Total System Services, Inc. (NYSE:TSS) has been given a consensus recommendation of “Buy” by the thirty brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $82.21.
Several equities research analysts have recently weighed in on the company. Stifel Nicolaus reissued a “hold” rating and issued a $75.00 price objective (up from $69.00) on shares of Total System Services in a report on Wednesday, October 25th. Barclays increased their price target on Total System Services from $78.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, October 25th. Zacks Investment Research downgraded Total System Services from a “buy” rating to a “hold” rating and set a $88.00 price target for the company. in a report on Friday, January 5th. Wedbush reaffirmed an “outperform” rating and set a $100.00 price target (up from $85.00) on shares of Total System Services in a report on Wednesday, January 24th. Finally, BMO Capital Markets increased their price target on Total System Services from $70.00 to $77.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th.
In other news, EVP G Sanders Griffith III sold 66,856 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $84.78, for a total value of $5,668,051.68. Following the completion of the transaction, the executive vice president now owns 221,907 shares in the company, valued at $18,813,275.46. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Patricia A. Watson sold 9,596 shares of the firm’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $88.42, for a total value of $848,478.32. The disclosure for this sale can be found here. In the last three months, insiders sold 363,454 shares of company stock valued at $30,861,562. 2.60% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC purchased a new stake in Total System Services during the 4th quarter worth approximately $109,000. Tower Research Capital LLC TRC increased its holdings in Total System Services by 463.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,295 shares of the credit services provider’s stock worth $181,000 after purchasing an additional 1,888 shares during the last quarter. Two Sigma Securities LLC purchased a new stake in Total System Services during the 4th quarter worth approximately $203,000. Cahaba Wealth Management Inc. purchased a new stake in Total System Services during the 4th quarter worth approximately $208,000. Finally, IBM Retirement Fund purchased a new stake in Total System Services during the 4th quarter worth approximately $212,000. Institutional investors and hedge funds own 74.20% of the company’s stock.
Total System Services (NYSE TSS) traded up $0.22 during mid-day trading on Tuesday, hitting $87.30. The stock had a trading volume of 186,477 shares, compared to its average volume of 1,451,656. The firm has a market capitalization of $16,009.33, a P/E ratio of 27.58, a P/E/G ratio of 1.50 and a beta of 1.13. Total System Services has a 1-year low of $50.96 and a 1-year high of $89.92. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.09 and a quick ratio of 1.03.
Total System Services (NYSE:TSS) last posted its quarterly earnings data on Tuesday, January 23rd. The credit services provider reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.03. The business had revenue of $870.61 million during the quarter, compared to the consensus estimate of $848.20 million. Total System Services had a return on equity of 26.21% and a net margin of 11.90%. The company’s revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 earnings per share. equities research analysts expect that Total System Services will post 3.96 EPS for the current fiscal year.
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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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