Pacer Advisors Inc. increased its holdings in Total System Services, Inc. (NYSE:TSS) by 8.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,891 shares of the credit services provider’s stock after buying an additional 294 shares during the period. Pacer Advisors Inc.’s holdings in Total System Services were worth $227,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Doyle Wealth Management purchased a new stake in shares of Total System Services in the second quarter worth $205,000. Texas Yale Capital Corp. purchased a new stake in shares of Total System Services in the second quarter worth $205,000. Palisades Hudson Asset Management L.P. purchased a new stake in shares of Total System Services in the second quarter worth $208,000. HL Financial Services LLC purchased a new stake in shares of Total System Services in the second quarter worth $209,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in shares of Total System Services in the first quarter worth $211,000. Institutional investors own 76.14% of the company’s stock.

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 sale, the executive vice president now directly owns 187,684 shares in the company, valued at approximately $11,871,013. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 a total of 243,503 shares of company stock worth $15,490,969 over the last 90 days. Corporate insiders own 2.60% of the company’s stock.

TSS has been the topic of a number of research reports. Bank of America Corporation initiated coverage on Total System Services in a research report on Tuesday. They set an “underperform” rating and a $64.00 price target on the stock. Cowen and Company restated a “buy” rating and set a $67.00 price target on shares of Total System Services in a research report on Thursday, September 7th. KeyCorp restated an “overweight” rating on shares of Total System Services in a research report on Thursday, August 31st. Zacks Investment Research upgraded Total System Services from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research report on Wednesday, August 30th. Finally, Royal Bank Of Canada initiated coverage on Total System Services in a research report on Monday, August 28th. They set an “outperform” rating and a $75.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $65.25.

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Total System Services, Inc. (NYSE TSS) opened at 66.70 on Friday. The stock’s 50 day moving average price is $66.18 and its 200-day moving average price is $59.28. Total System Services, Inc. has a 52 week low of $46.22 and a 52 week high of $70.62. The company has a market capitalization of $12.29 billion, a PE ratio of 32.36 and a beta of 1.13.

Total System Services (NYSE:TSS) last announced its earnings results on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.05. The firm had revenue of $844.07 million for the quarter, compared to analysts’ expectations 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 revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 EPS. On average, equities research analysts predict that Total System Services, Inc. will post $3.28 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 29th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.78%. 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 currently 19.51%.

Total System Services 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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