Total System Services, Inc. (NYSE:TSS) was the target of some unusual options trading activity on Friday. Investors acquired 1,236 call options on the company. This is an increase of approximately 836% compared to the average daily volume of 132 call options.
In other Total System Services news, EVP Patricia A. Watson sold 23,608 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $74.01, for a total transaction of $1,747,228.08. Following the completion of the transaction, the executive vice president now owns 21,112 shares of the company’s stock, valued at $1,562,499.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of TSS. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Total System Services by 13.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,959 shares of the credit services provider’s stock worth $114,000 after acquiring an additional 228 shares during the last quarter. Acrospire Investment Management LLC boosted its stake in shares of Total System Services by 122.2% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,000 shares of the credit services provider’s stock worth $117,000 after acquiring an additional 1,100 shares during the last quarter. TLP Group LLC purchased a new position in shares of Total System Services during the 2nd quarter worth $122,000. Parkwood LLC purchased a new position in shares of Total System Services during the 3rd quarter worth $200,000. Finally, Reliance Trust Co. purchased a new position in shares of Total System Services during the 3rd quarter worth $211,000. Institutional investors and hedge funds own 75.93% of the company’s stock.
A number of research firms have recently commented on TSS. Mizuho reiterated a “hold” rating and set a $85.00 price target on shares of Total System Services in a report on Thursday. Royal Bank of Canada reiterated a “buy” rating and set a $90.00 price target on shares of Total System Services in a report on Thursday. Zacks Investment Research cut shares of Total System Services from a “buy” rating to a “hold” rating and set a $88.00 price target on the stock. in a report on Friday. Robert W. Baird reiterated a “buy” rating on shares of Total System Services in a report on Tuesday, September 26th. Finally, Citigroup increased their price target on shares of Total System Services from $71.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Total System Services currently has a consensus rating of “Buy” and a consensus price target of $73.42.
Shares of Total System Services (TSS) opened at $79.94 on Monday. Total System Services has a fifty-two week low of $49.98 and a fifty-two week high of $80.51. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market cap of $14,696.65, a P/E ratio of 35.53, a P/E/G ratio of 1.79 and a beta of 1.10.
Total System Services (NYSE:TSS) last issued its earnings results on Tuesday, October 24th. The credit services provider reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.07. Total System Services had a net margin of 8.73% and a return on equity of 26.25%. The company had revenue of $852.80 million for the quarter, compared to analysts’ expectations of $842.30 million. During the same quarter last year, the company posted $0.71 earnings per share. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. analysts expect that Total System Services will post 3.2 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Thursday, December 21st were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend was Wednesday, December 20th. Total System Services’s dividend payout ratio is presently 23.11%.
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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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