Verition Fund Management LLC raised its position in shares of Total System Services, Inc. (NYSE:TSS) by 22.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,234 shares of the credit services provider’s stock after purchasing an additional 2,765 shares during the period. Verition Fund Management LLC’s holdings in Total System Services were worth $887,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Regentatlantic Capital LLC raised its stake in shares of Total System Services by 0.4% during the 2nd quarter. Regentatlantic Capital LLC now owns 4,756 shares of the credit services provider’s stock worth $277,000 after purchasing an additional 19 shares in the last quarter. OLD National Bancorp IN raised its stake in shares of Total System Services by 0.6% during the 2nd quarter. OLD National Bancorp IN now owns 3,882 shares of the credit services provider’s stock worth $226,000 after purchasing an additional 25 shares in the last quarter. Capital Investment Advisors LLC raised its stake in shares of Total System Services by 0.3% during the 2nd quarter. Capital Investment Advisors LLC now owns 18,983 shares of the credit services provider’s stock worth $1,106,000 after purchasing an additional 54 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in shares of Total System Services by 1.4% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 4,445 shares of the credit services provider’s stock worth $259,000 after purchasing an additional 60 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Total System Services by 0.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,305 shares of the credit services provider’s stock worth $717,000 after purchasing an additional 64 shares in the last quarter. 76.13% of the stock is owned by institutional investors.

In other Total System Services news, EVP G Sanders Griffith III sold 18,472 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $63.25, for a total value of $1,168,354.00. Following the sale, the executive vice president now owns 187,684 shares in the company, valued at $11,871,013. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Philip W. Tomlinson sold 220,974 shares of the company’s stock in a transaction that occurred on 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 sale, 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. Insiders sold 243,503 shares of company stock worth $15,490,969 in the last 90 days. Corporate insiders own 2.60% of the company’s stock.

Total System Services, Inc. (NYSE TSS) traded down 0.19% during mid-day trading on Friday, reaching $67.68. The company’s stock had a trading volume of 685,352 shares. The stock has a market cap of $12.47 billion, a PE ratio of 32.84 and a beta of 1.12. The company has a 50 day moving average of $67.45 and a 200-day moving average of $61.20. Total System Services, Inc. has a 52-week low of $46.88 and a 52-week high of $70.62.

Total System Services (NYSE:TSS) last released its quarterly earnings data on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.05. The firm had revenue of $844.07 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.74 earnings per share. Equities analysts forecast that Total System Services, Inc. will post $3.28 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 29th were paid a $0.13 dividend. This is a positive change from Total System Services’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Wednesday, September 20th. This represents a $0.52 annualized dividend and a yield of 0.77%. Total System Services’s dividend payout ratio is currently 25.37%.

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TSS has been the subject of a number of recent research reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $67.00 price target (up from $64.00) on shares of Total System Services in a research note on Thursday, June 22nd. Mizuho initiated coverage on Total System Services in a research note on Tuesday, June 27th. They set a “neutral” rating and a $63.00 price target for the company. Northcoast Research initiated coverage on Total System Services in a research note on Friday, June 30th. They set a “neutral” rating for the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $67.00 price target (up from $65.00) on shares of Total System Services in a research note on Thursday, July 13th. Finally, Zacks Investment Research raised Total System Services from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $66.43.

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.

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

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