Sawtooth Solutions LLC Acquires New Stake in Total System Services, Inc. (NYSE:TSS)

Sawtooth Solutions LLC acquired a new stake in Total System Services, Inc. (NYSE:TSS) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,615 shares of the credit services provider’s stock, valued at approximately $248,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Laurel Wealth Advisors LLC acquired a new stake in Total System Services during the 4th quarter worth $28,000. Berman Capital Advisors LLC lifted its stake in shares of Total System Services by 119.6% in the 1st quarter. Berman Capital Advisors LLC now owns 325 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 177 shares during the period. Icon Wealth Partners LLC acquired a new stake in shares of Total System Services in the 1st quarter worth $32,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Total System Services in the 1st quarter worth $33,000. Finally, Pittenger & Anderson Inc. acquired a new stake in shares of Total System Services in the 1st quarter worth $33,000. 77.36% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TSS traded down $0.10 during mid-day trading on Wednesday, hitting $127.41. The company had a trading volume of 21,381 shares, compared to its average volume of 1,702,952. The company has a debt-to-equity ratio of 1.85, a quick ratio of 2.17 and a current ratio of 2.17. Total System Services, Inc. has a 1-year low of $75.58 and a 1-year high of $130.62. The stock has a market capitalization of $22.90 billion, a PE ratio of 29.95, a P/E/G ratio of 2.29 and a beta of 0.84.

Total System Services (NYSE:TSS) last released its earnings results on Tuesday, April 23rd. The credit services provider reported $1.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.03. Total System Services had a net margin of 14.63% and a return on equity of 31.25%. The business had revenue of $980.30 million for the quarter, compared to analysts’ expectations of $998.73 million. During the same period last year, the company earned $1.13 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, 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 announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Thursday, June 20th will be given a $0.13 dividend. The ex-dividend date is Wednesday, June 19th. This represents a $0.52 annualized dividend and a dividend yield of 0.41%. Total System Services’s dividend payout ratio is presently 12.21%.

Several analysts have recently commented on the stock. BMO Capital Markets raised their target price on shares of Total System Services to $121.00 and gave the stock a “market perform” rating in a research note on Thursday, May 30th. Guggenheim cut shares of Total System Services from a “buy” rating to a “neutral” rating in a research note on Thursday, May 30th. Cowen cut shares of Total System Services from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 29th. ValuEngine upgraded shares of Total System Services from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Finally, KeyCorp raised their price objective on shares of Total System Services from $95.00 to $106.00 and gave the company an “overweight” rating in a research note on Wednesday, April 24th. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $102.47.

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

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