Total System Services, Inc. (TSS) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Total System Services, Inc. (NYSE:TSS) have been assigned a consensus rating of “Buy” from the eighteen brokerages that are presently covering the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $59.29.
TSS has been the subject of a number of research analyst reports. Zacks Investment Research raised Total System Services from a “sell” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Wednesday, April 12th. Guggenheim began coverage on Total System Services in a report on Thursday, March 30th. They set a “buy” rating and a $62.00 price objective on the stock. Credit Suisse Group AG raised their price objective on Total System Services from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Wednesday, January 25th. Stifel Nicolaus set a $65.00 price objective on Total System Services and gave the stock a “buy” rating in a report on Wednesday, April 26th. Finally, Atlantic Securities restated a “neutral” rating and set a $59.00 price objective on shares of Total System Services in a report on Wednesday, April 12th.
Total System Services (NYSE:TSS) traded up 1.61% during trading on Friday, hitting $58.70. The stock had a trading volume of 299,784 shares. The stock has a market cap of $10.80 billion, a price-to-earnings ratio of 32.38 and a beta of 1.00. Total System Services has a 12 month low of $46.22 and a 12 month high of $58.97. The stock has a 50 day moving average price of $55.36 and a 200-day moving average price of $52.70.
Total System Services (NYSE:TSS) last issued its quarterly earnings results on Tuesday, April 25th. The credit services provider reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.02. Total System Services had a return on equity of 24.32% and a net margin of 8.38%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the company earned $0.66 EPS. Total System Services’s quarterly revenue was up 62.3% compared to the same quarter last year. On average, equities analysts predict that Total System Services will post $3.24 EPS for the current year.
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In other news, Chairman M Troy Woods sold 6,500 shares of Total System Services stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $57.30, for a total value of $372,450.00. Following the transaction, the chairman now directly owns 285,966 shares in the company, valued at approximately $16,385,851.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.60% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Total System Services by 3.2% in the first quarter. Vanguard Group Inc. now owns 16,006,463 shares of the credit services provider’s stock worth $855,707,000 after buying an additional 490,011 shares in the last quarter. FMR LLC increased its position in shares of Total System Services by 14.8% in the first quarter. FMR LLC now owns 11,224,948 shares of the credit services provider’s stock worth $600,086,000 after buying an additional 1,447,047 shares in the last quarter. BlackRock Inc. increased its position in shares of Total System Services by 2,540.3% in the first quarter. BlackRock Inc. now owns 11,122,344 shares of the credit services provider’s stock worth $594,599,000 after buying an additional 10,701,089 shares in the last quarter. State Street Corp increased its position in shares of Total System Services by 0.9% in the first quarter. State Street Corp now owns 7,038,746 shares of the credit services provider’s stock worth $376,286,000 after buying an additional 62,264 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Total System Services by 15.9% in the third quarter. Nordea Investment Management AB now owns 5,031,856 shares of the credit services provider’s stock worth $237,252,000 after buying an additional 688,748 shares in the last quarter. Institutional investors and hedge funds own 71.48% of the company’s stock.
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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