Retirement Systems of Alabama Sells 2,380 Shares of Total System Services, Inc. (NYSE:TSS)

Retirement Systems of Alabama lowered its stake in shares of Total System Services, Inc. (NYSE:TSS) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,938 shares of the credit services provider’s stock after selling 2,380 shares during the period. Retirement Systems of Alabama owned 0.09% of Total System Services worth $9,491,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TSS. Macquarie Group Ltd. raised its position in Total System Services by 34.6% in the fourth quarter. Macquarie Group Ltd. now owns 12,800 shares of the credit services provider’s stock valued at $628,000 after buying an additional 3,291 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its position in Total System Services by 2.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 142,255 shares of the credit services provider’s stock valued at $7,605,000 after buying an additional 4,013 shares in the last quarter. Gulf International Bank UK Ltd raised its position in Total System Services by 1.7% in the first quarter. Gulf International Bank UK Ltd now owns 54,542 shares of the credit services provider’s stock valued at $2,915,000 after buying an additional 900 shares in the last quarter. Bank of Montreal Can raised its position in Total System Services by 10.0% in the first quarter. Bank of Montreal Can now owns 318,717 shares of the credit services provider’s stock valued at $17,039,000 after buying an additional 28,909 shares in the last quarter. Finally, Parametrica Management Ltd acquired a new position in Total System Services during the first quarter valued at approximately $245,000. 75.26% of the stock is currently owned by institutional investors.

Shares of Total System Services, Inc. (TSS) opened at 63.06 on Friday. Total System Services, Inc. has a 52-week low of $46.22 and a 52-week high of $64.94. The stock has a market capitalization of $11.62 billion, a PE ratio of 30.60 and a beta of 1.14. The stock has a 50 day moving average of $61.27 and a 200 day moving average of $56.87.

Total System Services (NYSE:TSS) last announced its quarterly earnings data on Tuesday, July 25th. The credit services provider reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.05. The firm had revenue of $844.07 million during the quarter, compared to analyst estimates of $842.57 million. Total System Services had a net margin of 8.78% and a return on equity of 25.49%. Total System Services’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the firm posted $0.74 EPS. Analysts forecast that Total System Services, Inc. will post $3.28 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 29th will be given a $0.13 dividend. This is a positive change from Total System Services’s previous quarterly dividend of $0.10. This represents a $0.52 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Wednesday, September 20th. Total System Services’s dividend payout ratio (DPR) is presently 19.51%.

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Several equities analysts recently commented on TSS shares. Pacific Crest reaffirmed an “overweight” rating and set a $58.00 target price on shares of Total System Services in a report on Monday, April 24th. Stifel Nicolaus set a $65.00 price target on shares of Total System Services and gave the stock a “buy” rating in a report on Wednesday, April 26th. First Analysis lowered shares of Total System Services from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $60.00 to $63.00 in a report on Wednesday, May 3rd. They noted that the move was a valuation call. Goldman Sachs Group, Inc. (The) raised shares of Total System Services from a “neutral” rating to a “buy” rating and raised their price target for the stock from $60.00 to $68.00 in a report on Monday, May 8th. Finally, Barclays PLC raised their price target on shares of Total System Services from $65.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, May 25th. Seven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $63.85.

In related news, EVP G Sanders Griffith III sold 18,472 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $63.25, for a total value of $1,168,354.00. Following the completion of the transaction, the executive vice president now directly owns 187,684 shares of the company’s stock, valued at approximately $11,871,013. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard W. Ussery sold 48,000 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $59.19, for a total transaction of $2,841,120.00. Following the completion of the transaction, the director now directly owns 219,968 shares of the company’s stock, valued at $13,019,905.92. The disclosure for this sale can be found here. Insiders sold a total of 287,446 shares of company stock valued at $18,074,469 over the last ninety days. 2.60% of the stock is currently owned by insiders.

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.

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

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