Total System Services Inc. (TSS) Shares Bought by Retirement Systems of Alabama
Retirement Systems of Alabama raised its stake in Total System Services Inc. (NYSE:TSS) by 92.4% during the second quarter, Holdings Channel reports. The institutional investor owned 164,635 shares of the company’s stock after buying an additional 79,081 shares during the period. Retirement Systems of Alabama’s holdings in Total System Services were worth $8,744,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Conning Inc. boosted its position in Total System Services by 0.4% in the second quarter. Conning Inc. now owns 5,452 shares of the company’s stock valued at $290,000 after buying an additional 20 shares in the last quarter. Strs Ohio boosted its position in Total System Services by 32.5% in the second quarter. Strs Ohio now owns 18,654 shares of the company’s stock valued at $990,000 after buying an additional 4,575 shares in the last quarter. Pitcairn Co. boosted its position in Total System Services by 17.0% in the second quarter. Pitcairn Co. now owns 17,712 shares of the company’s stock valued at $940,000 after buying an additional 2,577 shares in the last quarter. Bank of Montreal Can acquired a new position in Total System Services during the second quarter valued at about $5,350,000. Finally, Meeder Asset Management Inc. boosted its position in Total System Services by 1,042.6% in the second quarter. Meeder Asset Management Inc. now owns 8,992 shares of the company’s stock valued at $479,000 after buying an additional 8,205 shares in the last quarter. 71.50% of the stock is owned by institutional investors and hedge funds.
Shares of Total System Services Inc. (NYSE:TSS) traded down 1.50% during midday trading on Friday, reaching $47.29. The company’s stock had a trading volume of 1,908,674 shares. The stock’s 50 day moving average is $48.25 and its 200 day moving average is $50.68. Total System Services Inc. has a 12 month low of $37.47 and a 12 month high of $56.69. The stock has a market capitalization of $8.69 billion, a PE ratio of 24.09 and a beta of 1.18.
Total System Services (NYSE:TSS) last issued its 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 return on equity of 23.58% and a net margin of 10.97%. The company earned $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the firm posted $0.58 earnings per share. Total System Services’s quarterly revenue was up 66.2% compared to the same quarter last year. On average, analysts forecast that Total System Services Inc. will post $2.81 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Thursday, September 22nd were paid a $0.10 dividend. The ex-dividend date was Tuesday, September 20th. This represents a $0.40 dividend on an annualized basis and a yield of 0.85%. Total System Services’s payout ratio is currently 20.30%.
Several research analysts have recently issued reports on the company. Nomura reaffirmed a “buy” rating and set a $58.00 price objective on shares of Total System Services in a research report on Monday. Citigroup Inc. reduced their target price on Total System Services from $63.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, September 14th. Robert W. Baird raised Total System Services from a “neutral” rating to an “outperform” rating and set a $60.00 target price for the company in a report on Friday, August 12th. Zacks Investment Research downgraded Total System Services from a “buy” rating to a “hold” rating in a report on Friday, July 29th. Finally, Morgan Stanley reissued a “hold” rating and issued a $54.00 target price on shares of Total System Services in a report on Thursday, July 28th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $52.78.
About Total System Services
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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