Schwab Charles Investment Management Inc. raised its stake in shares of Total System Services, Inc. (NYSE:TSS) by 30.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 1,081,232 shares of the credit services provider’s stock after buying an additional 251,258 shares during the period. Schwab Charles Investment Management Inc. owned about 0.59% of Total System Services worth $62,982,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TSS. Canada Pension Plan Investment Board boosted its position in Total System Services by 24.2% in the second quarter. Canada Pension Plan Investment Board now owns 65,258 shares of the credit services provider’s stock valued at $3,801,000 after buying an additional 12,700 shares during the period. Global X Management Co. LLC boosted its stake in Total System Services by 15.8% in the second quarter. Global X Management Co. LLC now owns 5,016 shares of the credit services provider’s stock valued at $292,000 after buying an additional 685 shares during the last quarter. HL Financial Services LLC purchased a new stake in Total System Services during the second quarter valued at approximately $209,000. Pictet Asset Management Ltd. boosted its stake in Total System Services by 17.2% in the second quarter. Pictet Asset Management Ltd. now owns 1,073,258 shares of the credit services provider’s stock valued at $63,913,000 after buying an additional 157,500 shares during the last quarter. Finally, Korea Investment CORP boosted its stake in Total System Services by 16.2% in the second quarter. Korea Investment CORP now owns 25,089 shares of the credit services provider’s stock valued at $1,461,000 after buying an additional 3,489 shares during the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Shares of Total System Services, Inc. (NYSE TSS) opened at 67.50 on Tuesday. The company has a market capitalization of $12.44 billion, a P/E ratio of 32.75 and a beta of 1.14. The company has a 50-day moving average price of $63.19 and a 200 day moving average price of $57.86. Total System Services, Inc. has a 1-year low of $46.22 and a 1-year high of $67.70.

Total System Services (NYSE:TSS) last posted its quarterly earnings data on Tuesday, July 25th. The credit services provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.80 by $0.05. The firm had revenue of $844.07 million during the quarter, compared to analyst estimates of $842.57 million. Total System Services had a return on equity of 25.49% and a net margin of 8.78%. Total System Services’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 EPS. Equities research analysts anticipate that Total System Services, Inc. will post $3.28 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 29th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.77%. This is a positive change from Total System Services’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, September 20th. Total System Services’s dividend payout ratio is 19.51%.

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Several equities research analysts have commented on the company. Keefe, Bruyette & Woods restated a “buy” rating on shares of Total System Services in a research note on Thursday, July 27th. Wedbush assumed coverage on Total System Services in a research note on Thursday, August 3rd. They issued an “outperform” rating and a $72.00 target price on the stock. BMO Capital Markets restated an “outperform” rating and issued a $67.00 target price (up previously from $64.00) on shares of Total System Services in a research note on Thursday, June 22nd. Stifel Nicolaus restated a “buy” rating and issued a $67.00 target price (up previously from $65.00) on shares of Total System Services in a research note on Thursday, July 13th. Finally, First Analysis cut Total System Services from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $60.00 to $63.00 in a research note on Wednesday, May 3rd. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Total System Services presently has an average rating of “Buy” and a consensus price target of $64.60.

In other Total System Services news, Director Richard W. Ussery sold 48,000 shares of the stock in a transaction on Monday, June 12th. The stock was 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 in the company, valued at approximately $13,019,905.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Philip W. Tomlinson sold 220,974 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $63.65, for a total value of $14,064,995.10. Following the completion of the sale, the director now owns 326,200 shares of the company’s stock, valued at approximately $20,762,630. The disclosure for this sale can be found here. Insiders sold a total of 291,503 shares of company stock valued at $18,332,089 over the last 90 days. 2.60% of the stock is currently owned by company insiders.

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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