Pitcairn Co. cut its stake in shares of Total System Services, Inc. (NYSE:TSS) by 2.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,976 shares of the credit services provider’s stock after selling 193 shares during the period. Pitcairn Co.’s holdings in Total System Services were worth $407,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Parametrica Management Ltd purchased a new position in Total System Services during the first quarter valued at approximately $245,000. Altavista Wealth Management Inc. purchased a new position in Total System Services during the first quarter valued at approximately $290,000. Rothschild Asset Management Inc. purchased a new position in Total System Services during the first quarter valued at approximately $390,000. Glen Harbor Capital Management LLC raised its position in Total System Services by 23.1% in the first quarter. Glen Harbor Capital Management LLC now owns 29,344 shares of the credit services provider’s stock valued at $1,569,000 after buying an additional 5,516 shares in the last quarter. Finally, Tudor Investment Corp ET AL raised its position in Total System Services by 5.8% in the first quarter. Tudor Investment Corp ET AL now owns 529,019 shares of the credit services provider’s stock valued at $28,281,000 after buying an additional 28,923 shares in the last quarter. 75.66% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Total System Services, Inc. (NYSE TSS) opened at 63.84 on Tuesday. The firm’s 50-day moving average is $61.41 and its 200-day moving average is $57.02. The company has a market capitalization of $11.76 billion, a price-to-earnings ratio of 30.98 and a beta of 1.14. Total System Services, Inc. has a 12-month low of $46.22 and a 12-month high of $64.94.

Total System Services (NYSE:TSS) last issued its quarterly earnings results on Tuesday, July 25th. The credit services provider reported $0.85 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $844.07 million for the quarter, compared to analysts’ expectations of $842.57 million. During the same period last year, the business earned $0.74 earnings per share. The business’s quarterly revenue was up 6.2% on a year-over-year basis. On average, equities analysts predict that Total System Services, Inc. will post $3.28 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 29th will be given a dividend of $0.13 per share. This is a boost from Total System Services’s previous quarterly dividend of $0.10. This represents a $0.52 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Wednesday, September 20th. Total System Services’s dividend payout ratio (DPR) is presently 19.51%.

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Several equities analysts have commented on TSS shares. Northcoast Research started coverage on shares of Total System Services in a report on Friday, June 30th. They issued a “neutral” rating on the stock. Stifel Nicolaus set a $65.00 target price on shares of Total System Services and gave the company a “buy” rating in a report on Wednesday, April 26th. Pacific Crest reissued an “overweight” rating and issued a $58.00 target price on shares of Total System Services in a report on Monday, April 24th. Goldman Sachs Group, Inc. (The) raised shares of Total System Services from a “neutral” rating to a “buy” rating in a report on Monday, May 15th. Finally, BidaskClub lowered shares of Total System Services from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Total System Services currently has an average rating of “Buy” and a consensus price target of $64.05.

In other Total System Services news, Director Philip W. Tomlinson sold 220,974 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $63.65, for a total transaction of $14,064,995.10. Following the transaction, the director now directly owns 326,200 shares in the company, valued at $20,762,630. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 disclosure for this sale can be found here. Insiders have sold 287,446 shares of company stock worth $18,074,469 over the last quarter. Company 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.

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

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