.79 on Wednesday. The company had a trading volume of 888,876 shares. The firm has a market capitalization of $10.82 billion, a PE ratio of 32.43 and a beta of 1.11. Total System Services, Inc. has a one year low of $46.22 and a one year high of $60.64. The stock has a 50 day moving average price of $58.77 and a 200 day moving average price of $54.28.

Total System Services (NYSE:TSS) last announced its quarterly earnings results on Tuesday, April 25th. The credit services provider reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.02. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Total System Services had a net margin of 7.86% and a return on equity of 25.16%. Total System Services’s revenue was up 62.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.66 EPS. Equities research analysts predict that Total System Services, Inc. will post $3.24 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Thursday, June 22nd will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Tuesday, June 20th. Total System Services’s payout ratio is currently 22.10%.

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Several brokerages recently issued reports on TSS. First Analysis downgraded shares of Total System Services from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $60.00 to $63.00 in a research note on Wednesday, May 3rd. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Total System Services from a “buy” rating to a “hold” rating in a research note on Tuesday, February 28th. Barclays PLC reiterated an “overweight” rating and issued a $72.00 target price (up from $67.00) on shares of Total System Services in a research note on Sunday, June 11th. Instinet raised their target price on shares of Total System Services from $61.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, June 6th. Finally, BidaskClub cut shares of Total System Services from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $61.41.

In related news, Chairman M Troy Woods sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $57.30, for a total transaction of $372,450.00. Following the sale, the chairman now directly owns 285,966 shares in the company, valued at approximately $16,385,851.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard W. Ussery sold 48,000 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $59.19, for a total transaction of $2,841,120.00. Following the sale, the director now owns 219,968 shares in the company, valued at $13,019,905.92. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

About Total System Services

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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