Oppenheimer Asset Management Inc. lessened its stake in Total System Services, Inc. (NYSE:TSS) by 13.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,972 shares of the credit services provider’s stock after selling 781 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Total System Services were worth $638,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. SG3 Management LLC bought a new position in shares of Total System Services during the 2nd quarter worth $641,000. Ontario Teachers Pension Plan Board increased its holdings in shares of Total System Services by 54.9% in the 2nd quarter. Ontario Teachers Pension Plan Board now owns 40,001 shares of the credit services provider’s stock valued at $5,131,000 after acquiring an additional 14,172 shares during the period. Bank of Montreal Can increased its holdings in shares of Total System Services by 152.0% in the 2nd quarter. Bank of Montreal Can now owns 544,094 shares of the credit services provider’s stock valued at $69,791,000 after acquiring an additional 328,144 shares during the period. Cognios Capital LLC purchased a new position in shares of Total System Services in the 2nd quarter valued at $2,105,000. Finally, Panagora Asset Management Inc. raised its position in shares of Total System Services by 31.0% in the 2nd quarter. Panagora Asset Management Inc. now owns 28,960 shares of the credit services provider’s stock worth $3,715,000 after acquiring an additional 6,853 shares in the last quarter. Institutional investors own 78.66% of the company’s stock.
A number of equities research analysts recently weighed in on the company. Cowen cut Total System Services from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 29th. Barclays increased their price objective on shares of Total System Services from $146.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Guggenheim downgraded shares of Total System Services from a “buy” rating to a “neutral” rating in a research report on Thursday, May 30th. Robert W. Baird set a $148.00 price target on shares of Total System Services and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, BMO Capital Markets raised their price target on shares of Total System Services to $121.00 and gave the stock a “market perform” rating in a report on Thursday, May 30th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $116.18.
Shares of NYSE:TSS traded down $0.69 during trading on Wednesday, hitting $133.01. The stock had a trading volume of 287,274 shares, compared to its average volume of 992,353. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 1.69. Total System Services, Inc. has a 12-month low of $75.58 and a 12-month high of $142.30. The stock has a market capitalization of $24.42 billion, a price-to-earnings ratio of 31.22, a price-to-earnings-growth ratio of 2.45 and a beta of 0.86. The stock has a 50-day simple moving average of $131.81 and a two-hundred day simple moving average of $114.98.
Total System Services (NYSE:TSS) last issued its earnings results on Wednesday, July 31st. The credit services provider reported $1.27 EPS for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.06. Total System Services had a return on equity of 32.26% and a net margin of 15.03%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the firm earned $1.11 earnings per share. Total System Services’s revenue for the quarter was up 2.8% on a year-over-year basis. As a group, sell-side analysts forecast that Total System Services, Inc. will post 4.64 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Thursday, September 12th. Total System Services’s dividend payout ratio is presently 12.21%.
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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