Airain ltd decreased its stake in Total System Services, Inc. (NYSE:TSS) by 40.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 28,890 shares of the credit services provider’s stock after selling 19,666 shares during the period. Airain ltd’s holdings in Total System Services were worth $1,683,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Total System Services by 2,540.3% in the first quarter. BlackRock Inc. now owns 11,122,344 shares of the credit services provider’s stock valued at $594,599,000 after buying an additional 10,701,089 shares during the period. FMR LLC boosted its stake in Total System Services by 14.8% in the first quarter. FMR LLC now owns 11,224,948 shares of the credit services provider’s stock valued at $600,086,000 after buying an additional 1,447,047 shares during the period. Point72 Asset Management L.P. boosted its stake in Total System Services by 71.6% in the first quarter. Point72 Asset Management L.P. now owns 2,386,830 shares of the credit services provider’s stock valued at $127,600,000 after buying an additional 996,260 shares during the period. Wellington Management Group LLP boosted its stake in Total System Services by 23.4% in the first quarter. Wellington Management Group LLP now owns 4,353,926 shares of the credit services provider’s stock valued at $232,761,000 after buying an additional 824,600 shares during the period. Finally, Glenview Capital Management LLC purchased a new stake in Total System Services during the first quarter valued at $39,167,000. Institutional investors own 76.12% of the company’s stock.

Total System Services, Inc. (TSS) opened at 68.20 on Thursday. The company has a market capitalization of $12.57 billion, a price-to-earnings ratio of 33.09 and a beta of 1.14. The firm has a 50 day moving average of $63.19 and a 200-day moving average of $57.86. Total System Services, Inc. has a 1-year low of $46.22 and a 1-year high of $68.31.

Total System Services (NYSE:TSS) last posted its earnings results on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.05. Total System Services had a return on equity of 25.49% and a net margin of 8.78%. The company had revenue of $844.07 million for 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 quarterly revenue was up 6.2% compared to the same quarter last year. On average, equities research analysts anticipate that Total System Services, Inc. will post $3.28 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 29th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Wednesday, September 20th. This is a positive change from Total System Services’s previous quarterly dividend of $0.10. Total System Services’s payout ratio is 19.51%.

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TSS has been the subject of several recent analyst reports. Northcoast Research initiated coverage on shares of Total System Services in a research report on Friday, June 30th. They set a “neutral” rating for the company. BMO Capital Markets reiterated an “outperform” rating and set a $67.00 price objective (up from $64.00) on shares of Total System Services in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) upgraded shares of Total System Services from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $60.00 to $68.00 in a research report on Monday, May 8th. First Analysis cut shares of Total System Services from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $60.00 to $63.00 in a research report on Wednesday, May 3rd. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of Total System Services from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Seven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. Total System Services has an average rating of “Buy” and a consensus target price of $65.05.

In other Total System Services news, Director Richard W. Ussery sold 48,000 shares of Total System Services stock in a transaction dated 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 transaction, the director now owns 219,968 shares in the company, valued at $13,019,905.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Philip W. Tomlinson sold 220,974 shares of Total System Services stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $63.65, for a total value of $14,064,995.10. Following the completion of the transaction, the director now owns 326,200 shares in the company, valued at approximately $20,762,630. The disclosure for this sale can be found here. Insiders sold 291,503 shares of company stock worth $18,332,089 in the last quarter. 2.60% of the stock is owned by insiders.

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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