Total System Services’ (TSS) Buy Rating Reaffirmed at Nomura
Several other equities analysts have also recently commented on TSS. Barclays PLC reiterated a buy rating on shares of Total System Services in a research note on Saturday, July 9th. Citigroup Inc. increased their price objective on shares of Total System Services from $61.00 to $63.00 and gave the company a buy rating in a research note on Monday, June 13th. Credit Suisse Group AG set a $58.00 price objective on shares of Total System Services and gave the company a hold rating in a research note on Wednesday, July 27th. First Analysis upgraded shares of Total System Services from an equal weight rating to an overweight rating and set a $62.00 price objective for the company in a research note on Thursday, July 28th. Finally, Jefferies Group restated a hold rating and issued a $55.00 price objective (up previously from $50.00) on shares of Total System Services in a research note on Thursday, July 28th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $52.78.
Shares of Total System Services (NYSE:TSS) opened at 47.82 on Monday. Total System Services has a 52-week low of $37.47 and a 52-week high of $56.69. The company has a market capitalization of $8.79 billion, a P/E ratio of 24.36 and a beta of 1.18. The firm’s 50 day moving average is $48.28 and its 200-day moving average is $50.69.
Total System Services (NYSE:TSS) last released its earnings results on Tuesday, July 26th. The company reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.02. The firm earned $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Total System Services had a net margin of 10.97% and a return on equity of 23.58%. The business’s quarterly revenue was up 66.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.58 EPS. Equities research analysts anticipate that Total System Services will post $2.81 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Thursday, September 22nd were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, September 20th. This represents a $0.40 annualized dividend and a dividend yield of 0.84%. Total System Services’s dividend payout ratio is presently 20.30%.
A number of institutional investors have recently added to or reduced their stakes in TSS. State Street Corp boosted its position in Total System Services by 0.7% in the first quarter. State Street Corp now owns 6,737,142 shares of the company’s stock worth $320,552,000 after buying an additional 46,448 shares during the period. BB&T Securities LLC bought a new position in Total System Services during the first quarter worth approximately $1,657,000. OMERS ADMINISTRATION Corp boosted its position in Total System Services by 40.2% in the first quarter. OMERS ADMINISTRATION Corp now owns 63,500 shares of the company’s stock worth $3,021,000 after buying an additional 18,200 shares during the period. 1832 Asset Management L.P. bought a new position in Total System Services during the first quarter worth approximately $7,742,000. Finally, Canada Pension Plan Investment Board boosted its position in Total System Services by 24.3% in the first quarter. Canada Pension Plan Investment Board now owns 251,956 shares of the company’s stock worth $11,988,000 after buying an additional 49,300 shares during the period. 71.50% of the stock is owned by hedge funds and other institutional investors.
Total System Services Company Profile
Total System Services, Inc (TSYS) is a payment solutions provider that provides services to financial and nonfinancial institutions. The Company’s segments include North America Services, Merchant Services, NetSpend and International Services. The Company also provides processing services, acquiring solutions, related systems and integrated support services to merchant acquirers and merchants.
Receive News & Stock 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 stocks with our FREE daily email newsletter.