Gotham Asset Management LLC lowered its stake in shares of Total System Services, Inc. (NYSE:TSS) by 51.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,694 shares of the credit services provider’s stock after selling 13,396 shares during the period. Gotham Asset Management LLC’s holdings in Total System Services were worth $679,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of Total System Services by 2,540.3% in the first quarter. BlackRock Inc. now owns 11,122,344 shares of the credit services provider’s stock valued at $594,599,000 after buying an additional 10,701,089 shares during the last quarter. Norges Bank bought a new stake in shares of Total System Services during the fourth quarter valued at approximately $87,693,000. FMR LLC increased its stake in shares of Total System Services by 14.8% in the first quarter. FMR LLC now owns 11,224,948 shares of the credit services provider’s stock valued at $600,086,000 after buying an additional 1,447,047 shares during the last quarter. Strs Ohio increased its stake in shares of Total System Services by 405.1% in the first quarter. Strs Ohio now owns 1,218,151 shares of the credit services provider’s stock valued at $65,122,000 after buying an additional 976,975 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Total System Services by 23.4% in the first quarter. Wellington Management Group LLP now owns 4,353,926 shares of the credit services provider’s stock valued at $232,761,000 after buying an additional 824,600 shares during the last quarter. Institutional investors and hedge funds own 75.21% of the company’s stock.

Shares of Total System Services, Inc. (TSS) traded up 0.05% on Thursday, hitting $63.72. The stock had a trading volume of 838,896 shares. Total System Services, Inc. has a 1-year low of $46.22 and a 1-year high of $64.94. The stock has a market cap of $11.73 billion, a P/E ratio of 31.08 and a beta of 1.14. The firm’s 50-day moving average is $60.20 and its 200 day moving average is $56.34.

Total System Services (NYSE:TSS) last announced its quarterly earnings data on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.05. Total System Services had a net margin of 8.78% and a return on equity of 25.49%. The firm had revenue of $844.07 million for the quarter, compared to analyst estimates of $842.57 million. During the same quarter in the prior year, the business earned $0.74 earnings per share. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. Equities analysts forecast that Total System Services, Inc. will post $3.28 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 29th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $0.52 annualized dividend and a dividend yield of 0.82%. This is a positive change from Total System Services’s previous quarterly dividend of $0.10. Total System Services’s dividend payout ratio is currently 19.51%.

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TSS has been the topic of several analyst reports. Northcoast Research initiated coverage on Total System Services in a report on Friday, June 30th. They set a “neutral” rating on the stock. Zacks Investment Research upgraded Total System Services from a “sell” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Wednesday, April 12th. Goldman Sachs Group, Inc. (The) upgraded Total System Services from a “neutral” rating to a “buy” rating and raised their target price for the company from $60.00 to $68.00 in a report on Monday, May 8th. BMO Capital Markets reiterated an “outperform” rating and set a $67.00 target price (up from $64.00) on shares of Total System Services in a report on Thursday, June 22nd. Finally, First Analysis downgraded Total System Services from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $60.00 to $63.00 in a report on Wednesday, May 3rd. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $63.42.

In other news, EVP G Sanders Griffith III sold 18,472 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 187,684 shares in the company, valued at $11,871,013. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard W. Ussery sold 48,000 shares of the company’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $59.19, for a total transaction of $2,841,120.00. Following the completion of the sale, the director now owns 219,968 shares in the company, valued at approximately $13,019,905.92. The disclosure for this sale can be found here. Insiders have sold 287,446 shares of company stock worth $18,074,469 in the last quarter. Company 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.

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

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