Total System Services’ (NYSE:TSS) Equal Weight Rating Reiterated at Morgan Stanley
Morgan Stanley reaffirmed their equal weight rating on shares of Total System Services, Inc. (NYSE:TSS) in a research report sent to investors on Wednesday. The brokerage currently has a $63.00 price objective on the credit services provider’s stock, up from their previous price objective of $58.00.
A number of other brokerages have also recently commented on TSS. Cowen and Company restated an outperform rating and issued a $67.00 price target on shares of Total System Services in a research report on Wednesday. Zacks Investment Research upgraded Total System Services from a sell rating to a buy rating and set a $59.00 price target 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 restated a neutral rating and issued a $59.00 price target on shares of Total System Services in a research report on Wednesday, April 12th. Finally, Stifel Nicolaus set a $65.00 price target on Total System Services and gave the stock a buy rating in a research report on Wednesday, April 26th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Total System Services presently has a consensus rating of Buy and a consensus target price of $63.42.
Shares of Total System Services (NYSE TSS) opened at 63.81 on Wednesday. The company has a market cap of $11.75 billion, a price-to-earnings ratio of 31.08 and a beta of 1.12. Total System Services has a 12-month low of $46.22 and a 12-month high of $64.94. The stock has a 50 day moving average of $59.95 and a 200 day moving average of $56.14.
Total System Services (NYSE:TSS) last issued its quarterly earnings results on Tuesday, July 25th. The credit services provider reported $0.85 EPS for the quarter, topping 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 company had revenue of $844.07 million for the quarter, compared to analysts’ expectations of $842.57 million. During the same quarter last year, the business earned $0.74 earnings per share. Total System Services’s revenue was up 6.2% on a year-over-year basis. On average, equities analysts expect that Total System Services will post $3.28 earnings per share for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 29th will be issued a dividend of $0.13 per share. This is a boost from Total System Services’s previous quarterly dividend of $0.10. This represents a $0.52 annualized dividend 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 19.51%.
In other news, Chairman M Troy Woods sold 6,500 shares of the business’s stock in a transaction dated 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 in the company, valued at $16,385,851.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard W. Ussery sold 48,000 shares of the business’s stock in a transaction dated 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 owns 219,968 shares in the company, valued at $13,019,905.92. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. boosted its stake in 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 period. CAPROCK Group Inc. purchased a new stake in Total System Services during the second quarter valued at $379,000. Moody National Bank Trust Division purchased a new stake in Total System Services during the second quarter valued at $648,000. Bbva Compass Bancshares Inc. boosted its stake in 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 period. Finally, Great West Life Assurance Co. Can boosted its stake in 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 period. Institutional investors own 75.22% 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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