Pitcairn Co. increased its stake in Total System Services Inc. (NYSE:TSS) by 17.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,712 shares of the company’s stock after buying an additional 2,577 shares during the period. Pitcairn Co.’s holdings in Total System Services were worth $940,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its stake in Total System Services by 24.3% in the first quarter. Envestnet Asset Management Inc. now owns 105,849 shares of the company’s stock worth $5,036,000 after buying an additional 20,671 shares during the period. Geode Capital Management LLC boosted its stake in Total System Services by 1.0% in the first quarter. Geode Capital Management LLC now owns 1,453,291 shares of the company’s stock worth $69,015,000 after buying an additional 14,368 shares during the period. Nuveen Asset Management LLC boosted its stake in Total System Services by 433.2% in the first quarter. Nuveen Asset Management LLC now owns 173,961 shares of the company’s stock worth $8,277,000 after buying an additional 141,337 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Total System Services by 16.8% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 37,216 shares of the company’s stock worth $1,771,000 after buying an additional 5,353 shares during the period. Finally, Dalton Greiner Hartman Maher & Co. boosted its stake in Total System Services by 1.0% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 6,488 shares of the company’s stock worth $345,000 after buying an additional 67 shares during the period. 71.93% of the stock is currently owned by institutional investors.

Total System Services Inc. (NYSE:TSS) traded up 0.06% during mid-day trading on Tuesday, reaching $46.58. 1,099,735 shares of the company traded hands. The stock has a 50-day moving average of $48.65 and a 200 day moving average of $50.51. The stock has a market capitalization of $8.56 billion, a PE ratio of 23.73 and a beta of 1.15. Total System Services Inc. has a 52-week low of $37.47 and a 52-week high of $56.69.

Total System Services (NYSE:TSS) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.72 by $0.02. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. Total System Services had a net margin of 10.97% and a return on equity of 23.58%. The company’s quarterly revenue was up 66.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.58 earnings per share. Equities research analysts expect that Total System Services Inc. will post $2.81 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 22nd will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, September 20th. This represents a $0.40 annualized dividend and a dividend yield of 0.86%. Total System Services’s dividend payout ratio is presently 20.30%.

A number of equities research analysts have recently commented on TSS shares. Citigroup Inc. dropped their target price on Total System Services from $63.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, September 14th. Zacks Investment Research cut Total System Services from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. First Analysis upgraded Total System Services from an “equal weight” rating to an “overweight” rating and set a $62.00 target price on the stock in a research report on Thursday, July 28th. Robert W. Baird upgraded Total System Services from a “neutral” rating to an “outperform” rating and set a $60.00 target price on the stock in a research report on Friday, August 12th. Finally, Morgan Stanley restated a “hold” rating and set a $54.00 target price on shares of Total System Services in a research report on Thursday, July 28th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $52.67.

Total System Services Company Profile

Total System Services, Inc (TSYS) is a payment solutions provider that provides services to financial and nonfinancial institutions. The Company’s segments include North America Services, Merchant Services, NetSpend and International Services. The Company also provides processing services, acquiring solutions, related systems and integrated support services to merchant acquirers and merchants.

5 Day Chart for NYSE:TSS

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