McKinley Carter Wealth Services Inc. lifted its position in Total System Services, Inc. (NYSE:TSS) by 14.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,835 shares of the credit services provider’s stock after purchasing an additional 3,439 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in Total System Services were worth $2,645,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. Laurel Wealth Advisors LLC bought a new position in shares of Total System Services during the fourth quarter worth about $28,000. Patriot Financial Group Insurance Agency LLC bought a new position in Total System Services in the first quarter valued at approximately $33,000. Liberty Wealth Management LLC bought a new position in Total System Services in the fourth quarter valued at approximately $34,000. Exane Asset Management bought a new position in Total System Services in the fourth quarter valued at approximately $41,000. Finally, Tributary Capital Management LLC bought a new position in Total System Services in the fourth quarter valued at approximately $65,000. Hedge funds and other institutional investors own 77.36% of the company’s stock.
Several research analysts have recently commented on the company. BMO Capital Markets lifted their target price on Total System Services to $121.00 and gave the stock a “market perform” rating in a research note on Thursday, May 30th. Guggenheim downgraded Total System Services from a “buy” rating to a “neutral” rating in a research note on Thursday, May 30th. Cowen cut Total System Services from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 29th. ValuEngine raised Total System Services from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Finally, KeyCorp boosted their price target on Total System Services from $95.00 to $106.00 and gave the stock an “overweight” rating in a report on Wednesday, April 24th. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Total System Services currently has an average rating of “Buy” and a consensus price target of $102.47.
Total System Services (NYSE:TSS) last issued its quarterly earnings data on Tuesday, April 23rd. The credit services provider reported $1.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.03. Total System Services had a return on equity of 31.25% and a net margin of 14.63%. The company had revenue of $980.30 million for the quarter, compared to the consensus estimate of $998.73 million. During the same quarter last year, the business posted $1.13 earnings per share. The firm’s revenue was up 4.8% compared to the same quarter last year. Sell-side analysts expect that Total System Services, Inc. will post 4.63 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Thursday, June 20th will be paid a dividend of $0.13 per share. The ex-dividend date is Wednesday, June 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.41%. Total System Services’s dividend payout ratio (DPR) is currently 12.21%.
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Total System Services Company Profile
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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