Total System Services, Inc. (NYSE:TSS) – Equities research analysts at Wedbush upped their Q1 2018 earnings estimates for shares of Total System Services in a report issued on Tuesday. Wedbush analyst M. Katri now forecasts that the credit services provider will post earnings of $0.83 per share for the quarter, up from their previous estimate of $0.80. Wedbush currently has a “Outperform” rating and a $72.00 target price on the stock. Wedbush also issued estimates for Total System Services’ FY2018 earnings at $3.47 EPS, Q1 2019 earnings at $0.92 EPS, Q2 2019 earnings at $1.02 EPS, Q3 2019 earnings at $1.00 EPS and FY2019 earnings at $3.86 EPS.

Total System Services (NYSE:TSS) last announced its quarterly earnings data on Tuesday, July 25th. The credit services provider reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.05. Total System Services had a net margin of 8.78% and a return on equity of 25.49%. The company had revenue of $844.07 million for the quarter, compared to the consensus estimate of $842.57 million. During the same period in the prior year, the firm posted $0.74 EPS. Total System Services’s revenue for the quarter was up 6.2% on a year-over-year basis.

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A number of other equities research analysts have also recently commented on TSS. Robert W. Baird reissued a “buy” rating and set a $76.00 target price on shares of Total System Services in a research report on Thursday, October 12th. Jefferies Group LLC reissued a “hold” rating and set a $59.00 target price on shares of Total System Services in a research report on Thursday, October 12th. Royal Bank Of Canada assumed coverage on shares of Total System Services in a research report on Monday, August 28th. They set an “outperform” rating and a $75.00 target price for the company. Barclays PLC increased their target price on shares of Total System Services from $72.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday, October 11th. Finally, BidaskClub raised shares of Total System Services from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $66.43.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Lord Abbett & CO. LLC grew its stake in shares of Total System Services by 480.0% during the 2nd quarter. Lord Abbett & CO. LLC now owns 743,682 shares of the credit services provider’s stock worth $43,319,000 after purchasing an additional 615,470 shares during the period. Sentry Investment Management LLC grew its stake in shares of Total System Services by 0.4% during the 2nd quarter. Sentry Investment Management LLC now owns 11,216 shares of the credit services provider’s stock worth $653,000 after purchasing an additional 44 shares during the period. Toronto Dominion Bank grew its stake in shares of Total System Services by 25.9% during the 2nd quarter. Toronto Dominion Bank now owns 56,099 shares of the credit services provider’s stock worth $3,267,000 after purchasing an additional 11,535 shares during the period. Oak Associates Ltd. OH grew its stake in shares of Total System Services by 36.2% during the 2nd quarter. Oak Associates Ltd. OH now owns 162,110 shares of the credit services provider’s stock worth $9,443,000 after purchasing an additional 43,100 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Total System Services during the 2nd quarter worth approximately $304,000. 76.12% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP G Sanders Griffith III sold 18,472 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $63.25, for a total value of $1,168,354.00. Following the transaction, the executive vice president now owns 187,684 shares in the company, valued at approximately $11,871,013. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Paul M. Todd sold 4,057 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $63.50, for a total transaction of $257,619.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 243,503 shares of company stock worth $15,490,969. 2.60% of the stock is owned by corporate insiders.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 29th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.77%. The ex-dividend date was Wednesday, September 20th. This is an increase from Total System Services’s previous quarterly dividend of $0.10. Total System Services’s dividend payout ratio is 25.37%.

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.

Earnings History and Estimates for Total System Services (NYSE:TSS)

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