Total System Services, Inc. (TSS) Given “Hold” Rating at Deutsche Bank AG
Deutsche Bank AG reaffirmed their hold rating on shares of Total System Services, Inc. (NYSE:TSS) in a research note issued to investors on Wednesday morning. They currently have a $65.00 target price on the credit services provider’s stock, up from their previous target price of $57.00.
TSS has been the subject of a number of other reports. Northcoast Research started coverage on shares of Total System Services in a report on Friday, June 30th. They set a neutral rating for the company. Goldman Sachs Group, Inc. (The) raised shares of Total System Services from a neutral rating to a buy rating in a report on Monday, May 15th. Zacks Investment Research lowered shares of Total System Services from a buy rating to a hold rating in a report on Friday, June 2nd. Stifel Nicolaus set a $65.00 price target on shares of Total System Services and gave the company a buy rating in a report on Wednesday, April 26th. Finally, Pacific Crest reaffirmed an overweight rating and set a $58.00 price target on shares of Total System Services in a report on Monday, April 24th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Total System Services currently has a consensus rating of Buy and a consensus target price of $63.42.
Total System Services (NYSE:TSS) opened at 63.81 on Wednesday. Total System Services has a 52 week low of $46.22 and a 52 week high of $64.94. The company’s 50 day moving average is $59.95 and its 200-day moving average is $56.14. The firm has a market cap of $11.75 billion, a P/E ratio of 31.08 and a beta of 1.12.
Total System Services (NYSE:TSS) last released its quarterly earnings results on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 business’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the business earned $0.74 EPS. Equities analysts expect that Total System Services will post $3.28 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 29th will be given a $0.13 dividend. This is an increase from Total System Services’s previous quarterly dividend of $0.10. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Wednesday, September 20th. Total System Services’s dividend payout ratio (DPR) is presently 19.51%.
In other news, Chairman M Troy Woods sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $57.30, for a total value of $372,450.00. Following the transaction, the chairman now directly owns 285,966 shares in the company, valued at approximately $16,385,851.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard W. Ussery sold 48,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $59.19, for a total transaction of $2,841,120.00. Following the completion of the transaction, the director now owns 219,968 shares in the company, valued at $13,019,905.92. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of TSS. Advisory Services Network LLC acquired a new position in Total System Services during the first quarter worth about $169,000. Pacer Advisors Inc. increased its position in 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 during the last quarter. Federated Investors Inc. PA increased its position in Total System Services by 11.0% in the fourth quarter. Federated Investors Inc. PA now owns 3,935 shares of the credit services provider’s stock worth $193,000 after buying an additional 391 shares during the last quarter. Oakworth Capital Inc. increased its position in Total System Services by 4,788.2% in the first quarter. Oakworth Capital Inc. now owns 3,715 shares of the credit services provider’s stock worth $199,000 after buying an additional 3,639 shares during the last quarter. Finally, Doyle Wealth Management acquired a new position in Total System Services during the second quarter worth about $205,000. Institutional investors own 75.22% of the company’s stock.
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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