Brant Point Investment Management LLC purchased a new position in shares of Total System Services, Inc. (NYSE:TSS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 30,000 shares of the credit services provider’s stock, valued at approximately $1,748,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Total System Services by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 16,006,463 shares of the credit services provider’s stock worth $855,707,000 after acquiring an additional 490,011 shares in the last quarter. Synovus Financial Corp lifted its position in Total System Services by 1.0% during the 2nd quarter. Synovus Financial Corp now owns 13,709,409 shares of the credit services provider’s stock worth $798,579,000 after acquiring an additional 134,998 shares in the last quarter. FMR LLC lifted its position in Total System Services by 14.8% during the 1st quarter. FMR LLC now owns 11,224,948 shares of the credit services provider’s stock worth $600,086,000 after acquiring an additional 1,447,047 shares in the last quarter. BlackRock Inc. lifted its position in Total System Services by 2,540.3% during the 1st quarter. BlackRock Inc. now owns 11,122,344 shares of the credit services provider’s stock worth $594,599,000 after acquiring an additional 10,701,089 shares in the last quarter. Finally, State Street Corp lifted its position in Total System Services by 0.9% during the 1st quarter. State Street Corp now owns 7,038,746 shares of the credit services provider’s stock worth $376,286,000 after acquiring an additional 62,264 shares in the last quarter. 76.13% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Total System Services, Inc. (NYSE:TSS) traded up 1.60% during midday trading on Thursday, hitting $68.53. The stock had a trading volume of 430,641 shares. The firm has a market cap of $12.63 billion, a PE ratio of 33.25 and a beta of 1.13. Total System Services, Inc. has a 12-month low of $46.22 and a 12-month high of $70.62. The firm has a 50-day moving average of $66.32 and a 200 day moving average of $59.51.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 29th will be given a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.77%. This is an increase from Total System Services’s previous quarterly dividend of $0.10. Total System Services’s dividend payout ratio (DPR) is currently 19.51%.

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

Several equities analysts recently commented on TSS shares. Zacks Investment Research lowered Total System Services from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Northcoast Research started coverage on Total System Services in a research report on Friday, June 30th. They set a “neutral” rating on the stock. BMO Capital Markets reissued an “outperform” rating and set a $67.00 price target (up from $64.00) on shares of Total System Services in a research report on Thursday, June 22nd. 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, September 7th. Finally, KeyCorp reissued an “overweight” rating on shares of Total System Services in a research report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Total System Services presently has a consensus rating of “Buy” and an average price target of $65.15.

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

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