Janney Montgomery Scott LLC Invests $205,000 in Total System Services Inc. (TSS)
Janney Montgomery Scott LLC bought a new position in shares of Total System Services Inc. (NYSE:TSS) during the second quarter, Holdings Channel reports. The firm bought 4,120 shares of the company’s stock, valued at approximately $205,000.
Other hedge funds have also recently modified their holdings of the company. State Street Corp increased its position in Total System Services by 0.7% in the first quarter. State Street Corp now owns 6,737,142 shares of the company’s stock worth $320,552,000 after buying an additional 46,448 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in Total System Services by 0.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,534,008 shares of the company’s stock worth $215,728,000 after buying an additional 29,043 shares during the period. Boston Partners increased its position in Total System Services by 6.4% in the second quarter. Boston Partners now owns 4,289,546 shares of the company’s stock worth $227,818,000 after buying an additional 258,848 shares during the period. Norges Bank bought a new position in Total System Services during the fourth quarter worth about $83,595,000. Finally, Geode Capital Management LLC increased its position in Total System Services by 1.0% in the first quarter. Geode Capital Management LLC now owns 1,453,291 shares of the company’s stock worth $69,015,000 after buying an additional 14,368 shares during the period. 71.93% of the stock is owned by institutional investors and hedge funds.
Total System Services Inc. (NYSE:TSS) traded up 0.06% on Tuesday, hitting $46.58. 1,099,730 shares of the stock traded hands. Total System Services Inc. has a 52-week low of $37.47 and a 52-week high of $56.69. The stock has a market cap of $8.56 billion, a price-to-earnings ratio of 23.73 and a beta of 1.15. The company’s 50 day moving average price is $48.74 and its 200-day moving average price is $50.50.
Total System Services (NYSE:TSS) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.02. Total System Services had a net margin of 10.97% and a return on equity of 23.58%. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the company posted $0.58 earnings per share. The business’s revenue for the quarter was up 66.2% on a year-over-year basis. On average, analysts forecast that Total System Services Inc. will post $2.81 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 22nd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Tuesday, September 20th. Total System Services’s dividend payout ratio is currently 20.30%.
A number of equities analysts have issued reports on TSS shares. Zacks Investment Research downgraded Total System Services from a “buy” rating to a “hold” rating in a research note on Friday, July 29th. Robert W. Baird upgraded Total System Services from a “neutral” rating to an “outperform” rating and set a $60.00 price target for the company in a research note on Friday, August 12th. Morgan Stanley reiterated a “hold” rating and set a $54.00 price target on shares of Total System Services in a research note on Thursday, July 28th. First Analysis upgraded Total System Services from an “equal weight” rating to an “overweight” rating and set a $62.00 target price on the stock in a research note on Thursday, July 28th. Finally, Jefferies Group restated a “hold” rating and issued a $55.00 target price (up previously from $50.00) on shares of Total System Services in a research note on Thursday, July 28th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $52.67.
Total System Services Company Profile
Total System Services, Inc (TSYS) is a payment solutions provider that provides services to financial and nonfinancial institutions. The Company’s segments include North America Services, Merchant Services, NetSpend and International Services. The Company also provides processing services, acquiring solutions, related systems and integrated support services to merchant acquirers and merchants.
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