Trexquant Investment LP decreased its stake in Total System Services, Inc. (NYSE:TSS) by 55.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 13,200 shares of the credit services provider’s stock after selling 16,400 shares during the period. Trexquant Investment LP’s holdings in Total System Services were worth $769,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TSS. Macquarie Group Ltd. boosted its stake in Total System Services by 34.6% in the fourth quarter. Macquarie Group Ltd. now owns 12,800 shares of the credit services provider’s stock valued at $628,000 after buying an additional 3,291 shares during the period. Chevy Chase Trust Holdings Inc. boosted its stake in Total System Services by 2.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 142,255 shares of the credit services provider’s stock valued at $7,605,000 after buying an additional 4,013 shares during the period. Gulf International Bank UK Ltd boosted its stake in Total System Services by 1.7% in the first quarter. Gulf International Bank UK Ltd now owns 54,542 shares of the credit services provider’s stock valued at $2,915,000 after buying an additional 900 shares during the period. Bank of Montreal Can boosted its stake in Total System Services by 10.0% in the first quarter. Bank of Montreal Can now owns 318,717 shares of the credit services provider’s stock valued at $17,039,000 after buying an additional 28,909 shares during the period. Finally, First National Bank of Omaha boosted its stake in Total System Services by 11.2% in the first quarter. First National Bank of Omaha now owns 89,772 shares of the credit services provider’s stock valued at $4,799,000 after buying an additional 9,021 shares during the period. Institutional investors own 75.26% of the company’s stock.

Total System Services, Inc. (TSS) opened at 63.43 on Friday. The company has a market capitalization of $11.69 billion, a price-to-earnings ratio of 30.78 and a beta of 1.14. Total System Services, Inc. has a 52-week low of $46.22 and a 52-week high of $64.94. The company’s 50 day moving average is $61.16 and its 200-day moving average is $56.79.

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, topping the Zacks’ consensus estimate of $0.80 by $0.05. The company had revenue of $844.07 million for the quarter, compared to analysts’ expectations of $842.57 million. Total System Services had a net margin of 8.78% and a return on equity of 25.49%. Total System Services’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.74 EPS. Equities analysts anticipate that Total System Services, Inc. will post $3.28 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors 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 is Wednesday, September 20th. This represents a $0.52 dividend on an annualized basis and a yield of 0.82%. Total System Services’s payout ratio is presently 19.51%.

WARNING: “Total System Services, Inc. (TSS) Stake Decreased by Trexquant Investment LP” was first posted by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another website, it was illegally stolen and reposted in violation of US and international copyright laws. The legal version of this news story can be accessed at https://www.dailypolitical.com/2017/08/11/total-system-services-inc-tss-stake-decreased-by-trexquant-investment-lp.html.

TSS has been the subject of several recent analyst reports. Pacific Crest reiterated an “overweight” rating and set a $58.00 price objective on shares of Total System Services in a research report on Monday, April 24th. Stifel Nicolaus set a $65.00 target price on shares of Total System Services and gave the stock a “buy” rating in a research note on Wednesday, April 26th. First Analysis lowered shares of Total System Services from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $60.00 to $63.00 in a research note on Wednesday, May 3rd. They noted that the move was a valuation call. Goldman Sachs Group, Inc. (The) raised shares of Total System Services from a “neutral” rating to a “buy” rating and increased their target price for the stock from $60.00 to $68.00 in a research note on Monday, May 8th. Finally, Barclays PLC increased their target price on shares of Total System Services from $65.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, May 25th. Seven analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $63.85.

In related news, Director Richard W. Ussery sold 48,000 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $59.19, for a total value of $2,841,120.00. Following the transaction, the director now owns 219,968 shares in the company, valued at approximately $13,019,905.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Philip W. Tomlinson sold 220,974 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $63.65, for a total transaction of $14,064,995.10. Following the completion of the transaction, the director now owns 326,200 shares in the company, valued at approximately $20,762,630. The disclosure for this sale can be found here. In the last quarter, insiders sold 287,446 shares of company stock worth $18,074,469. 2.60% of the stock is currently owned by company insiders.

About Total System Services

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.

Want to see what other hedge funds are holding TSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Total System Services, Inc. (NYSE:TSS).

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

Receive News & Ratings for Total System Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Total System Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.