Sapphire Star Partners LP boosted its position in Total System Services, Inc. (NYSE:TSS) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,480 shares of the credit services provider’s stock after buying an additional 80 shares during the period. Sapphire Star Partners LP’s holdings in Total System Services were worth $258,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. DnB Asset Management AS increased its stake in shares of Total System Services by 20.0% in the first quarter. DnB Asset Management AS now owns 18,036 shares of the credit services provider’s stock worth $964,000 after buying an additional 3,000 shares during the last quarter. Parametrica Management Ltd bought a new stake in shares of Total System Services during the first quarter worth $245,000. TNB Financial bought a new stake in shares of Total System Services during the first quarter worth $882,000. First National Bank of Omaha increased its stake in shares of Total System Services by 11.2% in the first quarter. First National Bank of Omaha now owns 89,772 shares of the credit services provider’s stock worth $4,799,000 after buying an additional 9,021 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Total System Services by 10.0% in the first quarter. Bank of Montreal Can now owns 318,717 shares of the credit services provider’s stock worth $17,039,000 after buying an additional 28,909 shares in the last quarter. 75.17% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Total System Services, Inc. (TSS) traded up 0.26% on Friday, hitting $61.57. 893,619 shares of the stock traded hands. The firm has a market cap of $11.33 billion, a PE ratio of 33.96 and a beta of 1.12. Total System Services, Inc. has a 52-week low of $46.22 and a 52-week high of $61.90. The firm has a 50 day moving average price of $59.33 and a 200 day moving average price of $55.71.

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

The firm also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Thursday, June 22nd were paid a $0.10 dividend. The ex-dividend date was Tuesday, June 20th. This represents a $0.40 dividend on an annualized basis and a yield of 0.65%. Total System Services’s payout ratio is 22.10%.

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TSS has been the topic of a number of recent analyst reports. Northcoast Research initiated coverage on shares of Total System Services in a research note on Friday, June 30th. They issued a “neutral” rating on the stock. Goldman Sachs Group, Inc. (The) raised shares of Total System Services from a “neutral” rating to a “buy” rating in a research note on Monday, May 15th. Zacks Investment Research downgraded shares of Total System Services from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Stifel Nicolaus set a $65.00 target price on shares of Total System Services and gave the company a “buy” rating in a research note on Wednesday, April 26th. Finally, Pacific Crest reaffirmed an “overweight” rating and issued a $58.00 target price on shares of Total System Services in a research note on Monday, April 24th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $61.89.

In other Total System Services news, Director Richard W. Ussery sold 48,000 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $59.19, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman M Troy Woods sold 6,500 shares of the stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $57.30, for a total value of $372,450.00. Following the completion of the sale, the chairman now owns 285,966 shares in the company, valued at approximately $16,385,851.80. The disclosure for this sale can be found here. Company 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.

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

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