Summit Global Investments decreased its stake in shares of Total System Services, Inc. (NYSE:TSS) by 15.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,236 shares of the credit services provider’s stock after selling 8,973 shares during the period. Summit Global Investments’ holdings in Total System Services were worth $2,868,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in TSS. BlackRock Inc. increased its position in Total System Services by 2,540.3% during the first quarter. BlackRock Inc. now owns 11,122,344 shares of the credit services provider’s stock worth $594,599,000 after buying an additional 10,701,089 shares in the last quarter. FMR LLC increased its position in Total System Services by 14.8% during the first quarter. FMR LLC now owns 11,224,948 shares of the credit services provider’s stock worth $600,086,000 after buying an additional 1,447,047 shares in the last quarter. Point72 Asset Management L.P. increased its position in Total System Services by 71.6% during the first quarter. Point72 Asset Management L.P. now owns 2,386,830 shares of the credit services provider’s stock worth $127,600,000 after buying an additional 996,260 shares in the last quarter. Wellington Management Group LLP increased its position in Total System Services by 23.4% during the first quarter. Wellington Management Group LLP now owns 4,353,926 shares of the credit services provider’s stock worth $232,761,000 after buying an additional 824,600 shares in the last quarter. Finally, Glenview Capital Management LLC purchased a new position in Total System Services during the first quarter worth $39,167,000. 76.14% of the stock is owned by institutional investors.

In other Total System Services news, Director Philip W. Tomlinson sold 220,974 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $63.65, for a total transaction of $14,064,995.10. Following the completion of the sale, the director now directly owns 326,200 shares in the company, valued at $20,762,630. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Paul M. Todd sold 4,057 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $63.50, for a total transaction of $257,619.50. The disclosure for this sale can be found here. Insiders have sold 243,503 shares of company stock valued at $15,490,969 over the last 90 days. Corporate insiders own 2.60% of the company’s stock.

Several research firms have weighed in on TSS. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Total System Services in a research report on Thursday, July 27th. Cowen and Company reissued a “buy” rating and set a $67.00 price target on shares of Total System Services in a research report on Thursday. Wedbush began coverage on Total System Services in a research report on Thursday, August 3rd. They set an “outperform” rating and a $72.00 price target for the company. BMO Capital Markets reissued an “outperform” rating and set a $67.00 price target (up previously from $64.00) on shares of Total System Services in a research report on Thursday, June 22nd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $67.00 price target (up previously from $65.00) on shares of Total System Services in a research report on Thursday, July 13th. Seven research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Total System Services currently has a consensus rating of “Buy” and a consensus target price of $65.05.

Shares of Total System Services, Inc. (NYSE TSS) traded up 0.71% on Monday, reaching $69.97. The company had a trading volume of 146,990 shares. The company has a 50 day moving average price of $65.55 and a 200 day moving average price of $58.87. The stock has a market capitalization of $12.89 billion, a PE ratio of 33.95 and a beta of 1.13. Total System Services, Inc. has a 52-week low of $46.22 and a 52-week high of $70.62.

Total System Services (NYSE:TSS) last posted its earnings results on Tuesday, July 25th. The credit services provider reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.05. The firm had revenue of $844.07 million for the quarter, compared to the consensus estimate of $842.57 million. Total System Services had a net margin of 8.78% and a return on equity of 25.49%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 earnings per share. On average, equities research analysts anticipate that Total System Services, Inc. will post $3.28 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 29th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.75%. This is a boost from Total System Services’s previous quarterly dividend of $0.10. The ex-dividend date is Wednesday, September 20th. Total System Services’s dividend payout ratio is 19.51%.

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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.

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

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