Royal Bank Of Canada Reiterates Buy Rating for Total System Services, Inc. (TSS)
Total System Services, Inc. (NYSE:TSS)‘s stock had its “buy” rating reiterated by research analysts at Royal Bank Of Canada in a research note issued to investors on Friday. They currently have a $75.00 price objective on the credit services provider’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 14.50% from the company’s current price.
A number of other brokerages have also issued reports on TSS. Cowen and Company reiterated a “buy” rating and issued a $67.00 price objective on shares of Total System Services in a report on Thursday, September 7th. Bank of America Corporation assumed coverage on shares of Total System Services in a report on Tuesday, September 12th. They issued an “underperform” rating and a $64.00 price objective for the company. KeyCorp reiterated an “overweight” rating on shares of Total System Services in a report on Thursday, August 31st. Zacks Investment Research upgraded shares of Total System Services from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a report on Wednesday, August 30th. Finally, Stifel Nicolaus lowered shares of Total System Services from a “buy” rating to a “hold” rating and set a $69.00 price objective for the company. in a report on Tuesday, September 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Total System Services presently has an average rating of “Buy” and an average price target of $65.68.
Shares of Total System Services (TSS) opened at 65.50 on Friday. Total System Services has a 12 month low of $46.22 and a 12 month high of $70.62. The firm has a market cap of $12.07 billion, a PE ratio of 31.78 and a beta of 1.13. The stock’s 50 day moving average is $66.32 and its 200 day moving average is $59.51.
Total System Services (NYSE:TSS) last issued its quarterly earnings data on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.05. The business had revenue of $844.07 million during the quarter, compared to analyst estimates of $842.57 million. Total System Services had a net margin of 8.78% and a return on equity of 25.49%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business earned $0.74 EPS. Analysts forecast that Total System Services will post $3.28 EPS for the current fiscal year.
In related news, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP G Sanders Griffith III sold 18,472 shares of Total System Services stock in a transaction on Friday, July 28th. The shares were sold at an average price of $63.25, for a total transaction of $1,168,354.00. Following the completion of the sale, the executive vice president now directly owns 187,684 shares of the company’s stock, valued at approximately $11,871,013. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 243,503 shares of company stock valued at $15,490,969. Insiders own 2.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of TSS. Bronfman E.L. Rothschild L.P. grew its position in Total System Services by 13.2% in the 2nd 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. Acrospire Investment Management LLC grew its position in Total System Services by 122.2% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,000 shares of the credit services provider’s stock valued at $117,000 after purchasing an additional 1,100 shares during the period. TLP Group LLC acquired a new stake in Total System Services in the 2nd quarter valued at $122,000. Pacer Advisors Inc. grew its position in Total System Services by 3.4% in the 1st 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. Finally, Doyle Wealth Management acquired a new stake in Total System Services in the 2nd quarter valued at $205,000. 76.13% of the stock is owned by institutional investors and hedge funds.
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.
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