Colony Group LLC Purchases New Stake in Total System Services, Inc. (TSS)
Colony Group LLC purchased a new position in shares of Total System Services, Inc. (NYSE:TSS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,991 shares of the credit services provider’s stock, valued at approximately $524,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Synovus Financial Corp lifted its position in Total System Services by 1.0% in the 2nd quarter. Synovus Financial Corp now owns 13,709,409 shares of the credit services provider’s stock valued at $798,579,000 after acquiring an additional 134,998 shares in the last quarter. Nationwide Fund Advisors lifted its position in Total System Services by 21.4% in the 2nd quarter. Nationwide Fund Advisors now owns 363,203 shares of the credit services provider’s stock valued at $21,157,000 after acquiring an additional 64,038 shares in the last quarter. Altavista Wealth Management Inc. bought a new stake in Total System Services in the 1st quarter valued at $290,000. South Dakota Investment Council bought a new stake in Total System Services in the 2nd quarter valued at $711,000. Finally, Aviva PLC lifted its position in Total System Services by 10.6% in the 2nd quarter. Aviva PLC now owns 106,880 shares of the credit services provider’s stock valued at $6,227,000 after acquiring an additional 10,240 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors.
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In other Total System Services news, EVP G Sanders Griffith III sold 18,472 shares of Total System Services stock in a transaction dated Friday, July 28th. The shares were 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 of the company’s stock, valued at $11,871,013. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Paul M. Todd sold 4,057 shares of Total System Services stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $63.50, for a total transaction of $257,619.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 243,503 shares of company stock worth $15,490,969. Insiders own 2.60% of the company’s stock.
Total System Services, Inc. (NYSE TSS) traded up 0.18% on Monday, hitting $67.80. 129,871 shares of the stock traded hands. The stock has a 50 day moving average of $67.45 and a 200 day moving average of $61.26. The firm has a market capitalization of $12.49 billion, a PE ratio of 32.90 and a beta of 1.12. 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 announced its quarterly earnings data on Tuesday, July 25th. The credit services provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.80 by $0.05. The business had revenue of $844.07 million for the quarter, compared to analyst estimates of $842.57 million. Total System Services had a net margin of 8.78% and a return on equity of 25.49%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 earnings per share. Equities research analysts anticipate that Total System Services, Inc. will post $3.28 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 29th were given 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 payout ratio is currently 25.37%.
Several equities research analysts recently commented on TSS shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a $67.00 price objective (up from $64.00) on shares of Total System Services in a research report on Thursday, June 22nd. Mizuho started coverage on shares of Total System Services in a research report on Tuesday, June 27th. They issued a “neutral” rating and a $63.00 price objective on the stock. Northcoast Research started coverage on shares of Total System Services in a research report on Friday, June 30th. They issued a “neutral” rating on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $67.00 price objective (up from $65.00) on shares of Total System Services in a research report on Thursday, July 13th. Finally, Zacks Investment Research raised shares of Total System Services from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target 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.
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