Total System Services, Inc. (TSS) Rating Reiterated by Keefe, Bruyette & Woods
A number of other equities analysts have also commented on TSS. Northcoast Research began coverage on Total System Services in a research note on Friday, June 30th. They issued a neutral rating on the stock. Zacks Investment Research raised Total System Services from a sell rating to a buy rating and set a $59.00 price objective on the stock in a research note on Wednesday, April 12th. Goldman Sachs Group, Inc. (The) raised Total System Services from a neutral rating to a buy rating and lifted their price objective for the stock from $60.00 to $68.00 in a research note on Monday, May 8th. BMO Capital Markets reaffirmed an outperform rating and issued a $67.00 price objective (up from $64.00) on shares of Total System Services in a research note on Thursday, June 22nd. Finally, First Analysis lowered Total System Services from an overweight rating to an equal weight rating and lifted their price objective for the stock from $60.00 to $63.00 in a research note on Wednesday, May 3rd. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $63.42.
Total System Services (NYSE TSS) traded up 0.06% on Thursday, reaching $63.85. 61,537 shares of the company’s stock were exchanged. Total System Services has a 52 week low of $46.22 and a 52 week high of $64.94. The stock’s 50 day moving average is $59.95 and its 200 day moving average is $56.14. The company has a market cap of $11.76 billion, a price-to-earnings ratio of 31.10 and a beta of 1.13.
Total System Services (NYSE:TSS) last announced its quarterly earnings results 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. Total System Services had a return on equity of 25.49% and a net margin of 8.78%. The firm had revenue of $844.07 million for the quarter, compared to analyst estimates of $842.57 million. During the same period last year, the firm posted $0.74 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, equities analysts anticipate that Total System Services will post $3.28 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 29th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, September 20th. This is a positive change from Total System Services’s previous quarterly dividend of $0.10. This represents a $0.52 annualized dividend and a yield of 0.81%. Total System Services’s payout ratio is 19.51%.
In other news, Chairman M Troy Woods sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $57.30, for a total transaction of $372,450.00. Following the completion of the sale, the chairman now owns 285,966 shares in the company, valued at $16,385,851.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard W. Ussery sold 48,000 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The shares were 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 of the company’s stock, valued at approximately $13,019,905.92. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Quantitative Systematic Strategies LLC increased its stake in Total System Services by 58.7% in the first quarter. Quantitative Systematic Strategies LLC now owns 16,486 shares of the credit services provider’s stock valued at $881,000 after buying an additional 6,101 shares in the last quarter. DnB Asset Management AS increased its stake in Total System Services by 20.0% in the first quarter. DnB Asset Management AS now owns 18,036 shares of the credit services provider’s stock valued at $964,000 after buying an additional 3,000 shares in the last quarter. Parametrica Management Ltd purchased a new stake in Total System Services during the first quarter valued at approximately $245,000. TNB Financial purchased a new stake in Total System Services during the first quarter valued at approximately $882,000. Finally, First National Bank of Omaha increased its stake in Total System Services by 11.2% in the first quarter. First National Bank of Omaha now owns 89,772 shares of the credit services provider’s stock valued at $4,799,000 after buying an additional 9,021 shares in the last quarter. Hedge funds and other institutional investors own 75.21% 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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