BMO Capital Markets began coverage on shares of Total System Services (NYSE:TSS) in a research report report published on Wednesday morning, The Fly reports. The firm issued a market perform rating and a $94.00 price target on the credit services provider’s stock.

A number of other equities research analysts have also recently commented on the company. Oppenheimer upgraded Total System Services from a market perform rating to an outperform rating and set a $110.00 target price on the stock in a research note on Thursday, September 6th. Morgan Stanley lifted their target price on Total System Services from $92.00 to $94.00 and gave the stock an equal weight rating in a research note on Wednesday, July 25th. Royal Bank of Canada reiterated a buy rating and set a $105.00 target price on shares of Total System Services in a research note on Wednesday, July 25th. Wells Fargo & Co reiterated an outperform rating and set a $100.00 target price (up from $95.00) on shares of Total System Services in a research note on Wednesday, July 25th. Finally, UBS Group upgraded Total System Services from a market perform rating to an outperform rating in a research note on Thursday, September 6th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $92.57.

NYSE TSS opened at $98.08 on Wednesday. The firm has a market cap of $18.02 billion, a PE ratio of 30.46, a price-to-earnings-growth ratio of 1.61 and a beta of 1.18. Total System Services has a one year low of $64.56 and a one year high of $100.39. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.62.

Total System Services (NYSE:TSS) last released its earnings results on Tuesday, July 24th. The credit services provider reported $1.11 EPS for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.04. The company had revenue of $956.55 million for the quarter, compared to analysts’ expectations of $936.79 million. Total System Services had a return on equity of 29.26% and a net margin of 14.39%. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 EPS. sell-side analysts forecast that Total System Services will post 4.19 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Thursday, September 20th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, September 19th. Total System Services’s dividend payout ratio (DPR) is currently 16.15%.

In other Total System Services news, EVP Patricia A. Watson sold 15,332 shares of Total System Services stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $93.30, for a total transaction of $1,430,475.60. Following the completion of the transaction, the executive vice president now owns 30,743 shares of the company’s stock, valued at approximately $2,868,321.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dorenda K. Weaver sold 5,009 shares of Total System Services stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $99.00, for a total value of $495,891.00. Following the transaction, the executive vice president now directly owns 44,358 shares of the company’s stock, valued at approximately $4,391,442. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in shares of Total System Services by 1.3% during the second quarter. BlackRock Inc. now owns 12,068,642 shares of the credit services provider’s stock worth $1,020,041,000 after purchasing an additional 159,847 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Total System Services by 56.5% during the second quarter. Janus Henderson Group PLC now owns 2,897,435 shares of the credit services provider’s stock worth $244,891,000 after purchasing an additional 1,045,842 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Total System Services by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 1,240,196 shares of the credit services provider’s stock worth $104,822,000 after purchasing an additional 15,426 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Total System Services by 2.8% during the first quarter. Allianz Asset Management GmbH now owns 1,071,425 shares of the credit services provider’s stock worth $92,421,000 after purchasing an additional 28,752 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Total System Services by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 980,682 shares of the credit services provider’s stock worth $82,887,000 after purchasing an additional 4,903 shares in the last quarter. 76.49% of the stock is owned by institutional investors and hedge funds.

Total System Services Company Profile

Total System Services, Inc provides payment processing, merchant, and related payment services to financial and nonfinancial institutions worldwide. The company operates through three segments: Merchant Solutions, Issuer Solutions, and Netspend. It offers general purpose reloadable prepaid and payroll cards, demand deposit accounts, and other financial service solutions to the underbanked and other consumers and businesses.

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Analyst Recommendations for Total System Services (NYSE:TSS)

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