Gratus Capital LLC continued to hold its stake in Total System Services, Inc. (NYSE:TSS) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 19,715 shares of the credit services provider’s stock at the end of the second quarter. Gratus Capital LLC’s holdings in Total System Services were worth $1,148,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of TSS. Principal Financial Group Inc. raised its stake in Total System Services by 2.8% in the second quarter. Principal Financial Group Inc. now owns 472,894 shares of the credit services provider’s stock valued at $27,546,000 after buying an additional 12,752 shares during the period. Neuberger Berman Group LLC acquired a new stake in Total System Services during the second quarter valued at about $9,761,000. Pacer Advisors Inc. raised its stake in Total System Services by 8.2% in the second quarter. Pacer Advisors Inc. now owns 3,891 shares of the credit services provider’s stock valued at $227,000 after buying an additional 294 shares during the period. Utah Retirement Systems raised its stake in Total System Services by 9.6% in the second quarter. Utah Retirement Systems now owns 33,227 shares of the credit services provider’s stock valued at $1,935,000 after buying an additional 2,900 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in Total System Services by 4.0% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 334,352 shares of the credit services provider’s stock valued at $19,476,000 after buying an additional 12,890 shares during the period. 76.12% of the stock is currently owned by institutional investors.

Shares of Total System Services, Inc. (NYSE:TSS) opened at 67.63 on Wednesday. The stock has a market cap of $12.46 billion, a PE ratio of 32.81 and a beta of 1.14. The stock has a 50 day moving average of $63.19 and a 200-day moving average of $57.86. Total System Services, Inc. has a 52 week low of $46.22 and a 52 week high of $67.76.

Total System Services (NYSE:TSS) last issued its earnings results on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.05. Total System Services had a return on equity of 25.49% and a net margin of 8.78%. The business had revenue of $844.07 million during the quarter, compared to the consensus estimate of $842.57 million. During the same period last year, the company earned $0.74 EPS. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. Equities research analysts predict that Total System Services, Inc. will post $3.28 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 29th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, September 20th. This is an increase from Total System Services’s previous quarterly dividend of $0.10. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.77%. Total System Services’s dividend payout ratio (DPR) is 19.51%.

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A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Total System Services in a report on Thursday, July 27th. Wedbush assumed coverage on shares of Total System Services in a report on Thursday, August 3rd. They set an “outperform” rating and a $72.00 target price on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $67.00 target price (up previously from $64.00) on shares of Total System Services in a report on Thursday, June 22nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $67.00 target price (up previously from $65.00) on shares of Total System Services in a report on Thursday, July 13th. Finally, First Analysis lowered shares of Total System Services from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $60.00 to $63.00 in a report on Wednesday, May 3rd. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $65.05.

In related news, Director Richard W. Ussery sold 48,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $59.19, for a total transaction of $2,841,120.00. Following the completion of the sale, the director now directly owns 219,968 shares of the company’s stock, valued at approximately $13,019,905.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Paul M. Todd sold 4,057 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $63.50, for a total value of $257,619.50. The disclosure for this sale can be found here. Insiders have sold a total of 291,503 shares of company stock valued at $18,332,089 over the last three months. Corporate insiders own 2.60% of the company’s stock.

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.

Institutional Ownership by Quarter for Total System Services (NYSE:TSS)

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