Total System Services, Inc. (NYSE:TSS) Short Interest Up 30.7% in June

Total System Services, Inc. (NYSE:TSS) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 3,762,900 shares, an increase of 30.7% from the May 30th total of 2,878,000 shares. Approximately 2.2% of the company’s shares are sold short. Based on an average daily volume of 1,780,000 shares, the days-to-cover ratio is currently 2.1 days.

Several hedge funds have recently modified their holdings of the business. Greatmark Investment Partners Inc. lifted its holdings in shares of Total System Services by 0.3% in the 1st quarter. Greatmark Investment Partners Inc. now owns 40,225 shares of the credit services provider’s stock worth $3,822,000 after buying an additional 110 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Total System Services by 1.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 12,533 shares of the credit services provider’s stock worth $1,111,000 after buying an additional 127 shares during the period. Piedmont Investment Advisors Inc. lifted its holdings in shares of Total System Services by 0.8% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 15,639 shares of the credit services provider’s stock worth $1,486,000 after buying an additional 127 shares during the period. Citizens Financial Group Inc RI lifted its holdings in shares of Total System Services by 3.3% in the 1st quarter. Citizens Financial Group Inc RI now owns 4,497 shares of the credit services provider’s stock worth $428,000 after buying an additional 143 shares during the period. Finally, Fulton Bank N.A. raised its position in shares of Total System Services by 7.8% in the 2nd quarter. Fulton Bank N.A. now owns 2,400 shares of the credit services provider’s stock worth $308,000 after acquiring an additional 173 shares in the last quarter. Institutional investors and hedge funds own 77.22% of the company’s stock.

TSS opened at $132.10 on Friday. The firm’s fifty day simple moving average is $126.49. Total System Services has a 52-week low of $75.58 and a 52-week high of $133.75. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.85. The stock has a market cap of $23.43 billion, a PE ratio of 31.01, a P/E/G ratio of 2.35 and a beta of 0.82.

Total System Services (NYSE:TSS) last issued its earnings results on Tuesday, April 23rd. The credit services provider reported $1.15 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $980.30 million during the quarter, compared to analysts’ expectations of $998.73 million. During the same period in the prior year, the business earned $1.13 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. Sell-side analysts anticipate that Total System Services will post 4.63 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Thursday, June 20th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend was Wednesday, June 19th. Total System Services’s dividend payout ratio is 12.21%.

A number of equities analysts have recently commented on TSS shares. BMO Capital Markets upgraded Tourmaline Oil from a “market perform” rating to an “outperform” rating in a report on Thursday, May 30th. Zacks Investment Research upgraded Iterum Therapeutics from a “hold” rating to a “buy” rating and set a $9.00 target price for the company in a report on Thursday, March 28th. Robert W. Baird boosted 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. Guggenheim restated a “hold” rating on shares of Burlington Stores in a report on Thursday, May 30th. Finally, Cowen cut Total System Services from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 29th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $107.29.

About Total System Services

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.

Featured Article: Dead Cat Bounce

Receive News & Ratings for Total System Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Total System Services and related companies with MarketBeat.com's FREE daily email newsletter.