Total System Services, Inc. (NYSE:TSS) has been assigned an average recommendation of “Buy” from the twenty-six research firms that are presently covering the stock, Marketbeat.com reports. Ten research analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $92.25.
Several equities analysts have commented on TSS shares. Oppenheimer upgraded Total System Services from a “market perform” rating to an “outperform” rating and set a $110.00 price target on the stock in a report on Thursday, September 6th. UBS Group upgraded Total System Services from a “market perform” rating to an “outperform” rating in a report on Thursday, September 6th. Morgan Stanley increased their price target on Total System Services from $92.00 to $94.00 and gave the company an “equal weight” rating in a report on Wednesday, July 25th. Royal Bank of Canada reiterated a “buy” rating and set a $105.00 price target on shares of Total System Services in a report on Wednesday, July 25th. Finally, Wells Fargo & Co reiterated an “outperform” rating and set a $100.00 price target (up previously from $95.00) on shares of Total System Services in a report on Wednesday, July 25th.
TSS traded down $1.85 during midday trading on Wednesday, hitting $94.01. 60,835 shares of the company’s stock traded hands, compared to its average volume of 1,267,683. The firm has a market cap of $18.01 billion, a PE ratio of 29.85, a PEG ratio of 1.61 and a beta of 1.17. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.55 and a current ratio of 2.55. Total System Services has a one year low of $66.63 and a one year high of $100.39.
Total System Services (NYSE:TSS) last issued its quarterly earnings data on Tuesday, July 24th. The credit services provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.04. The firm had revenue of $956.55 million for the quarter, compared to analyst estimates of $936.79 million. Total System Services had a net margin of 14.39% and a return on equity of 29.26%. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 earnings per share. On average, sell-side analysts anticipate that Total System Services will post 4.19 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Thursday, September 20th were paid a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, September 19th. This represents a $0.52 annualized dividend and a dividend yield of 0.55%. Total System Services’s payout ratio is 16.15%.
In other news, EVP Dorenda K. Weaver sold 5,009 shares of the firm’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $99.00, for a total value of $495,891.00. Following the sale, the executive vice president now owns 44,358 shares in the company, valued at $4,391,442. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Patricia A. Watson sold 15,332 shares of Total System Services stock in a transaction on 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 sale, the executive vice president now owns 30,743 shares in the company, valued at approximately $2,868,321.90. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of TSS. Fort L.P. acquired a new stake in Total System Services during the second quarter worth $119,000. Piedmont Investment Advisors LLC bought a new position in shares of Total System Services during the second quarter valued at $159,000. CENTRAL TRUST Co lifted its holdings in shares of Total System Services by 187.9% during the third quarter. CENTRAL TRUST Co now owns 1,647 shares of the credit services provider’s stock valued at $163,000 after acquiring an additional 1,075 shares during the period. Bray Capital Advisors bought a new position in shares of Total System Services during the second quarter valued at $177,000. Finally, Eqis Capital Management Inc. bought a new position in shares of Total System Services during the second quarter valued at $231,000. Hedge funds and other institutional investors own 76.53% of the company’s stock.
About Total System Services
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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