Total System Services (TSS) Given “Hold” Rating at Oppenheimer
A number of other equities analysts also recently commented on TSS. Royal Bank of Canada initiated coverage on Total System Services in a report on Monday, August 28th. They set an outperform rating and a $75.00 target price for the company. Zacks Investment Research cut Total System Services from a buy rating to a hold rating in a research note on Tuesday, August 29th. KeyCorp reaffirmed an overweight rating on shares of Total System Services in a research note on Thursday, August 31st. Cowen reaffirmed a buy rating and issued a $67.00 price target on shares of Total System Services in a research note on Thursday, September 7th. Finally, Bank of America initiated coverage on Total System Services in a research note on Tuesday, September 12th. They issued an underperform rating and a $64.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $71.84.
Shares of Total System Services (TSS) traded up $1.20 during trading on Monday, hitting $79.01. The company had a trading volume of 1,457,000 shares, compared to its average volume of 1,265,717. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $14,305.07, a P/E ratio of 24.78, a PEG ratio of 1.91 and a beta of 1.10. Total System Services has a one year low of $48.65 and a one year high of $79.47.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Thursday, December 21st will be paid a $0.13 dividend. The ex-dividend date is Wednesday, December 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.66%. Total System Services’s dividend payout ratio is currently 23.11%.
In other news, EVP Patricia A. Watson sold 23,608 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $74.01, for a total value of $1,747,228.08. Following the sale, the executive vice president now directly owns 21,112 shares of the company’s stock, valued at $1,562,499.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.60% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Synovus Financial Corp grew its stake in shares of Total System Services by 1.0% in the second quarter. Synovus Financial Corp now owns 13,709,409 shares of the credit services provider’s stock worth $798,579,000 after acquiring an additional 134,998 shares during the last quarter. Nationwide Fund Advisors boosted its position in shares of Total System Services by 21.4% during the second quarter. Nationwide Fund Advisors now owns 363,203 shares of the credit services provider’s stock valued at $21,157,000 after buying an additional 64,038 shares during the last quarter. Gotham Asset Management LLC boosted its position in shares of Total System Services by 801.6% during 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 during the last quarter. South Dakota Investment Council purchased a new stake in shares of Total System Services during the second quarter valued at $711,000. Finally, Aviva PLC boosted its position in shares of Total System Services by 10.6% during the second quarter. Aviva PLC now owns 106,880 shares of the credit services provider’s stock valued at $6,227,000 after buying an additional 10,240 shares during the last quarter. 75.93% of the stock is currently owned by hedge funds and other institutional investors.
About Total System Services
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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