Total System Services, Inc. (TSS) Holdings Trimmed by Riverhead Capital Management LLC

Riverhead Capital Management LLC lessened its holdings in shares of Total System Services, Inc. (NYSE:TSS) by 27.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,049 shares of the credit services provider’s stock after selling 7,385 shares during the quarter. Riverhead Capital Management LLC’s holdings in Total System Services were worth $1,110,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Regentatlantic Capital LLC grew its stake in Total System Services by 0.4% during the 2nd quarter. Regentatlantic Capital LLC now owns 4,756 shares of the credit services provider’s stock valued at $277,000 after purchasing an additional 19 shares in the last quarter. OLD National Bancorp IN grew its stake in Total System Services by 0.6% during the 2nd quarter. OLD National Bancorp IN now owns 3,882 shares of the credit services provider’s stock valued at $226,000 after purchasing an additional 25 shares in the last quarter. Capital Investment Advisors LLC grew its stake in Total System Services by 0.3% during the 2nd quarter. Capital Investment Advisors LLC now owns 18,983 shares of the credit services provider’s stock valued at $1,106,000 after purchasing an additional 54 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in Total System Services by 1.4% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 4,445 shares of the credit services provider’s stock valued at $259,000 after purchasing an additional 60 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Total System Services by 0.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,305 shares of the credit services provider’s stock valued at $717,000 after purchasing an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Shares of Total System Services, Inc. (NYSE:TSS) opened at 66.70 on Friday. The firm’s 50-day moving average price is $66.18 and its 200 day moving average price is $59.28. Total System Services, Inc. has a 52 week low of $46.22 and a 52 week high of $70.62. The company has a market cap of $12.29 billion, a P/E ratio of 32.36 and a beta of 1.13.

Total System Services (NYSE:TSS) last announced its earnings results on Tuesday, July 25th. The credit services provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.80 by $0.05. The business 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 revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.74 EPS. On average, equities analysts predict that Total System Services, Inc. will post $3.28 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 29th will be issued a $0.13 dividend. This is an increase from Total System Services’s previous quarterly dividend of $0.10. This represents a $0.52 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Wednesday, September 20th. Total System Services’s payout ratio is presently 19.51%.

TSS has been the subject of a number of recent analyst reports. Barclays PLC raised their price objective on Total System Services from $65.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, May 25th. Zacks Investment Research upgraded Total System Services from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research note on Wednesday, May 31st. Instinet raised their price objective on Total System Services from $61.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, June 6th. BidaskClub lowered Total System Services from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, BMO Capital Markets restated an “outperform” rating and set a $67.00 price objective (up previously from $64.00) on shares of Total System Services in a research note on Thursday, June 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have issued 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 target price of $65.25.

In other Total System Services news, Director Philip W. Tomlinson sold 220,974 shares of the company’s stock in a transaction 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 transaction, the director now owns 326,200 shares of the company’s stock, valued at approximately $20,762,630. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP G Sanders Griffith III sold 18,472 shares of the company’s 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 transaction, the executive vice president now directly owns 187,684 shares in the company, valued at approximately $11,871,013. The disclosure for this sale can be found here. Insiders sold a total of 243,503 shares of company stock worth $15,490,969 over the last three months. 2.60% of the stock is owned by company insiders.

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About Total System Services

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.

Institutional Ownership by Quarter for Total System Services (NYSE:TSS)

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