Total System Services, Inc. (TSS) Hits New 52-Week High at $65.74
Total System Services, Inc. (NYSE:TSS)’s share price hit a new 52-week high on Monday . The company traded as high as $65.74 and last traded at $65.68, with a volume of 461,515 shares. The stock had previously closed at $64.95.
A number of equities analysts have recently weighed in on the company. BidaskClub upgraded Total System Services from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Wedbush reiterated an “outperform” rating and set a $72.00 target price on shares of Total System Services in a research note on Wednesday, August 9th. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Total System Services in a research note on Thursday, July 27th. BMO Capital Markets increased their target price on Total System Services from $62.90 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 26th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $65.00 target price (up previously from $57.00) on shares of Total System Services in a research note on Wednesday, July 26th. Seven equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $64.05.
The company has a 50-day moving average price of $62.36 and a 200-day moving average price of $57.53. The company has a market cap of $12.22 billion, a PE ratio of 32.18 and a beta of 1.14.
Total System Services (NYSE:TSS) last issued its earnings results on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.05. Total System Services had a net margin of 8.78% and a return on equity of 25.49%. The business had revenue of $844.07 million for the quarter, compared to analysts’ expectations of $842.57 million. During the same quarter in the previous year, the firm posted $0.74 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. Equities research analysts forecast that Total System Services, Inc. will post $3.28 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 29th will be issued a $0.13 dividend. The ex-dividend date is Wednesday, September 20th. This represents a $0.52 annualized dividend and a dividend yield of 0.78%. This is a boost from Total System Services’s previous quarterly dividend of $0.10. Total System Services’s dividend payout ratio is presently 19.51%.
In other news, CFO Paul M. Todd sold 4,057 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $63.50, for a total value of $257,619.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP G Sanders Griffith III sold 18,472 shares of the company’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $63.25, for a total transaction of $1,168,354.00. Following the completion of the transaction, the executive vice president now directly owns 187,684 shares in the company, valued at approximately $11,871,013. The disclosure for this sale can be found here. In the last ninety days, insiders sold 291,503 shares of company stock worth $18,332,089. Insiders own 2.60% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Altavista Wealth Management Inc. purchased a new position in Total System Services during the first quarter valued at $290,000. Rothschild Asset Management Inc. purchased a new position in Total System Services during the first quarter valued at $390,000. Glen Harbor Capital Management LLC boosted its position in Total System Services by 23.1% in the first quarter. Glen Harbor Capital Management LLC now owns 29,344 shares of the credit services provider’s stock valued at $1,569,000 after buying an additional 5,516 shares during the last quarter. Tudor Investment Corp ET AL boosted its position in Total System Services by 5.8% in the first quarter. Tudor Investment Corp ET AL now owns 529,019 shares of the credit services provider’s stock valued at $28,281,000 after buying an additional 28,923 shares during the last quarter. Finally, DnB Asset Management AS boosted its position in Total System Services by 20.0% in the first quarter. DnB Asset Management AS now owns 18,036 shares of the credit services provider’s stock valued at $964,000 after buying an additional 3,000 shares during the last quarter. 75.66% of the stock is currently owned by hedge funds and other institutional investors.
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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.