Total System Services, Inc. (TSS) Rating Increased to Buy at Zacks Investment Research
Total System Services, Inc. (NYSE:TSS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The brokerage presently has a $76.00 price objective on the credit services provider’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 9.95% from the stock’s current price.
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. “
A number of other analysts have also recently weighed in on the company. Royal Bank Of Canada assumed coverage on Total System Services in a research report on Monday. They set an “outperform” rating and a $75.00 price objective for the company. BidaskClub raised Total System Services from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. Wedbush reaffirmed an “outperform” rating and set a $72.00 price objective on shares of Total System Services in a research report on Wednesday, August 9th. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Total System Services in a research report on Thursday, July 27th. Finally, BMO Capital Markets increased their price objective on Total System Services from $62.90 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 26th. Seven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. Total System Services has a consensus rating of “Buy” and an average price target of $65.05.
Total System Services (NYSE TSS) opened at 69.12 on Wednesday. Total System Services has a 52-week low of $46.22 and a 52-week high of $69.25. The stock has a market cap of $12.73 billion, a price-to-earnings ratio of 33.54 and a beta of 1.14. The stock has a 50 day moving average price of $64.18 and a 200 day moving average price of $58.28.
Total System Services (NYSE:TSS) last posted its quarterly earnings data on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share for the quarter, topping 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 company had revenue of $844.07 million during the quarter, compared to analysts’ expectations of $842.57 million. During the same period last year, the firm earned $0.74 EPS. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. Analysts expect that Total System Services will post $3.28 EPS for the current fiscal year.
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In related news, EVP G Sanders Griffith III sold 18,472 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $63.25, for a total value of $1,168,354.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Paul M. Todd sold 4,057 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $63.50, for a total value of $257,619.50. The disclosure for this sale can be found here. Insiders sold a total of 291,503 shares of company stock valued at $18,332,089 over the last ninety days. 2.60% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the stock. 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 during the period. 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 during the period. TLP Group LLC bought a new stake in shares of Total System Services during the second quarter worth approximately $122,000. Advisory Services Network LLC bought a new stake in shares of Total System Services during the first quarter worth approximately $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 during the period. Hedge funds and other institutional investors own 76.12% 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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