Traders Sell Total System Services (TSS) on Strength (TSS)
Investors sold shares of Total System Services, Inc. (NYSE:TSS) on strength during trading on Monday. $36.00 million flowed into the stock on the tick-up and $100.60 million flowed out of the stock on the tick-down, for a money net flow of $64.60 million out of the stock. Of all equities tracked, Total System Services had the 13th highest net out-flow for the day. Total System Services traded up $0.40 for the day and closed at $99.62
Several brokerages have recently weighed in on TSS. Robert W. Baird lifted their price target on shares of Total System Services from $98.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, March 29th. Zacks Investment Research cut shares of Total System Services from a “hold” rating to a “sell” rating in a research note on Wednesday, March 13th. Nomura reiterated a “buy” rating on shares of Total System Services in a research note on Thursday, January 31st. Jefferies Financial Group began coverage on shares of Total System Services in a research note on Monday, January 28th. They set a “buy” rating and a $105.00 price target on the stock. Finally, Bank of America upgraded shares of Total System Services from an “underperform” rating to a “neutral” rating in a research note on Thursday, January 24th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $99.07.
The company has a debt-to-equity ratio of 1.50, a quick ratio of 2.21 and a current ratio of 2.21. The company has a market cap of $17.57 billion, a price-to-earnings ratio of 23.38, a price-to-earnings-growth ratio of 1.75 and a beta of 1.11.
The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Thursday, March 21st were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Wednesday, March 20th. Total System Services’s dividend payout ratio (DPR) is 12.21%.
In other Total System Services news, EVP Patricia A. Watson sold 37,519 shares of Total System Services stock in a transaction on Monday, March 11th. The shares were sold at an average price of $93.79, for a total value of $3,518,907.01. Following the sale, the executive vice president now directly owns 23,450 shares in the company, valued at approximately $2,199,375.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman M Troy Woods sold 47,812 shares of Total System Services stock in a transaction on Friday, February 8th. The shares were sold at an average price of $91.23, for a total transaction of $4,361,888.76. Following the completion of the sale, the chairman now owns 256,989 shares in the company, valued at $23,445,106.47. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 109,640 shares of company stock worth $10,098,506. 2.00% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund increased its holdings in Total System Services by 6,655.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,932,374 shares of the credit services provider’s stock valued at $36,000 after acquiring an additional 2,888,967 shares during the last quarter. Northern Trust Corp increased its holdings in Total System Services by 1.9% in the 4th quarter. Northern Trust Corp now owns 2,335,661 shares of the credit services provider’s stock valued at $189,866,000 after acquiring an additional 42,739 shares during the last quarter. Geode Capital Management LLC increased its holdings in Total System Services by 7.9% in the 4th quarter. Geode Capital Management LLC now owns 2,151,897 shares of the credit services provider’s stock valued at $174,616,000 after acquiring an additional 157,929 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Total System Services by 101.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,785,380 shares of the credit services provider’s stock valued at $145,134,000 after acquiring an additional 900,074 shares during the last quarter. Finally, Norges Bank bought a new stake in Total System Services in the 4th quarter valued at $136,526,000. Institutional investors own 80.52% of the company’s stock.
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About Total System Services (NYSE:TSS)
Total System Services, Inc provides payment processing, merchant, and related payment services to financial and nonfinancial institutions worldwide. The company operates through three segments: Issuer Solutions, Merchant Solutions, and Consumer Solutions. 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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