BlackRock Inc. trimmed its position in shares of Total System Services, Inc. (NYSE:TSS) by 3.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,755,661 shares of the credit services provider’s stock after selling 366,683 shares during the period. BlackRock Inc. owned 5.84% of Total System Services worth $626,517,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TSS. Ameriprise Financial Inc. grew its position in Total System Services by 422.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,395,728 shares of the credit services provider’s stock worth $256,053,000 after purchasing an additional 3,553,887 shares in the last quarter. FMR LLC grew 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 purchasing an additional 1,447,047 shares in the last quarter. Point72 Asset Management L.P. grew its position in Total System Services by 71.6% during the 1st quarter. Point72 Asset Management L.P. now owns 2,386,830 shares of the credit services provider’s stock worth $127,600,000 after purchasing an additional 996,260 shares in the last quarter. Wellington Management Group LLP grew its position in Total System Services by 23.4% during the 1st quarter. Wellington Management Group LLP now owns 4,353,926 shares of the credit services provider’s stock worth $232,761,000 after purchasing an additional 824,600 shares in the last quarter. Finally, Glenview Capital Management LLC purchased a new position in Total System Services during the 1st quarter worth approximately $39,167,000. Hedge funds and other institutional investors own 76.13% of the company’s stock.

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TSS has been the topic of several research analyst reports. BidaskClub upgraded shares of Total System Services from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Zacks Investment Research upgraded shares of Total System Services from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research report on Friday, July 14th. Stifel Nicolaus reiterated a “buy” rating and set a $67.00 price objective (up from $65.00) on shares of Total System Services in a research report on Thursday, July 13th. Instinet lifted their price objective on shares of Total System Services from $61.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, June 6th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Total System Services in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Total System Services currently has a consensus rating of “Buy” and a consensus target price of $65.15.

Shares of Total System Services, Inc. (NYSE TSS) opened at 68.81 on Friday. Total System Services, Inc. has a 1-year low of $46.22 and a 1-year high of $70.62. The company has a 50 day moving average of $66.32 and a 200 day moving average of $59.51. The firm has a market cap of $12.68 billion, a price-to-earnings ratio of 33.39 and a beta of 1.13.

Total System Services (NYSE:TSS) last issued its quarterly earnings data on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $844.07 million during the quarter, compared to the consensus estimate of $842.57 million. During the same quarter in the prior year, the firm earned $0.74 earnings per share. The firm’s revenue was up 6.2% compared to the same quarter last year. On average, equities analysts forecast that Total System Services, Inc. will post $3.28 earnings per share for the current fiscal 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 given a dividend of $0.13 per share. This is an increase from Total System Services’s previous quarterly dividend of $0.10. The ex-dividend date is Wednesday, September 20th. This represents a $0.52 annualized dividend and a dividend yield of 0.76%. Total System Services’s dividend payout ratio is currently 25.37%.

In related news, CFO Paul M. Todd sold 4,057 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $63.50, for a total value of $257,619.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP G Sanders Griffith III sold 18,472 shares of the firm’s stock in a transaction on 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 completion of the transaction, the executive vice president now directly owns 187,684 shares of the company’s stock, valued at approximately $11,871,013. The disclosure for this sale can be found here. Insiders have sold 243,503 shares of company stock valued at $15,490,969 in the last three months. 2.60% of the stock is owned by insiders.

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.

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

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