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.

TRADEMARK VIOLATION WARNING: This report was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at https://www.watchlistnews.com/total-system-services-nysetss-equal-weight-rating-reiterated-at-morgan-stanley/1462751.html.

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.

Analyst Recommendations for Total System Services (NYSE:TSS)

Receive News & Ratings for Total System Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Total System Services Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.