Total System Services, Inc. (TSS) Position Held by HighPoint Advisor Group LLC
HighPoint Advisor Group LLC continued to hold its position in Total System Services, Inc. (NYSE:TSS) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,809 shares of the credit services provider’s stock at the close of the second quarter. HighPoint Advisor Group LLC’s holdings in Total System Services were worth $757,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. lifted its holdings in Total System Services by 13.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,959 shares of the credit services provider’s stock valued at $114,000 after purchasing an additional 228 shares in the last quarter. Acrospire Investment Management LLC lifted its holdings in Total System Services by 122.2% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,000 shares of the credit services provider’s stock valued at $117,000 after purchasing an additional 1,100 shares in the last quarter. TLP Group LLC purchased a new position in Total System Services in the 2nd quarter valued at about $122,000. Pacer Advisors Inc. lifted its holdings in Total System Services by 3.4% in the 1st quarter. Pacer Advisors Inc. now owns 3,597 shares of the credit services provider’s stock valued at $192,000 after purchasing an additional 119 shares in the last quarter. Finally, Doyle Wealth Management purchased a new position in Total System Services in the 2nd quarter valued at about $205,000. Institutional investors own 76.13% of the company’s stock.
Total System Services, Inc. (NYSE TSS) traded up 0.34% during mid-day trading on Thursday, reaching $67.80. 728,354 shares of the company were exchanged. The stock’s 50-day moving average is $67.37 and its 200-day moving average is $60.97. The company has a market cap of $12.49 billion, a P/E ratio of 32.90 and a beta of 1.12. Total System Services, Inc. has a 12 month low of $46.22 and a 12 month high of $70.62.
Total System Services (NYSE:TSS) last announced its quarterly earnings results on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.05. The business had revenue of $844.07 million during the quarter, compared to analyst estimates of $842.57 million. Total System Services had a return on equity of 25.49% and a net margin of 8.78%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.74 EPS. Equities analysts expect 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 was paid on Monday, October 2nd. Stockholders of record on Friday, September 29th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.77%. This is a positive change from Total System Services’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Wednesday, September 20th. Total System Services’s 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 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP G Sanders Griffith III sold 18,472 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $63.25, for a total value of $1,168,354.00. Following the completion of the transaction, the executive vice president now directly owns 187,684 shares in the company, valued at $11,871,013. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 243,503 shares of company stock valued at $15,490,969. 2.60% of the stock is owned by corporate insiders.
A number of research firms have issued reports on TSS. Barclays PLC upped their target price on shares of Total System Services from $72.00 to $78.00 and gave the company an “overweight” rating in a report on Wednesday. Robert W. Baird restated a “buy” rating and issued a $76.00 target price on shares of Total System Services in a report on Thursday. Jefferies Group LLC restated a “hold” rating and issued a $59.00 target price on shares of Total System Services in a report on Thursday. Mizuho began coverage on shares of Total System Services in a report on Tuesday, June 27th. They issued a “neutral” rating and a $63.00 target price on the stock. Finally, Wedbush began coverage on shares of Total System Services in a report on Thursday, August 3rd. They issued an “outperform” rating and a $72.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $66.43.
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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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