Zacks Investment Research upgraded shares of Total System Services, Inc. (NYSE:TSS) from a hold rating to a buy rating in a report published on Tuesday morning. Zacks Investment Research currently has $74.00 price objective on the credit services provider’s stock.

According to Zacks, “Shares of Total System have outperformed its industry year to date. The company is set to benefit from its robust NetSpend business, while the TransFirst acquisition will support its merchant acquiring business. A number of acquisitions made by it have contributed to overall growth. Its second-quarter earnings beat the Zacks Consensus Estimate and grew year over year.  Following strong performance in first-half of the year, the company pulled up its 2017 earnings guidance, which instills investors' confidence. The stock has seen the Zacks Consensus Estimate for current-year earnings being revised 1.5% upward over the last 60 days. “

TSS has been the topic of a number of other research reports. Keefe, Bruyette & Woods reiterated a buy rating on shares of Total System Services in a report on Thursday, July 27th. 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. Wedbush began coverage on Total System Services in a report on Thursday, August 3rd. They issued an outperform rating and a $72.00 price objective on the stock. BMO Capital Markets reiterated an outperform rating and issued a $67.00 price objective (up previously from $64.00) on shares of Total System Services in a report on Thursday, June 22nd. Finally, Stifel Nicolaus reiterated a buy rating and issued a $67.00 price objective (up previously from $65.00) on shares of Total System Services in a report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $65.15.

Shares of Total System Services (NYSE:TSS) opened at 69.07 on Tuesday. The firm has a market cap of $12.73 billion, a P/E ratio of 33.51 and a beta of 1.13. The firm 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 one year low of $46.22 and a one year 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 analysts’ consensus estimates of $0.80 by $0.05. Total System Services had a return on equity of 25.49% and a net margin of 8.78%. The business had revenue of $844.07 million for the quarter, compared to the consensus estimate of $842.57 million. During the same quarter in the prior year, the business posted $0.74 EPS. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts forecast that Total System Services will post $3.28 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 29th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.75%. This is a boost from Total System Services’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, September 20th. Total System Services’s dividend payout ratio (DPR) is presently 25.37%.

In other Total System Services news, EVP G Sanders Griffith III sold 18,472 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $14,064,995.10. Following the sale, the director now directly owns 326,200 shares of the company’s stock, valued at $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 over the last ninety days. 2.60% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Lord Abbett & CO. LLC lifted its holdings in shares of Total System Services by 480.0% in the 2nd quarter. Lord Abbett & CO. LLC now owns 743,682 shares of the credit services provider’s stock valued at $43,319,000 after buying an additional 615,470 shares during the period. Sentry Investment Management LLC lifted its holdings in shares of 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 lifted its holdings in shares of 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 lifted its holdings in shares of 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 acquired a new stake in shares of Total System Services in the 2nd quarter valued at approximately $304,000. 76.13% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Total System Services (NYSE:TSS)

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