Patton Albertson Miller Group LLC held its stake in shares of Total System Services, Inc. (NYSE:TSS) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 8,055 shares of the credit services provider’s stock at the end of the second quarter. Patton Albertson Miller Group LLC’s holdings in Total System Services were worth $516,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Advisory Services Network LLC purchased a new stake in shares of Total System Services during the first quarter worth approximately $169,000. Pacer Advisors Inc. raised its stake in shares of Total System Services by 3.4% in the first quarter. Pacer Advisors Inc. now owns 3,597 shares of the credit services provider’s stock worth $192,000 after buying an additional 119 shares during the last quarter. Oakworth Capital Inc. raised its stake in shares of Total System Services by 4,788.2% in the first quarter. Oakworth Capital Inc. now owns 3,715 shares of the credit services provider’s stock worth $199,000 after buying an additional 3,639 shares during the last quarter. Doyle Wealth Management purchased a new stake in shares of Total System Services during the second quarter worth approximately $205,000. Finally, OLD National Bancorp IN purchased a new stake in shares of Total System Services during the first quarter worth approximately $206,000. Institutional investors own 75.26% of the company’s stock.

Total System Services, Inc. (NYSE TSS) opened at 63.43 on Friday. The company has a market cap of $11.69 billion, a PE ratio of 30.78 and a beta of 1.14. The stock’s 50 day moving average price is $61.16 and its 200 day moving average price is $56.79. Total System Services, Inc. has a 12-month low of $46.22 and a 12-month high of $64.94.

Total System Services (NYSE:TSS) last issued its quarterly earnings results on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.05. The company had revenue of $844.07 million during the quarter, compared to analysts’ expectations of $842.57 million. Total System Services had a return on equity of 25.49% and a net margin of 8.78%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.74 earnings per share. Equities research analysts anticipate that Total System Services, Inc. will post $3.28 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 29th will be paid a $0.13 dividend. This is a boost from Total System Services’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $0.52 annualized dividend and a dividend yield of 0.82%. Total System Services’s dividend payout ratio is presently 19.51%.

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A number of brokerages recently commented on TSS. Wedbush reiterated an “outperform” rating and issued a $72.00 price objective on shares of Total System Services in a research report on Wednesday. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Total System Services in a research report on Thursday, July 27th. BMO Capital Markets lifted their price objective on Total System Services from $62.90 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 26th. Deutsche Bank AG reiterated a “hold” rating and issued a $65.00 price objective (up from $57.00) on shares of Total System Services in a research report on Wednesday, July 26th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $63.00 price objective (up from $58.00) on shares of Total System Services in a research report on Wednesday, July 26th. Seven research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Total System Services has an average rating of “Buy” and an average target price of $63.85.

In other news, Director Richard W. Ussery sold 48,000 shares of the stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $59.19, for a total value of $2,841,120.00. Following the completion of the sale, the director now owns 219,968 shares of the company’s stock, valued at $13,019,905.92. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP G Sanders Griffith III sold 18,472 shares of the stock in a transaction dated 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 sale, 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. In the last three months, insiders sold 287,446 shares of company stock valued at $18,074,469. Insiders own 2.60% of the company’s stock.

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

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