O Shaughnessy Asset Management LLC Invests $242,000 in Telephone and Data Systems, Inc. (NYSE:TDS)

O Shaughnessy Asset Management LLC bought a new stake in Telephone and Data Systems, Inc. (NYSE:TDS) during the fourth quarter, HoldingsChannel.com reports. The fund bought 7,081 shares of the Wireless communications provider’s stock, valued at approximately $242,000.

Several other institutional investors have also recently bought and sold shares of TDS. Independence Bank of Kentucky acquired a new stake in shares of Telephone and Data Systems in the fourth quarter valued at approximately $41,000. SBI Securities Co. Ltd. bought a new position in Telephone and Data Systems in the fourth quarter valued at $74,000. Versant Capital Management Inc increased its stake in Telephone and Data Systems by 14.5% in the 4th quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider’s stock valued at $82,000 after buying an additional 303 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Telephone and Data Systems by 74.5% during the 4th quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider’s stock worth $92,000 after buying an additional 1,156 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Telephone and Data Systems by 139.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,749 shares of the Wireless communications provider’s stock worth $128,000 after buying an additional 2,186 shares during the last quarter. Institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Price Performance

Shares of TDS opened at $35.66 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85. The company’s fifty day simple moving average is $36.68 and its 200 day simple moving average is $33.28. Telephone and Data Systems, Inc. has a 1-year low of $14.04 and a 1-year high of $41.21. The company has a market cap of $4.07 billion, a price-to-earnings ratio of -6.60 and a beta of 0.62.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.23. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. On average, research analysts forecast that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a $0.04 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.45%. Telephone and Data Systems’s payout ratio is -18.60%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lifted their target price on Telephone and Data Systems from $53.00 to $56.00 and gave the company an “overweight” rating in a research report on Monday, February 24th.

Telephone and Data Systems Profile

Telephone and Data Systems, Inc, a telecommunications company, provides communications services in the United States. It operates through two segments: UScellular and TDS Telecom. The company offers wireless solutions to consumers, and business and government customers, including a suite of connected Internet of things (IoT) solutions, and software applications for monitor and control, business automation/operations, communication, fleet and asset management, smart water solutions, private cellular networks and custom, and end-to-end IoT solutions; wireless priority services and quality priority and preemption options; smartphones and other handsets, tablets, wearables, mobile hotspots, fixed wireless home internet, and IoT devices; and accessories, such as cases, screen protectors, chargers, and memory cards, as well as consumer electronics, including audio, home automation and networking products.