BlueMountain Capital Management LLC Has $3.24 Million Holdings in Total System Services, Inc. (TSS)
BlueMountain Capital Management LLC lowered its stake in Total System Services, Inc. (NYSE:TSS) by 71.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,298 shares of the credit services provider’s stock after selling 94,956 shares during the period. BlueMountain Capital Management LLC’s holdings in Total System Services were worth $3,237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of TSS. Piedmont Investment Advisors LLC acquired a new stake in Total System Services in the 2nd quarter valued at about $159,000. Bray Capital Advisors acquired a new stake in shares of Total System Services during the 2nd quarter worth about $177,000. Eqis Capital Management Inc. acquired a new stake in shares of Total System Services during the 2nd quarter worth about $231,000. ACG Wealth acquired a new stake in shares of Total System Services during the 2nd quarter worth about $233,000. Finally, TLP Group LLC acquired a new stake in shares of Total System Services during the 1st quarter worth about $251,000. 76.49% of the stock is currently owned by institutional investors.
Several brokerages have recently weighed in on TSS. UBS Group raised Total System Services from a “market perform” rating to an “outperform” rating in a research report on Thursday. Robert W. Baird raised their target price on Total System Services from $100.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 25th. Zacks Investment Research lowered Total System Services from a “buy” rating to a “hold” rating in a research report on Thursday, June 28th. Guggenheim reissued a “buy” rating and set a $103.00 target price on shares of Total System Services in a research report on Wednesday, July 25th. Finally, Nomura reissued a “buy” rating and set a $96.00 target price on shares of Total System Services in a research report on Wednesday, July 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the company. Total System Services currently has an average rating of “Buy” and a consensus price target of $91.64.
Total System Services (NYSE:TSS) last released its quarterly earnings results on Tuesday, July 24th. The credit services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.04. The firm had revenue of $956.55 million for the quarter, compared to the consensus estimate of $936.79 million. Total System Services had a return on equity of 29.26% and a net margin of 14.39%. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 EPS. research analysts expect that Total System Services, Inc. will post 4.2 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Thursday, September 20th will be paid a dividend of $0.13 per share. The ex-dividend date is Wednesday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 0.53%. Total System Services’s dividend payout ratio is presently 16.15%.
In related news, EVP Patricia A. Watson sold 15,332 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $93.30, for a total transaction of $1,430,475.60. Following the transaction, the executive vice president now owns 30,743 shares in the company, valued at approximately $2,868,321.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.40% of the company’s stock.
Total System Services Company Profile
Total System Services, Inc provides payment processing, merchant, and related payment services to financial and nonfinancial institutions worldwide. The company operates through three segments: Merchant Solutions, Issuer Solutions, and Netspend. It offers general purpose reloadable prepaid and payroll cards, demand deposit accounts, and other financial service solutions to the underbanked and other consumers and businesses.
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