Susquehanna Fundamental Investments LLC Makes New Investment in Telephone and Data Systems, Inc. (NYSE:TDS)

Susquehanna Fundamental Investments LLC purchased a new position in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 192,628 shares of the Wireless communications provider's stock, valued at approximately $6,571,000. Susquehanna Fundamental Investments LLC owned approximately 0.17% of Telephone and Data Systems at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Independence Bank of Kentucky bought a new stake in Telephone and Data Systems during the 4th quarter worth approximately $41,000. Federated Hermes Inc. bought a new stake in shares of Telephone and Data Systems during the fourth quarter worth $56,000. SBI Securities Co. Ltd. acquired a new position in Telephone and Data Systems in the 4th quarter worth $74,000. Versant Capital Management Inc increased its holdings in Telephone and Data Systems by 14.5% during the 4th quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider's stock worth $82,000 after purchasing an additional 303 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Telephone and Data Systems by 74.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider's stock valued at $92,000 after purchasing an additional 1,156 shares in the last quarter. Institutional investors and hedge funds own 80.00% of the company's stock.

Analyst Upgrades and Downgrades

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

Telephone and Data Systems Trading Up 0.3 %

Shares of NYSE:TDS opened at $36.62 on Monday. The company's 50-day moving average price is $36.28 and its two-hundred day moving average price is $34.25. Telephone and Data Systems, Inc. has a one year low of $14.04 and a one year high of $41.21. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44. The stock has a market capitalization of $4.17 billion, a PE ratio of -6.78 and a beta of 0.62.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last issued its quarterly earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.32) by $0.23. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The firm had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.23 billion. On average, equities analysts forecast that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.44%. The ex-dividend date was Monday, March 17th. Telephone and Data Systems's dividend payout ratio (DPR) is currently -18.60%.

Telephone and Data Systems Company 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.

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