New York State Common Retirement Fund increased its holdings in shares of Total System Services, Inc. (NYSE:TSS) by 5.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 660,326 shares of the credit services provider’s stock after purchasing an additional 35,599 shares during the quarter. New York State Common Retirement Fund owned 0.36% of Total System Services worth $38,464,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bronfman E.L. Rothschild L.P. increased its position in Total System Services by 13.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,959 shares of the credit services provider’s stock worth $114,000 after purchasing an additional 228 shares in the last quarter. Acrospire Investment Management LLC increased its position in Total System Services by 122.2% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,000 shares of the credit services provider’s stock worth $117,000 after purchasing an additional 1,100 shares in the last quarter. Pacer Advisors Inc. increased its position in Total System Services by 3.4% during the 1st quarter. Pacer Advisors Inc. now owns 3,597 shares of the credit services provider’s stock worth $192,000 after purchasing an additional 119 shares in the last quarter. Doyle Wealth Management acquired a new stake in Total System Services during the 2nd quarter worth approximately $205,000. Finally, Texas Yale Capital Corp. acquired a new stake in Total System Services during the 2nd quarter worth approximately $205,000. 76.13% of the stock is owned by hedge funds and other institutional investors.

In other Total System Services news, EVP G Sanders Griffith III sold 18,472 shares of Total System Services stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $63.25, for a total value 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Paul M. Todd sold 4,057 shares of Total System Services stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $63.50, for a total value of $257,619.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 243,503 shares of company stock worth $15,490,969. Company insiders own 2.60% of the company’s stock.

Shares of Total System Services, Inc. (NYSE TSS) opened at 69.07 on Friday. The firm has a market cap of $12.73 billion, a P/E ratio of 33.51 and a beta of 1.13. The stock’s 50 day moving average is $66.32 and its 200-day moving average is $59.51. Total System Services, Inc. has a 52-week low of $46.22 and a 52-week high of $70.62.

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, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.05. The company had revenue of $844.07 million for the quarter, compared to the consensus estimate of $842.57 million. Total System Services had a return on equity of 25.49% and a net margin of 8.78%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.74 EPS. Equities analysts anticipate that Total System Services, Inc. will post $3.28 earnings per share for the current fiscal 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 $0.13 dividend. This is an increase from Total System Services’s previous quarterly dividend of $0.10. This represents a $0.52 annualized dividend and a yield of 0.75%. The ex-dividend date is Wednesday, September 20th. Total System Services’s payout ratio is currently 25.37%.

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A number of analysts recently issued reports on TSS shares. Zacks Investment Research raised shares of Total System Services from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research report on Wednesday, May 31st. Instinet increased their target price on shares of Total System Services from $61.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, June 6th. BidaskClub downgraded shares of Total System Services from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Barclays PLC reissued an “overweight” rating and set a $72.00 target price (up previously from $67.00) on shares of Total System Services in a research report on Sunday, June 11th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $67.00 target price (up previously from $64.00) on shares of Total System Services in a research report on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $65.15.

Total System Services 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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