ClariVest Asset Management LLC grew its position in shares of Total System Services, Inc. (NYSE:TSS) by 50,000.0% during the 2nd quarter, Holdings Channel reports. The firm owned 7,515 shares of the credit services provider’s stock after acquiring an additional 7,500 shares during the period. ClariVest Asset Management LLC’s holdings in Total System Services were worth $635,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Lakeview Capital Partners LLC grew its position in Total System Services by 5.5% during the 2nd quarter. Lakeview Capital Partners LLC now owns 12,791 shares of the credit services provider’s stock worth $1,081,000 after acquiring an additional 662 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in Total System Services by 0.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 258,111 shares of the credit services provider’s stock worth $22,265,000 after acquiring an additional 686 shares during the last quarter. US Bancorp DE grew its position in Total System Services by 2.2% during the 2nd quarter. US Bancorp DE now owns 33,162 shares of the credit services provider’s stock worth $2,803,000 after acquiring an additional 724 shares during the last quarter. Creative Planning grew its position in Total System Services by 0.4% during the 2nd quarter. Creative Planning now owns 193,890 shares of the credit services provider’s stock worth $16,388,000 after acquiring an additional 771 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in Total System Services by 15.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 6,046 shares of the credit services provider’s stock worth $511,000 after acquiring an additional 810 shares during the last quarter. Hedge funds and other institutional investors own 76.49% of the company’s stock.

Several research firms recently issued reports on TSS. Robert W. Baird raised their price target 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. Royal Bank of Canada restated a “buy” rating and set a $105.00 price target on shares of Total System Services in a research report on Wednesday, July 25th. Raymond James began coverage on Total System Services in a research report on Friday, June 15th. They set a “market perform” rating and a $35.00 price target on the stock. Zacks Investment Research upgraded Total System Services from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a research report on Tuesday, June 19th. Finally, Wolfe Research began coverage on Total System Services in a research report on Tuesday, July 17th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $91.64.

NYSE TSS opened at $98.02 on Friday. Total System Services, Inc. has a fifty-two week low of $64.56 and a fifty-two week high of $99.40. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.55 and a quick ratio of 2.55. The company has a market capitalization of $17.61 billion, a price-to-earnings ratio of 30.44, a price-to-earnings-growth ratio of 1.57 and a beta of 1.18.

Total System Services (NYSE:TSS) last released its quarterly earnings data on Tuesday, July 24th. The credit services provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.04. Total System Services had a return on equity of 29.26% and a net margin of 14.39%. The business had revenue of $956.55 million during the quarter, compared to analysts’ expectations of $936.79 million. During the same quarter last year, the business posted $0.85 EPS. The business’s revenue was up 13.3% on a year-over-year basis. research analysts expect that Total System Services, Inc. will post 4.2 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Thursday, September 20th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date is Wednesday, September 19th. Total System Services’s payout ratio is presently 16.15%.

In other 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 value of $1,430,475.60. Following the completion of 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 SEC, which is available at the SEC website. 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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Institutional Ownership by Quarter for Total System Services (NYSE:TSS)

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