Mitsubishi UFJ Trust & Banking Corp lifted its position in Total System Services, Inc. (NYSE:TSS) by 4.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 334,352 shares of the credit services provider’s stock after acquiring an additional 12,890 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.18% of Total System Services worth $19,476,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TSS. BlackRock Inc. increased 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 worth $594,599,000 after acquiring an additional 10,701,089 shares in the last quarter. FMR LLC increased its position 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 worth $600,086,000 after acquiring an additional 1,447,047 shares in the last quarter. Point72 Asset Management L.P. increased its position 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 worth $127,600,000 after acquiring an additional 996,260 shares in the last quarter. Wellington Management Group LLP increased its position 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 worth $232,761,000 after acquiring an additional 824,600 shares in the last quarter. Finally, Glenview Capital Management LLC purchased a new position in shares of Total System Services in the first quarter worth approximately $39,167,000. 76.14% of the stock is currently owned by institutional investors and hedge funds.

TSS has been the topic of several analyst reports. Stifel Nicolaus reissued a “buy” rating and issued a $67.00 target price (up from $65.00) on shares of Total System Services in a research report on Thursday, July 13th. Instinet lifted their target price on shares of Total System Services from $61.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, June 6th. Goldman Sachs Group, Inc. (The) raised shares of Total System Services from a “neutral” rating to a “buy” rating in a research report on Monday, May 15th. Zacks Investment Research raised shares of Total System Services from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research report on Wednesday, May 31st. Finally, BidaskClub raised shares of Total System Services from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Seven research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Total System Services currently has an average rating of “Buy” and an average price target of $65.05.

In other news, Director Richard W. Ussery sold 48,000 shares of Total System Services stock in a transaction on Monday, June 12th. The stock was sold at an average price of $59.19, for a total transaction of $2,841,120.00. Following the completion of the sale, the director now owns 219,968 shares of the company’s stock, valued at $13,019,905.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP G Sanders Griffith III sold 18,472 shares of Total System Services stock in a transaction 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 directly owns 187,684 shares of the company’s stock, valued at approximately $11,871,013. The disclosure for this sale can be found here. Insiders have sold a total of 291,503 shares of company stock valued at $18,332,089 in the last ninety days. Insiders own 2.60% of the company’s stock.

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Shares of Total System Services, Inc. (TSS) opened at 68.95 on Tuesday. Total System Services, Inc. has a 1-year low of $46.22 and a 1-year high of $69.46. The firm has a 50-day moving average of $64.41 and a 200-day moving average of $58.38. The firm has a market capitalization of $12.70 billion, a PE ratio of 33.45 and a beta of 1.13.

Total System Services (NYSE:TSS) last announced its quarterly 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 business had revenue of $844.07 million during the quarter, compared to the consensus estimate of $842.57 million. During the same quarter last year, the firm posted $0.74 EPS. The company’s quarterly revenue was up 6.2% on a year-over-year basis. On average, equities research analysts anticipate that Total System Services, Inc. will post $3.28 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 29th will be issued a dividend of $0.13 per share. This is an increase from Total System Services’s previous quarterly dividend of $0.10. The ex-dividend date is Wednesday, September 20th. This represents a $0.52 annualized dividend and a yield of 0.75%. Total System Services’s dividend payout ratio (DPR) is currently 19.51%.

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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