Total System Services, Inc. (TSS) Position Reduced by Bronfman E.L. Rothschild L.P.
Bronfman E.L. Rothschild L.P. lessened its stake in Total System Services, Inc. (NYSE:TSS) by 22.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,006 shares of the credit services provider’s stock after selling 285 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in Total System Services were worth $82,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TSS. Laurel Wealth Advisors LLC bought a new stake in Total System Services in the fourth quarter valued at about $28,000. Oregon Public Employees Retirement Fund increased its holdings in Total System Services by 6,655.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,932,374 shares of the credit services provider’s stock valued at $36,000 after purchasing an additional 2,888,967 shares during the last quarter. Csenge Advisory Group bought a new stake in Total System Services in the third quarter valued at about $37,000. Daiwa SB Investments Ltd. bought a new stake in Total System Services in the fourth quarter valued at about $38,000. Finally, Exane Asset Management acquired a new position in Total System Services in the fourth quarter valued at about $41,000. Institutional investors and hedge funds own 79.47% of the company’s stock.
In other news, CAO Dorenda K. Weaver sold 2,297 shares of the company’s stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $91.23, for a total transaction of $209,555.31. Following the completion of the transaction, the chief accounting officer now directly owns 49,489 shares of the company’s stock, valued at $4,514,881.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP G Sanders Griffith III sold 11,273 shares of the company’s stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $91.23, for a total value of $1,028,435.79. Following the transaction, the executive vice president now directly owns 192,324 shares of the company’s stock, valued at $17,545,718.52. The disclosure for this sale can be found here. Insiders have sold 109,640 shares of company stock valued at $10,098,506 over the last ninety days. 2.40% of the stock is owned by insiders.
Total System Services (NYSE:TSS) last posted its quarterly earnings data on Tuesday, January 29th. The credit services provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.07. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $968.62 million. Total System Services had a return on equity of 30.94% and a net margin of 14.31%. As a group, equities research analysts anticipate that Total System Services, Inc. will post 4.64 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Thursday, March 21st will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, March 20th. This represents a $0.52 annualized dividend and a dividend yield of 0.56%. Total System Services’s dividend payout ratio is currently 12.21%.
A number of research firms have issued reports on TSS. Zacks Investment Research reissued a “buy” rating and issued a $91.00 target price on shares of Total System Services in a research note on Monday, December 31st. KeyCorp decreased their target price on Total System Services from $110.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, January 2nd. Nomura reissued a “buy” rating on shares of Total System Services in a research note on Thursday, January 31st. Royal Bank of Canada boosted their target price on Total System Services to $110.00 and gave the company an “in-line” rating in a research note on Wednesday, January 30th. Finally, Jefferies Financial Group began coverage on Total System Services in a research note on Monday, January 28th. They issued a “buy” rating and a $105.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $98.53.
Total System Services Company Profile
Total System Services, Inc provides payment processing, merchant, and related payment services to financial and nonfinancial institutions worldwide. The company operates through three segments: Issuer Solutions, Merchant Solutions, and Consumer Solutions. It offers general purpose reloadable prepaid and payroll cards, demand deposit accounts, and other financial service solutions to the underbanked and other consumers and businesses.
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