Total System Services, Inc. (TSS) Holdings Held by Eaton Vance Management
Eaton Vance Management maintained its position in Total System Services, Inc. (NYSE:TSS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,984 shares of the credit services provider’s stock at the close of the 2nd quarter. Eaton Vance Management owned approximately 0.06% of Total System Services worth $6,465,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. boosted its holdings in Total System Services by 13.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,959 shares of the credit services provider’s stock worth $114,000 after buying an additional 228 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Total System Services by 3.4% during 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 in the last quarter. Doyle Wealth Management purchased a new stake in Total System Services during the second quarter worth about $205,000. Texas Yale Capital Corp. purchased a new stake in Total System Services during the second quarter worth about $205,000. Finally, Palisades Hudson Asset Management L.P. purchased a new stake in Total System Services during the second quarter worth about $208,000. 76.14% of the stock is currently owned by hedge funds and other institutional investors.
TSS has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Total System Services from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Northcoast Research initiated coverage on shares of Total System Services in a report on Friday, June 30th. They set a “neutral” rating on the stock. BidaskClub downgraded shares of Total System Services from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. BMO Capital Markets reissued an “outperform” rating and set a $67.00 price objective (up previously from $64.00) on shares of Total System Services in a report on Thursday, June 22nd. Finally, KeyCorp reissued an “overweight” rating on shares of Total System Services in a report on Thursday, August 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $65.25.
Total System Services, Inc. (NYSE:TSS) opened at 67.17 on Friday. Total System Services, Inc. has a 52 week low of $46.22 and a 52 week high of $70.62. The stock has a market cap of $12.38 billion, a P/E ratio of 32.59 and a beta of 1.13. The company’s 50 day moving average is $66.07 and its 200 day moving average is $59.19.
Total System Services (NYSE:TSS) last announced its earnings results on Tuesday, July 25th. The credit services provider reported $0.85 EPS for the quarter, topping the consensus estimate 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 company had revenue of $844.07 million during the quarter, compared to analysts’ expectations of $842.57 million. During the same period last year, the company posted $0.74 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. Equities analysts predict that Total System Services, Inc. will post $3.28 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 29th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.77%. 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. Total System Services’s dividend payout ratio (DPR) is presently 19.51%.
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In other Total System Services news, Director Philip W. Tomlinson sold 220,974 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $63.65, for a total value of $14,064,995.10. Following the completion of the transaction, the director now directly owns 326,200 shares in the company, valued at $20,762,630. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP G Sanders Griffith III sold 18,472 shares of the firm’s stock in a transaction dated 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 owns 187,684 shares of the company’s stock, valued at $11,871,013. The disclosure for this sale can be found here. Over the last quarter, insiders sold 243,503 shares of company stock valued at $15,490,969. Corporate 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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