Wealthfront Advisers LLC Acquires 329 Shares of Total System Services, Inc. (NYSE:TSS)
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.
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%.
COPYRIGHT VIOLATION WARNING: “Wealthfront Advisers LLC Acquires 329 Shares of Total System Services, Inc. (NYSE:TSS)” was published by Watch List News and is the property of of Watch List News. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.watchlistnews.com/wealthfront-advisers-llc-acquires-329-shares-of-total-system-services-inc-nysetss/3041692.html.
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.
Featured Story: Insider Trading
Want to see what other hedge funds are holding TSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Total System Services, Inc. (NYSE:TSS).
Receive News & Ratings for Total System Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Total System Services and related companies with MarketBeat.com's FREE daily email newsletter.