Total System Services, Inc. (TSS) Coverage Initiated at Royal Bank Of Canada
Royal Bank Of Canada started coverage on shares of Total System Services, Inc. (NYSE:TSS) in a report issued on Monday. The firm set an “outperform” rating and a $75.00 price target on the credit services provider’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 10.67% from the company’s previous close.
Several other brokerages have also issued reports on TSS. BidaskClub upgraded Total System Services from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. Wedbush reiterated an “outperform” rating and issued a $72.00 price objective on shares of Total System Services in a research report on Wednesday, August 9th. BMO Capital Markets boosted their price objective on Total System Services from $62.90 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, July 26th. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Total System Services in a research report on Thursday, July 27th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $69.00 price objective (up from $67.00) on shares of Total System Services in a research report on Wednesday, July 26th. Eight analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $64.60.
Total System Services (NYSE TSS) opened at 67.77 on Monday. The firm has a market capitalization of $12.49 billion, a price-to-earnings ratio of 32.88 and a beta of 1.14. Total System Services has a 1-year low of $46.22 and a 1-year high of $67.82. The firm has a 50-day moving average of $63.19 and a 200-day moving average of $57.86.
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 the Thomson Reuters’ consensus estimate of $0.80 by $0.05. Total System Services had a return on equity of 20.93% and a net margin of 8.75%. The business had revenue of $844.07 million during the quarter, compared to analyst estimates of $842.57 million. During the same period in the previous year, the firm earned $0.74 EPS. Total System Services’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, analysts expect that Total System Services will post $3.28 earnings per share for the current year.
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In other news, CFO Paul M. Todd sold 4,057 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $63.50, for a total transaction of $257,619.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard W. Ussery sold 48,000 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $59.19, for a total value of $2,841,120.00. Following the sale, the director now owns 219,968 shares in the company, valued at approximately $13,019,905.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 291,503 shares of company stock worth $18,332,089. Company insiders own 2.60% of the company’s stock.
Several large investors have recently made changes to their positions in TSS. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Total System Services by 13.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,959 shares of the credit services provider’s stock worth $114,000 after buying an additional 228 shares in the last quarter. Acrospire Investment Management LLC boosted its stake in shares of Total System Services by 122.2% in the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the credit services provider’s stock worth $117,000 after buying an additional 1,100 shares in the last quarter. TLP Group LLC bought a new stake in shares of Total System Services during the second quarter worth about $122,000. Advisory Services Network LLC bought a new stake in shares of Total System Services during the first quarter worth about $169,000. Finally, Pacer Advisors Inc. boosted its stake in shares of Total System Services by 3.4% in the first quarter. Pacer Advisors Inc. now owns 3,597 shares of the credit services provider’s stock worth $192,000 after buying an additional 119 shares in the last quarter. Institutional investors own 76.12% of the company’s stock.
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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