Pentwater Capital Management LP purchased a new position in Total System Services, Inc. (NYSE:TSS) during the 2nd quarter, HoldingsChannel reports. The fund purchased 200,000 shares of the credit services provider’s stock, valued at approximately $25,654,000.

Other institutional investors have also recently added to or reduced their stakes in the company. World Asset Management Inc boosted its position in Total System Services by 0.8% during the second quarter. World Asset Management Inc now owns 11,658 shares of the credit services provider’s stock valued at $1,495,000 after buying an additional 97 shares during the period. Commonwealth Bank of Australia boosted its position in Total System Services by 33.6% during the second quarter. Commonwealth Bank of Australia now owns 453 shares of the credit services provider’s stock valued at $57,000 after buying an additional 114 shares during the period. Piedmont Investment Advisors Inc. boosted its position in Total System Services by 0.8% during the first quarter. Piedmont Investment Advisors Inc. now owns 15,639 shares of the credit services provider’s stock valued at $1,486,000 after buying an additional 127 shares during the period. Citizens Financial Group Inc RI boosted its position in Total System Services by 3.3% during the first quarter. Citizens Financial Group Inc RI now owns 4,497 shares of the credit services provider’s stock valued at $428,000 after buying an additional 143 shares during the period. Finally, Fulton Bank N.A. boosted its position in Total System Services by 7.8% during the second quarter. Fulton Bank N.A. now owns 2,400 shares of the credit services provider’s stock valued at $308,000 after buying an additional 173 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Total System Services stock remained flat at $$133.27 during trading on Friday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.47 and a current ratio of 2.47. The firm’s 50-day moving average price is $131.75 and its 200-day moving average price is $116.59. The company has a market cap of $23.59 billion, a P/E ratio of 31.28, a P/E/G ratio of 2.39 and a beta of 0.86. Total System Services, Inc. has a 1 year low of $75.58 and a 1 year high of $142.30.

Total System Services (NYSE:TSS) last posted its earnings results on Wednesday, July 31st. The credit services provider reported $1.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.06. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. Total System Services had a net margin of 15.03% and a return on equity of 32.26%. Total System Services’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.11 earnings per share. Sell-side analysts expect that Total System Services, Inc. will post 4.64 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.13 per share. The ex-dividend date is Thursday, September 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.39%. Total System Services’s dividend payout ratio is currently 12.21%.

In other Total System Services news, CEO M Troy Woods sold 141,236 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $141.11, for a total value of $19,929,811.96. Following the completion of the sale, the chief executive officer now directly owns 426,249 shares in the company, valued at $60,147,996.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joia M. Johnson acquired 745 shares of the stock in a transaction on Monday, September 16th. The stock was bought at an average price of $134.60 per share, with a total value of $100,277.00. Following the completion of the acquisition, the director now directly owns 1,251 shares of the company’s stock, valued at $168,384.60. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 195,587 shares of company stock valued at $27,376,564. 2.00% of the stock is currently owned by company insiders.

TSS has been the subject of several analyst reports. BMO Capital Markets upped their price target on shares of Total System Services to $121.00 and gave the company a “market perform” rating in a research report on Thursday, May 30th. Barclays upped their price target on shares of Total System Services from $146.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Robert W. Baird set a $148.00 price target on shares of Total System Services and gave the company a “buy” rating in a research report on Friday, July 19th. Guggenheim lowered shares of Total System Services from a “buy” rating to a “neutral” rating in a research report on Thursday, May 30th. Finally, Cowen lowered shares of Total System Services from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 29th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $116.18.

Total System Services 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: 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.

See Also: Hedge Funds – Risk or Reward?

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

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