Total System Services Inc. (TSS) Sees Large Volume Increase
Total System Services Inc. (NYSE:TSS) shares saw strong trading volume on Thursday . 2,674,870 shares were traded during trading, an increase of 135% from the previous session’s volume of 1,138,630 shares.The stock last traded at $52.30 and had previously closed at $51.33.
Several research firms recently issued reports on TSS. Barclays PLC reiterated a “buy” rating on shares of Total System Services in a research note on Saturday, July 9th. Nomura began coverage on shares of Total System Services in a research note on Tuesday, April 19th. They issued a “buy” rating and a $56.00 target price for the company. Morgan Stanley reiterated a “hold” rating on shares of Total System Services in a research note on Wednesday, April 27th. Credit Suisse Group AG reiterated a “hold” rating and issued a $56.00 target price on shares of Total System Services in a research note on Friday, April 29th. Finally, Compass Point boosted their target price on shares of Total System Services from $51.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, April 27th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $52.11.
The firm’s 50-day moving average is $53.13 and its 200 day moving average is $48.85. The stock has a market cap of $9.36 billion and a PE ratio of 25.91.
Total System Services (NYSE:TSS) last released its earnings results on Tuesday, July 26th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. The business earned $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the business posted $0.58 EPS. Total System Services’s revenue was up 66.2% compared to the same quarter last year. Equities analysts expect that Total System Services Inc. will post $2.81 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Thursday, June 23rd were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Tuesday, June 21st.
In other news, CAO Dorenda K. Weaver sold 10,802 shares of the firm’s stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $53.03, for a total value of $572,830.06. Following the completion of the transaction, the chief accounting officer now owns 61,946 shares in the company, valued at $3,284,996.38. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Philip W. Tomlinson sold 57,433 shares of the firm’s stock in a transaction on Friday, May 20th. The shares were sold at an average price of $53.90, for a total value of $3,095,638.70. Following the completion of the transaction, the director now owns 184,156 shares of the company’s stock, valued at approximately $9,926,008.40. The disclosure for this sale can be found here.
Several hedge funds and institutional investors have recently made changes to their positions in the stock. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position in shares of Total System Services by 6.1% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 22,108 shares of the company’s stock worth $1,101,000 after buying an additional 1,277 shares in the last quarter. BOKF NA boosted its position in shares of Total System Services by 7.8% in the fourth quarter. BOKF NA now owns 24,296 shares of the company’s stock worth $1,210,000 after buying an additional 1,751 shares in the last quarter. Utah Retirement Systems boosted its position in shares of Total System Services by 0.3% in the fourth quarter. Utah Retirement Systems now owns 29,627 shares of the company’s stock worth $1,476,000 after buying an additional 100 shares in the last quarter. UBS Oconnor LLC purchased a new position in shares of Total System Services during the fourth quarter worth $2,054,000. Finally, Airain ltd purchased a new position in shares of Total System Services during the fourth quarter worth $2,497,000.
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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