KeyCorp restated their overweight rating on shares of Total System Services, Inc. (NYSE:TSS) in a report issued on Thursday.

TSS has been the topic of a number of other research reports. Northcoast Research started coverage on Total System Services in a research report on Friday, June 30th. They set a neutral rating on the stock. 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. Zacks Investment Research downgraded Total System Services from a buy rating to a hold rating in a research report on Friday, June 2nd. BidaskClub downgraded Total System Services from a buy rating to a hold rating in a research report on Saturday, June 10th. Finally, BMO Capital Markets reiterated an outperform rating and set a $67.00 price target (up previously from $64.00) on shares of Total System Services in a research report on Thursday, June 22nd. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $65.05.

Total System Services (NYSE TSS) traded down 0.61% on Thursday, reaching $68.70. The company had a trading volume of 722,876 shares. The stock has a market capitalization of $12.66 billion, a P/E ratio of 33.33 and a beta of 1.14. Total System Services has a 1-year low of $46.22 and a 1-year high of $69.46. The stock’s 50 day moving average is $64.18 and its 200-day moving average is $58.28.

Total System Services (NYSE:TSS) last issued its quarterly earnings results on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.05. The company had revenue of $844.07 million for the quarter, compared to the consensus estimate of $842.57 million. Total System Services had a return on equity of 25.49% and a net margin of 8.78%. Total System Services’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.74 earnings per share. On average, equities analysts predict that Total System Services will post $3.28 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Total System Services’ (TSS) Overweight Rating Reaffirmed at KeyCorp” was first published by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of international copyright & trademark laws. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/total-system-services-tss-overweight-rating-reaffirmed-at-keycorp/1536554.html.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 29th will be given a dividend of $0.13 per share. This is an increase from Total System Services’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $0.52 dividend on an annualized basis and a yield of 0.75%. Total System Services’s dividend payout ratio (DPR) is presently 19.51%.

In related news, Director Philip W. Tomlinson sold 220,974 shares of Total System Services stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $63.65, for a total transaction of $14,064,995.10. Following the transaction, the director now owns 326,200 shares in the company, valued at $20,762,630. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Paul M. Todd sold 4,057 shares of Total System Services stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $63.50, for a total value of $257,619.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 291,503 shares of company stock worth $18,332,089. 2.60% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in TSS. Regentatlantic Capital LLC increased its position in shares of Total System Services by 0.4% in the second quarter. Regentatlantic Capital LLC now owns 4,756 shares of the credit services provider’s stock worth $277,000 after buying an additional 19 shares during the last quarter. OLD National Bancorp IN increased its position in shares of Total System Services by 0.6% in the second quarter. OLD National Bancorp IN now owns 3,882 shares of the credit services provider’s stock worth $226,000 after buying an additional 25 shares during the last quarter. Sentry Investment Management LLC increased its position in shares of Total System Services by 0.4% in the second quarter. Sentry Investment Management LLC now owns 11,216 shares of the credit services provider’s stock worth $653,000 after buying an additional 44 shares during the last quarter. Capital Investment Advisors LLC increased its position in shares of Total System Services by 0.3% in the second quarter. Capital Investment Advisors LLC now owns 18,983 shares of the credit services provider’s stock worth $1,106,000 after buying an additional 54 shares during the last quarter. Finally, Stratos Wealth Partners LTD. increased its position in shares of Total System Services by 1.4% in the second quarter. Stratos Wealth Partners LTD. now owns 4,445 shares of the credit services provider’s stock worth $259,000 after buying an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 76.12% 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.