Traynor Capital Management Inc. held its stake in shares of Total System Services, Inc. (NYSE:TSS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,409 shares of the credit services provider’s stock at the end of the second quarter. Traynor Capital Management Inc.’s holdings in Total System Services were worth $909,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TSS. Advisory Services Network LLC acquired a new stake in shares of Total System Services during the first quarter worth $169,000. Doyle Wealth Management acquired a new stake in shares of Total System Services during the second quarter worth $205,000. HL Financial Services LLC acquired a new stake in shares of Total System Services during the second quarter worth $209,000. Pacer Advisors Inc. increased its stake in shares of Total System Services by 3.4% in the first quarter. Pacer Advisors Inc. now owns 3,597 shares of the credit services provider’s stock worth $192,000 after buying an additional 119 shares during the last quarter. Finally, Oakworth Capital Inc. increased its stake in shares of Total System Services by 4,788.2% in the first quarter. Oakworth Capital Inc. now owns 3,715 shares of the credit services provider’s stock worth $199,000 after buying an additional 3,639 shares during the last quarter. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Total System Services, Inc. (NYSE TSS) traded down 0.30% during trading on Friday, hitting $63.24. 58,818 shares of the company’s stock traded hands. Total System Services, Inc. has a 12 month low of $46.22 and a 12 month high of $64.94. The company’s 50 day moving average is $61.16 and its 200-day moving average is $56.79. The stock has a market cap of $11.65 billion, a P/E ratio of 30.68 and a beta of 1.14.

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 the consensus estimate of $0.80 by $0.05. The firm had revenue of $844.07 million for the quarter, compared to the consensus estimate of $842.57 million. Total System Services had a net margin of 8.78% and a return on equity of 25.49%. The business’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.74 earnings per share. On average, analysts predict 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 will be paid on Monday, October 2nd. Investors of record on Friday, September 29th will be given a dividend of $0.13 per share. This is an increase from Total System Services’s previous quarterly dividend of $0.10. The ex-dividend date is Wednesday, September 20th. This represents a $0.52 dividend on an annualized basis and a yield of 0.82%. Total System Services’s dividend payout ratio is 19.51%.

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A number of analysts have weighed in on the company. Wedbush assumed coverage on Total System Services in a report on Thursday, August 3rd. They set an “outperform” rating and a $72.00 price target for the company. Cowen and Company reiterated an “outperform” rating and set a $67.00 price target on shares of Total System Services in a report on Wednesday, July 26th. Stifel Nicolaus reiterated a “buy” rating and set a $69.00 price target (up from $67.00) on shares of Total System Services in a report on Wednesday, July 26th. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Total System Services in a report on Thursday, July 27th. Finally, Mizuho assumed coverage on Total System Services in a report on Tuesday, June 27th. They set a “neutral” rating and a $63.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Total System Services has a consensus rating of “Buy” and a consensus target price of $63.85.

In related news, Director Richard W. Ussery sold 48,000 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $59.19, for a total transaction of $2,841,120.00. Following the transaction, the director now owns 219,968 shares in the company, valued at $13,019,905.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP G Sanders Griffith III sold 18,472 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $63.25, for a total transaction of $1,168,354.00. Following the transaction, the executive vice president now owns 187,684 shares in the company, valued at approximately $11,871,013. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 287,446 shares of company stock worth $18,074,469. 2.60% of the stock is owned by insiders.

About Total System Services

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

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