Total System Services, Inc. (NYSE:TSS) Short Interest Up 12.6% in July

Total System Services, Inc. (NYSE:TSS) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 4,237,700 shares, an increase of 12.6% from the June 15th total of 3,762,900 shares. Approximately 2.4% of the shares of the company are sold short. Based on an average trading volume of 1,710,000 shares, the short-interest ratio is presently 2.5 days.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its stake in Total System Services by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,016,145 shares of the credit services provider’s stock valued at $82,601,000 after purchasing an additional 28,439 shares in the last quarter. FMR LLC grew its holdings in Total System Services by 4.7% during the 1st quarter. FMR LLC now owns 4,342,960 shares of the credit services provider’s stock valued at $412,624,000 after buying an additional 195,217 shares during the last quarter. AlphaCrest Capital Management LLC grew its holdings in Total System Services by 315.8% during the 1st quarter. AlphaCrest Capital Management LLC now owns 25,158 shares of the credit services provider’s stock valued at $2,390,000 after buying an additional 19,108 shares during the last quarter. State Treasurer State of Michigan grew its holdings in Total System Services by 7.9% during the 1st quarter. State Treasurer State of Michigan now owns 311,653 shares of the credit services provider’s stock valued at $29,610,000 after buying an additional 22,900 shares during the last quarter. Finally, Chartwell Investment Partners LLC acquired a new stake in Total System Services during the 1st quarter valued at $1,632,000. 76.92% of the stock is owned by hedge funds and other institutional investors.

NYSE TSS traded up $1.39 during mid-day trading on Monday, hitting $138.00. The stock had a trading volume of 1,687,148 shares, compared to its average volume of 1,582,823. Total System Services has a 52-week low of $75.58 and a 52-week high of $138.66. The firm has a market cap of $24.37 billion, a P/E ratio of 32.38, a price-to-earnings-growth ratio of 2.43 and a beta of 0.82. The stock has a 50 day moving average price of $130.21. 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 company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Thursday, June 20th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.38%. The ex-dividend date was Wednesday, June 19th. Total System Services’s payout ratio is currently 12.21%.

TSS has been the subject of a number of analyst reports. Barclays set a $89.00 target price on Franco Nevada and gave the stock a “hold” rating in a research note on Friday, July 19th. Robert W. Baird set a $196.00 target price on Visa and gave the stock a “buy” rating in a research note on Friday, July 19th. KeyCorp reissued a “hold” rating on shares of Silgan in a research note on Wednesday, April 24th. ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, BMO Capital Markets raised Tourmaline Oil from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 30th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $114.67.

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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