Total System Services, Inc. (TSS) Downgraded by Stifel Nicolaus
Stifel Nicolaus downgraded shares of Total System Services, Inc. (NYSE:TSS) from a buy rating to a hold rating in a report issued on Tuesday, MarketBeat reports. Stifel Nicolaus currently has $69.00 price target on the credit services provider’s stock.
A number of other research firms also recently commented 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 began 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, Royal Bank Of Canada began coverage on shares of Total System Services in a report on Monday, August 28th. They issued an outperform rating and a $75.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $65.15.
Total System Services (NYSE TSS) opened at 68.81 on Tuesday. The stock has a market cap of $12.68 billion, a price-to-earnings ratio of 33.39 and a beta of 1.13. The company has a 50-day moving average price of $66.32 and a 200 day moving average price of $59.51. Total System Services has a 52-week low of $46.22 and a 52-week high of $70.62.
Total System Services (NYSE:TSS) last released its quarterly earnings data on Tuesday, July 25th. The credit services provider reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.05. The company had revenue of $844.07 million during the quarter, compared to the consensus estimate of $842.57 million. Total System Services had a net margin of 8.78% and a return on equity of 25.49%. Total System Services’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.74 EPS. On average, analysts expect that Total System Services will post $3.28 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 29th will be given a dividend of $0.13 per share. The ex-dividend date is Wednesday, September 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.76%. This is a boost from Total System Services’s previous quarterly dividend of $0.10. Total System Services’s dividend payout ratio (DPR) is presently 25.37%.
In related news, EVP G Sanders Griffith III sold 18,472 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 187,684 shares of the company’s stock, valued at approximately $11,871,013. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Philip W. Tomlinson sold 220,974 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $63.65, for a total transaction of $14,064,995.10. Following the transaction, the director now directly owns 326,200 shares of the company’s stock, valued at approximately $20,762,630. The disclosure for this sale can be found here. Insiders have sold a total of 243,503 shares of company stock valued at $15,490,969 in the last ninety days. 2.60% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of the stock. Lord Abbett & CO. LLC boosted its position in shares of Total System Services by 480.0% during the 2nd quarter. Lord Abbett & CO. LLC now owns 743,682 shares of the credit services provider’s stock worth $43,319,000 after purchasing an additional 615,470 shares during the period. Sentry Investment Management LLC boosted its position in Total System Services by 0.4% in the 2nd quarter. Sentry Investment Management LLC now owns 11,216 shares of the credit services provider’s stock valued at $653,000 after buying an additional 44 shares during the period. Toronto Dominion Bank boosted its position in Total System Services by 25.9% in the 2nd quarter. Toronto Dominion Bank now owns 56,099 shares of the credit services provider’s stock valued at $3,267,000 after buying an additional 11,535 shares during the period. Oak Associates Ltd. OH boosted its position in Total System Services by 36.2% in the 2nd quarter. Oak Associates Ltd. OH now owns 162,110 shares of the credit services provider’s stock valued at $9,443,000 after buying an additional 43,100 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Total System Services in the 2nd quarter valued at approximately $304,000. 76.13% of the stock is owned by hedge funds and other institutional investors.
Total System Services Company Profile
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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