Westfield Capital Management Co. LP Lowers Stake in Total System Services, Inc. (TSS)

Westfield Capital Management Co. LP cut its position in shares of Total System Services, Inc. (NYSE:TSS) by 4.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 839,285 shares of the credit services provider’s stock after selling 42,293 shares during the period. Westfield Capital Management Co. LP owned about 0.46% of Total System Services worth $48,888,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TSS. Bronfman E.L. Rothschild L.P. increased its position in shares of Total System Services by 13.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,959 shares of the credit services provider’s stock valued at $114,000 after purchasing an additional 228 shares during the period. Pacer Advisors Inc. increased its position in shares of Total System Services by 3.4% during the first quarter. Pacer Advisors Inc. now owns 3,597 shares of the credit services provider’s stock valued at $192,000 after purchasing an additional 119 shares during the period. Doyle Wealth Management bought a new stake in shares of Total System Services during the second quarter valued at approximately $205,000. Texas Yale Capital Corp. bought a new stake in shares of Total System Services during the second quarter valued at approximately $205,000. Finally, Palisades Hudson Asset Management L.P. bought a new stake in shares of Total System Services during the second quarter valued at approximately $208,000. Institutional investors and hedge funds own 76.14% of the company’s stock.

A number of analysts have recently issued reports on TSS shares. BidaskClub upgraded Total System Services from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Zacks Investment Research upgraded Total System Services from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research report on Friday, July 14th. Stifel Nicolaus restated a “buy” rating and set a $67.00 price objective (up from $65.00) on shares of Total System Services in a research report on Thursday, July 13th. Instinet boosted their price objective on Total System Services from $61.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, June 6th. Finally, Keefe, Bruyette & Woods restated a “buy” rating on shares of Total System Services in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $65.25.

Total System Services, Inc. (NYSE:TSS) traded down 0.68% during trading on Friday, reaching $66.70. The company’s stock had a trading volume of 1,509,017 shares. The stock has a market cap of $12.29 billion, a P/E ratio of 32.36 and a beta of 1.13. Total System Services, Inc. has a 1-year low of $46.22 and a 1-year high of $70.62. The company’s 50 day moving average price is $66.18 and its 200-day moving average price is $59.28.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 29th will be paid a $0.13 dividend. This is a positive change from Total System Services’s previous quarterly dividend of $0.10. The ex-dividend date is Wednesday, September 20th. This represents a $0.52 annualized dividend and a dividend yield of 0.78%. Total System Services’s dividend payout ratio (DPR) is presently 19.51%.

In other news, EVP G Sanders Griffith III sold 18,472 shares of Total System Services 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 owns 187,684 shares in the company, valued at approximately $11,871,013. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Paul M. Todd sold 4,057 shares of Total System Services stock in a transaction on Monday, August 14th. The shares were sold at an average price of $63.50, for a total value of $257,619.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 243,503 shares of company stock worth $15,490,969. Corporate insiders own 2.60% of the company’s stock.

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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.

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

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