Shares of Total System Services, Inc. (NYSE:TSS) have been given a consensus recommendation of “Buy” by the twenty-seven analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $89.18.

Several brokerages recently issued reports on TSS. Robert W. Baird boosted their target price on shares of Total System Services from $100.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday, July 25th. Zacks Investment Research lowered shares of Total System Services from a “buy” rating to a “hold” rating in a research report on Thursday, June 28th. Nomura restated a “buy” rating and set a $96.00 target price on shares of Total System Services in a research report on Wednesday, July 25th. Credit Suisse Group boosted their target price on shares of Total System Services from $87.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, April 25th. Finally, Guggenheim restated a “buy” rating and set a $103.00 target price on shares of Total System Services in a research report on Wednesday, July 25th.

In other Total System Services news, EVP Patricia A. Watson sold 15,332 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $93.30, for a total value of $1,430,475.60. Following the completion of the transaction, the executive vice president now directly owns 30,743 shares in the company, valued at $2,868,321.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.40% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of TSS. Hennessy Advisors Inc. lifted its holdings in shares of Total System Services by 100.7% in the first quarter. Hennessy Advisors Inc. now owns 43,950 shares of the credit services provider’s stock worth $3,791,000 after buying an additional 22,050 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Total System Services by 6.8% in the first quarter. Wells Fargo & Company MN now owns 2,971,323 shares of the credit services provider’s stock worth $256,306,000 after buying an additional 190,117 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its holdings in shares of Total System Services by 565.8% in the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 53,457 shares of the credit services provider’s stock worth $4,517,000 after buying an additional 45,428 shares in the last quarter. ARP Americas LP lifted its holdings in shares of Total System Services by 12.9% in the first quarter. ARP Americas LP now owns 24,530 shares of the credit services provider’s stock worth $2,116,000 after buying an additional 2,800 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Total System Services by 14.3% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 9,269 shares of the credit services provider’s stock worth $800,000 after buying an additional 1,160 shares in the last quarter. Institutional investors and hedge funds own 75.47% of the company’s stock.

NYSE TSS traded up $0.38 during trading hours on Tuesday, hitting $94.89. 2,316,892 shares of the company’s stock traded hands, compared to its average volume of 1,284,526. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $17.12 billion, a price-to-earnings ratio of 29.47, a price-to-earnings-growth ratio of 1.53 and a beta of 1.14. Total System Services has a 52 week low of $64.51 and a 52 week high of $97.82.

Total System Services (NYSE:TSS) last announced its earnings results on Tuesday, July 24th. The credit services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.04. The company had revenue of $956.55 million during the quarter, compared to analyst estimates of $936.79 million. Total System Services had a net margin of 14.39% and a return on equity of 29.26%. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 earnings per share. sell-side analysts predict that Total System Services will post 4.2 EPS for the current year.

About Total System Services

Total System Services, Inc provides payment processing, merchant, and related payment services to financial and nonfinancial institutions worldwide. The company operates through three segments: Merchant Solutions, Issuer Solutions, and Netspend. It offers general purpose reloadable prepaid and payroll cards, demand deposit accounts, and other financial service solutions to the underbanked and other consumers and businesses.

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Analyst Recommendations for Total System Services (NYSE:TSS)

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