Cowen and Company restated their outperform rating on shares of Total System Services, Inc. (NYSE:TSS) in a research report released on Wednesday. The brokerage currently has a $67.00 price objective on the credit services provider’s stock.

Several other research firms also recently weighed in on TSS. Zacks Investment Research upgraded Total System Services from a sell rating to a buy rating and set a $59.00 target price on the stock in a research report on Wednesday, April 12th. Goldman Sachs Group, Inc. (The) upgraded Total System Services from a neutral rating to a buy rating in a research report on Monday, May 15th. Atlantic Securities reiterated a neutral rating and set a $59.00 target price on shares of Total System Services in a research report on Wednesday, April 12th. Stifel Nicolaus set a $65.00 target price on Total System Services and gave the company a buy rating in a research report on Wednesday, April 26th. Finally, BidaskClub upgraded Total System Services from a hold rating to a buy rating in a research report on Sunday, July 16th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $63.42.

Shares of Total System Services (NYSE TSS) opened at 63.81 on Wednesday. The stock has a market cap of $11.75 billion, a PE ratio of 31.08 and a beta of 1.12. Total System Services has a one year low of $46.22 and a one year high of $64.94. The company’s 50-day moving average price is $59.95 and its 200-day moving average price is $56.14.

Total System Services (NYSE:TSS) last released its earnings results on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.05. The company had revenue of $844.07 million for the quarter, compared to the consensus estimate of $842.57 million. Total System Services had a return on equity of 25.49% and a net margin of 8.78%. Total System Services’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.74 earnings per share. Equities research analysts anticipate that Total System Services will post $3.28 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors 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 payout ratio is currently 19.51%.

In other Total System Services 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 sale, the chairman now directly owns 285,966 shares of the company’s stock, valued at $16,385,851.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $59.19, for a total value of $2,841,120.00. Following the sale, the director now directly owns 219,968 shares in the company, valued at $13,019,905.92. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the company. Daiwa Securities Group Inc. boosted its stake in shares of Total System Services by 10.1% in the second quarter. Daiwa Securities Group Inc. now owns 4,901 shares of the credit services provider’s stock valued at $285,000 after buying an additional 450 shares during the last quarter. CAPROCK Group Inc. bought a new stake in shares of Total System Services during the second quarter valued at $379,000. Moody National Bank Trust Division bought a new stake in shares of Total System Services during the second quarter valued at $648,000. Bbva Compass Bancshares Inc. boosted its stake in shares of Total System Services by 4.0% in the second quarter. Bbva Compass Bancshares Inc. now owns 18,435 shares of the credit services provider’s stock valued at $1,074,000 after buying an additional 712 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Total System Services by 6.9% in the second quarter. Great West Life Assurance Co. Can now owns 119,606 shares of the credit services provider’s stock valued at $6,959,000 after buying an additional 7,738 shares during the last quarter. 75.22% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Total System Services (NYSE:TSS)

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