Wealthfront Advisers LLC lifted its holdings in shares of Total System Services, Inc. (NYSE:TSS) by 3.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,219 shares of the credit services provider’s stock after purchasing an additional 329 shares during the quarter. Wealthfront Advisers LLC’s holdings in Total System Services were worth $1,066,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Berman Capital Advisors LLC increased its stake in Total System Services by 119.6% in the first quarter. Berman Capital Advisors LLC now owns 325 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 177 shares during the last quarter. Icon Wealth Partners LLC bought a new position in Total System Services in the first quarter valued at approximately $32,000. Laurel Wealth Advisors LLC bought a new position in Total System Services in the fourth quarter valued at approximately $28,000. Patriot Financial Group Insurance Agency LLC bought a new position in Total System Services in the first quarter valued at approximately $33,000. Finally, Pittenger & Anderson Inc. bought a new position in Total System Services in the first quarter valued at approximately $33,000. 77.36% of the stock is currently owned by institutional investors.

TSS has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Total System Services from a “sell” rating to a “hold” rating in a research note on Thursday, February 28th. BMO Capital Markets lifted their price objective on shares of Total System Services from $100.00 to $103.00 and gave the company a “market perform” rating in a research note on Thursday, April 25th. ValuEngine raised shares of Total System Services from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. KeyCorp lifted their price objective on shares of Total System Services from $95.00 to $106.00 and gave the company an “overweight” rating in a research note on Wednesday, April 24th. They noted that the move was a valuation call. Finally, Cowen cut shares of Total System Services from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 29th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Total System Services currently has an average rating of “Buy” and an average price target of $102.47.

Shares of NYSE TSS traded up $0.42 during midday trading on Friday, reaching $127.10. 34,489 shares of the company were exchanged, compared to its average volume of 2,777,735. The stock has a market cap of $22.58 billion, a PE ratio of 29.86, a PEG ratio of 2.26 and a beta of 0.85. Total System Services, Inc. has a one year low of $75.58 and a one year high of $130.62. The company has a debt-to-equity ratio of 1.85, a quick ratio of 2.17 and a current ratio of 2.17.

Total System Services (NYSE:TSS) last posted its earnings results on Tuesday, April 23rd. The credit services provider reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.03. The firm had revenue of $980.30 million for the quarter, compared to analysts’ expectations of $998.73 million. Total System Services had a net margin of 14.63% and a return on equity of 31.25%. The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.13 earnings per share. As a group, sell-side analysts predict that Total System Services, Inc. will post 4.63 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Thursday, June 20th will be paid a dividend of $0.13 per share. The ex-dividend date is Wednesday, June 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.41%. Total System Services’s payout ratio is presently 12.21%.

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About Total System Services

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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Institutional Ownership by Quarter for Total System Services (NYSE:TSS)

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