Total System Services, Inc. (NYSE:TSS) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 3,762,900 shares, a growth of 30.7% from the May 30th total of 2,878,000 shares. Based on an average daily volume of 1,780,000 shares, the short-interest ratio is currently 2.1 days. Currently, 2.2% of the shares of the company are sold short.
Hedge funds have recently modified their holdings of the business. Berman Capital Advisors LLC boosted its position in Total System Services by 119.6% during the first quarter. Berman Capital Advisors LLC now owns 325 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 177 shares in the last quarter. Icon Wealth Partners LLC purchased a new position in Total System Services during the first quarter worth approximately $32,000. Patriot Financial Group Insurance Agency LLC purchased a new position in Total System Services during the first quarter worth approximately $33,000. Pittenger & Anderson Inc. purchased a new position in Total System Services during the first quarter worth approximately $33,000. Finally, Liberty Wealth Management LLC purchased a new position in Total System Services during the fourth quarter worth approximately $34,000. Institutional investors own 77.22% of the company’s stock.
Shares of TSS opened at $132.10 on Friday. Total System Services has a 52 week low of $75.58 and a 52 week high of $133.75. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.85. The stock has a market capitalization of $23.43 billion, a P/E ratio of 31.01, a price-to-earnings-growth ratio of 2.35 and a beta of 0.82. The business has a 50-day moving average of $126.49.
Total System Services (NYSE:TSS) last issued its earnings results on Tuesday, April 23rd. The credit services provider reported $1.15 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $980.30 million for the quarter, compared to the consensus estimate of $998.73 million. During the same quarter in the prior year, the business earned $1.13 earnings per share. The company’s revenue was up 4.8% compared to the same quarter last year. Equities research analysts expect that Total System Services will post 4.63 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Thursday, June 20th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, June 19th. This represents a $0.52 dividend on an annualized basis and a yield of 0.39%. Total System Services’s dividend payout ratio is currently 12.21%.
A number of research analysts have recently weighed in on the company. Robert W. Baird increased their price objective on Total System Services from $98.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, March 29th. Zacks Investment Research upgraded Iterum Therapeutics from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a research note on Thursday, March 28th. BMO Capital Markets upgraded Tourmaline Oil from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 30th. KeyCorp restated a “hold” rating on shares of Silgan in a research note on Wednesday, April 24th. Finally, Goldman Sachs Group downgraded Megaport from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 17th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $107.29.
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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