Great West Life Assurance Co. Can increased its position in shares of Total System Services, Inc. (NYSE:TSS) by 6.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 119,606 shares of the credit services provider’s stock after buying an additional 7,738 shares during the period. Great West Life Assurance Co. Can’s holdings in Total System Services were worth $6,959,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of TSS. Vanguard Group Inc. raised its position in Total System Services by 3.2% in the first quarter. Vanguard Group Inc. now owns 16,006,463 shares of the credit services provider’s stock worth $855,707,000 after buying an additional 490,011 shares in the last quarter. FMR LLC raised its position in Total System Services by 14.8% in the first quarter. FMR LLC now owns 11,224,948 shares of the credit services provider’s stock worth $600,086,000 after buying an additional 1,447,047 shares in the last quarter. BlackRock Inc. raised its position in Total System Services by 2,540.3% in the first quarter. BlackRock Inc. now owns 11,122,344 shares of the credit services provider’s stock worth $594,599,000 after buying an additional 10,701,089 shares in the last quarter. State Street Corp raised its position in Total System Services by 0.9% in the first quarter. State Street Corp now owns 7,038,746 shares of the credit services provider’s stock worth $376,286,000 after buying an additional 62,264 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in Total System Services by 23.4% in the first quarter. Wellington Management Group LLP now owns 4,353,926 shares of the credit services provider’s stock worth $232,761,000 after buying an additional 824,600 shares in the last quarter. Institutional investors and hedge funds own 75.26% of the company’s stock.

Total System Services, Inc. (TSS) opened at 63.06 on Friday. The firm has a market cap of $11.62 billion, a price-to-earnings ratio of 30.60 and a beta of 1.14. Total System Services, Inc. has a 1-year low of $46.22 and a 1-year high of $64.94. The company has a 50-day moving average of $61.27 and a 200-day moving average of $56.87.

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

The company 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. This represents a $0.52 annualized dividend and a yield of 0.82%. The ex-dividend date is Wednesday, September 20th. This is an increase from Total System Services’s previous quarterly dividend of $0.10. Total System Services’s dividend payout ratio is presently 19.51%.

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A number of research analysts recently commented on TSS shares. Cowen and Company reiterated an “outperform” rating and set a $67.00 price objective on shares of Total System Services in a research note on Wednesday, July 26th. Goldman Sachs Group, Inc. (The) upgraded shares of Total System Services from a “neutral” rating to a “buy” rating in a report on Monday, May 15th. Zacks Investment Research cut shares of Total System Services from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Stifel Nicolaus set a $65.00 target price on shares of Total System Services and gave the stock a “buy” rating in a report on Wednesday, April 26th. Finally, BidaskClub upgraded shares of Total System Services from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Total System Services presently has an average rating of “Buy” and an average price target of $64.05.

In other Total System Services news, Director Richard W. Ussery sold 48,000 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $59.19, for a total value of $2,841,120.00. Following the completion of the sale, the director now owns 219,968 shares of the company’s stock, valued at $13,019,905.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP G Sanders Griffith III sold 18,472 shares of the company’s 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 completion of the sale, the executive vice president now directly owns 187,684 shares of the company’s stock, valued at approximately $11,871,013. The disclosure for this sale can be found here. Insiders sold 287,446 shares of company stock valued at $18,074,469 in the last ninety days. Insiders own 2.60% of the company’s stock.

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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