Public Employees Retirement System of Ohio lowered its stake in Total System Services, Inc. (NYSE:TSS) by 54.0% in the second quarter, Holdings Channel reports. The fund owned 59,870 shares of the credit services provider’s stock after selling 70,238 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Total System Services were worth $7,680,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Coastal Investment Advisors Inc. acquired a new stake in Total System Services during the 2nd quarter valued at approximately $26,000. Berman Capital Advisors LLC lifted its holdings in shares of 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 worth $30,000 after buying an additional 177 shares in the last quarter. Icon Wealth Partners LLC bought a new position in shares of Total System Services in the first quarter valued at approximately $32,000. Pittenger & Anderson Inc. bought a new position in shares of Total System Services in the first quarter valued at approximately $33,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in Total System Services during the second quarter valued at approximately $33,000. Institutional investors own 78.66% of the company’s stock.
A number of research firms recently weighed in on TSS. Guggenheim cut shares of Total System Services from a “buy” rating to a “neutral” rating in a research note on Thursday, May 30th. Robert W. Baird set a $148.00 price target on shares of Total System Services and gave the company a “buy” rating in a research report on Friday, July 19th. Cowen cut shares of Total System Services from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 29th. Barclays increased their price objective on Total System Services from $146.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, BMO Capital Markets lifted their price objective on Total System Services to $121.00 and gave the company a “market perform” rating in a research note on Thursday, May 30th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Total System Services presently has an average rating of “Buy” and a consensus price target of $116.18.
NYSE:TSS traded up $0.14 during trading hours on Wednesday, reaching $133.84. The company had a trading volume of 415,483 shares, compared to its average volume of 992,353. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 1.69. Total System Services, Inc. has a 52 week low of $75.58 and a 52 week high of $142.30. The firm has a market cap of $24.42 billion, a price-to-earnings ratio of 31.42, a PEG ratio of 2.45 and a beta of 0.86. The firm’s 50 day moving average price is $131.81 and its 200-day moving average price is $114.98.
Total System Services (NYSE:TSS) last released its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.06. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Total System Services had a return on equity of 32.26% and a net margin of 15.03%. The company’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.11 EPS. On average, analysts forecast that Total System Services, Inc. will post 4.64 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.39%. The ex-dividend date is Thursday, September 12th. Total System Services’s payout ratio is currently 12.21%.
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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