G Sanders Griffith III Sells 18,472 Shares of Total System Services, Inc. (TSS) Stock

Total System Services, Inc. (NYSE:TSS) EVP G Sanders Griffith III sold 18,472 shares of the 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Total System Services, Inc. (NYSE:TSS) opened at 64.95 on Friday. The firm has a market capitalization of $11.97 billion, a P/E ratio of 31.51 and a beta of 1.14. The stock’s 50 day moving average price is $62.14 and its 200 day moving average price is $57.33. Total System Services, Inc. has a 52 week low of $46.22 and a 52 week high of $65.62.

Total System Services (NYSE:TSS) last posted its earnings results on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.05. The business had revenue of $844.07 million for the quarter, compared to analysts’ expectations of $842.57 million. Total System Services had a net margin of 8.78% and a return on equity of 25.49%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 earnings per share. On average, 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. Investors of record on Friday, September 29th will be paid a $0.13 dividend. The ex-dividend date is Wednesday, September 20th. This represents a $0.52 dividend on an annualized basis and a yield of 0.80%. This is a boost from Total System Services’s previous quarterly dividend of $0.10. Total System Services’s payout ratio is presently 19.51%.

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Several research analysts recently weighed in on TSS shares. Pacific Crest reaffirmed an “overweight” rating and issued a $58.00 target price on shares of Total System Services in a research report on Monday, April 24th. Stifel Nicolaus set a $65.00 target price on Total System Services and gave the stock a “buy” rating in a research report on Wednesday, April 26th. First Analysis lowered Total System Services from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $60.00 to $63.00 in a research report on Wednesday, May 3rd. They noted that the move was a valuation call. Goldman Sachs Group, Inc. (The) raised Total System Services from a “neutral” rating to a “buy” rating and increased their target price for the stock from $60.00 to $68.00 in a research report on Monday, May 8th. Finally, Barclays PLC increased their target price on Total System Services from $65.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, May 25th. Seven research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Total System Services currently has a consensus rating of “Buy” and a consensus target price of $64.05.

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Total System Services by 3.3% in the second quarter. Vanguard Group Inc. now owns 16,532,149 shares of the credit services provider’s stock worth $962,997,000 after buying an additional 525,686 shares during the last quarter. Synovus Financial Corp boosted its stake in Total System Services by 1.0% in the second quarter. Synovus Financial Corp now owns 13,709,409 shares of the credit services provider’s stock worth $798,579,000 after buying an additional 134,998 shares during the last quarter. FMR LLC boosted its stake in 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 buying an additional 1,447,047 shares during the last quarter. BlackRock Inc. boosted its stake in 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 buying an additional 10,701,089 shares during the last quarter. Finally, State Street Corp boosted its stake in Total System Services by 0.9% in the first quarter. State Street Corp now owns 7,038,746 shares of the credit services provider’s stock worth $376,286,000 after buying an additional 62,264 shares during the last quarter. 75.66% of the stock is currently owned by institutional investors and hedge funds.

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.

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