CIBC Asset Management Inc increased its stake in shares of Total System Services, Inc. (NYSE:TSS) by 0.2% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 20,859 shares of the credit services provider’s stock after buying an additional 45 shares during the period. CIBC Asset Management Inc’s holdings in Total System Services were worth $1,215,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of TSS. Moody National Bank Trust Division bought a new position in shares of Total System Services during the second quarter valued at about $648,000. Bbva Compass Bancshares Inc. boosted its position in shares of Total System Services by 4.0% in the second quarter. Bbva Compass Bancshares Inc. now owns 18,435 shares of the credit services provider’s stock valued at $1,074,000 after buying an additional 712 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Total System Services by 6.9% in the second quarter. Great West Life Assurance Co. Can now owns 119,606 shares of the credit services provider’s stock valued at $6,959,000 after buying an additional 7,738 shares during the last quarter. Capital City Trust Co. FL boosted its position in shares of Total System Services by 88.7% in the second quarter. Capital City Trust Co. FL now owns 90,163 shares of the credit services provider’s stock valued at $5,252,000 after buying an additional 42,389 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its position in shares of Total System Services by 1.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 34,321 shares of the credit services provider’s stock valued at $1,999,000 after buying an additional 440 shares during the last quarter. Institutional investors and hedge funds own 75.26% of the company’s stock.

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

Total System Services (NYSE:TSS) last released its earnings results on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share for the quarter, beating the 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 analyst estimates of $842.57 million. During the same quarter in the previous year, the firm earned $0.74 earnings per share. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. Equities research analysts anticipate that Total System Services, Inc. will post $3.28 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 29th will be issued 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 annualized dividend and a dividend yield of 0.82%. Total System Services’s payout ratio is 19.51%.

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Several research analysts have recently issued reports on the stock. Wedbush restated an “outperform” rating and issued a $72.00 target price on shares of Total System Services in a report on Wednesday. Keefe, Bruyette & Woods restated a “buy” rating on shares of Total System Services in a report on Thursday, July 27th. BMO Capital Markets upped their target price on shares of Total System Services from $62.90 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, July 26th. Deutsche Bank AG restated a “hold” rating and issued a $65.00 target price (up previously from $57.00) on shares of Total System Services in a report on Wednesday, July 26th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $63.00 target price (up previously from $58.00) on shares of Total System Services in a report on Wednesday, July 26th. Seven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $63.85.

In other news, Director Richard W. Ussery sold 48,000 shares of the business’s stock in a transaction 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 completion of the transaction, the director now owns 219,968 shares of the company’s stock, valued at $13,019,905.92. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP G Sanders Griffith III sold 18,472 shares of the business’s stock in a transaction 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 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. In the last three months, insiders have sold 287,446 shares of company stock valued at $18,074,469. Corporate 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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