C WorldWide Group Holding A S reduced its stake in shares of Total System Services, Inc. (NYSE:TSS) by 56.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,300 shares of the credit services provider’s stock after selling 13,300 shares during the period. C WorldWide Group Holding A S’s holdings in Total System Services were worth $600,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of 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 last quarter. FMR LLC raised its stake in shares of 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. raised its stake in shares of 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. Strs Ohio raised its stake in shares of Total System Services by 405.1% in the first quarter. Strs Ohio now owns 1,218,151 shares of the credit services provider’s stock valued at $65,122,000 after buying an additional 976,975 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of 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. Institutional investors and hedge funds own 75.26% of the company’s stock.

Total System Services, Inc. (NYSE:TSS) opened at 63.06 on Friday. The stock has a 50 day moving average price of $61.27 and a 200-day moving average price of $56.87. Total System Services, Inc. has a 12-month low of $46.22 and a 12-month high of $64.94. The firm has a market cap of $11.62 billion, a price-to-earnings ratio of 30.60 and a beta of 1.14.

Total System Services (NYSE:TSS) last released its earnings results on Tuesday, July 25th. The credit services provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates 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%. Total System Services’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.74 EPS. Equities analysts forecast that Total System Services, Inc. will post $3.28 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 29th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.82%. This is a boost from Total System Services’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, September 20th. Total System Services’s dividend payout ratio is presently 19.51%.

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Several equities research analysts have recently weighed in on the company. Wedbush reissued an “outperform” rating and set a $72.00 target price on shares of Total System Services in a research report on Wednesday. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Total System Services in a research report on Thursday, July 27th. BMO Capital Markets raised their target price on Total System Services from $62.90 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 26th. Deutsche Bank AG reissued a “hold” rating and set a $65.00 target price (up previously from $57.00) on shares of Total System Services in a research report on Wednesday, July 26th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $63.00 target price (up previously from $58.00) on shares of Total System Services in a research report on Wednesday, July 26th. Seven investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Total System Services has an average rating of “Buy” and an average target price of $63.85.

In other news, Director Philip W. Tomlinson sold 220,974 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $63.65, for a total transaction of $14,064,995.10. Following the sale, the director now directly owns 326,200 shares in the company, valued at approximately $20,762,630. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP G Sanders Griffith III sold 18,472 shares of the 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 sale, the executive vice president now owns 187,684 shares in the company, valued at $11,871,013. The disclosure for this sale can be found here. Insiders have sold a total of 287,446 shares of company stock worth $18,074,469 over the last quarter. Insiders own 2.60% of the company’s stock.

Total System Services Company 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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