Total System Services (TSS) Given Buy Rating at Stephens
Total System Services (NYSE:TSS)‘s stock had its “buy” rating restated by Stephens in a research note issued to investors on Wednesday. They currently have a $88.00 price objective on the credit services provider’s stock. Stephens’ price objective indicates a potential upside of 9.06% from the stock’s previous close.
TSS has been the topic of several other research reports. Wells Fargo & Co boosted their price target on shares of Total System Services from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, September 27th. Bank of America initiated coverage on shares of Total System Services in a report on Tuesday, September 12th. They issued an “underperform” rating and a $64.00 price target on the stock. Jefferies Group upped their target price on shares of Total System Services from $59.00 to $73.00 and gave the stock a “hold” rating in a report on Monday, October 30th. Mizuho reaffirmed a “hold” rating and issued a $85.00 target price on shares of Total System Services in a report on Thursday, January 4th. Finally, BMO Capital Markets upped their target price on shares of Total System Services from $70.00 to $77.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $73.92.
Shares of Total System Services (NYSE TSS) opened at $80.69 on Wednesday. The stock has a market cap of $14,870.00, a price-to-earnings ratio of 35.86, a price-to-earnings-growth ratio of 1.79 and a beta of 1.10. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.02. Total System Services has a fifty-two week low of $49.98 and a fifty-two week high of $81.45.
Total System Services (NYSE:TSS) last announced its quarterly earnings results on Tuesday, October 24th. The credit services provider reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.07. The firm had revenue of $852.80 million for the quarter, compared to analyst estimates of $842.30 million. Total System Services had a net margin of 8.73% and a return on equity of 26.25%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 EPS. equities research analysts forecast that Total System Services will post 3.2 earnings per share for the current fiscal year.
In related news, EVP Patricia A. Watson sold 23,608 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $74.01, for a total transaction of $1,747,228.08. Following the completion of the sale, the executive vice president now directly owns 21,112 shares of the company’s stock, valued at approximately $1,562,499.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.60% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Nationwide Fund Advisors grew its stake in shares of Total System Services by 21.4% during the 2nd quarter. Nationwide Fund Advisors now owns 363,203 shares of the credit services provider’s stock worth $21,157,000 after acquiring an additional 64,038 shares in the last quarter. Gotham Asset Management LLC grew its stake in shares of Total System Services by 801.6% in the second quarter. Gotham Asset Management LLC now owns 114,449 shares of the credit services provider’s stock valued at $6,667,000 after buying an additional 101,755 shares in the last quarter. South Dakota Investment Council bought a new position in shares of Total System Services in the second quarter valued at $711,000. American Century Companies Inc. grew its stake in shares of Total System Services by 5,111.9% in the third quarter. American Century Companies Inc. now owns 1,000,833 shares of the credit services provider’s stock valued at $65,555,000 after buying an additional 981,630 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new position in shares of Total System Services in the second quarter valued at $858,000. 75.93% of the stock is owned by institutional investors.
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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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