Total System Services, Inc. (NYSE:TSS)‘s stock had its “buy” rating restated by equities research analysts at Stifel Nicolaus in a report issued on Thursday. They presently have a $67.00 price objective on the credit services provider’s stock, up from their previous price objective of $65.00. Stifel Nicolaus’ target price suggests a potential upside of 10.43% from the company’s current price.

A number of other brokerages have also commented on TSS. Barclays PLC boosted their price objective on shares of Total System Services from $65.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, May 25th. Zacks Investment Research lowered shares of Total System Services from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub lowered shares of Total System Services from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Instinet boosted their price objective on shares of Total System Services from $61.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, June 6th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $67.00 price objective (up previously from $64.00) on shares of Total System Services in a research report on Thursday, June 22nd. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $61.89.

Total System Services (NYSE:TSS) opened at 60.67 on Thursday. The stock’s 50 day moving average is $58.96 and its 200 day moving average is $54.70. Total System Services has a 52 week low of $46.22 and a 52 week high of $61.42. The firm has a market cap of $11.17 billion, a price-to-earnings ratio of 33.46 and a beta of 1.13.

Total System Services (NYSE:TSS) last announced its quarterly earnings data on Tuesday, April 25th. The credit services provider reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.02. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. Total System Services had a net margin of 7.86% and a return on equity of 25.16%. The firm’s revenue for the quarter was up 62.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 earnings per share. Equities research analysts expect that Total System Services will post $3.24 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Thursday, June 22nd were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.66%. The ex-dividend date was Tuesday, June 20th. Total System Services’s dividend payout ratio (DPR) is currently 22.10%.

COPYRIGHT VIOLATION WARNING: This story was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright law. The original version of this story can be read at https://www.thecerbatgem.com/2017/07/17/stifel-nicolaus-reiterates-buy-rating-for-total-system-services-inc-nysetss.html.

In other Total System Services news, Director Richard W. Ussery sold 48,000 shares of the company’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $59.19, for a total value of $2,841,120.00. Following the transaction, the director now directly owns 219,968 shares in the company, valued at $13,019,905.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman M Troy Woods sold 6,500 shares of the company’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $57.30, for a total transaction of $372,450.00. Following the completion of the transaction, the chairman now owns 285,966 shares in the company, valued at $16,385,851.80. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new position in Total System Services during the fourth quarter valued at approximately $1,805,000. Dimensional Fund Advisors LP increased its position in Total System Services by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 870,889 shares of the credit services provider’s stock valued at $42,701,000 after buying an additional 12,926 shares in the last quarter. Federated Investors Inc. PA increased its position in Total System Services by 11.0% in the fourth quarter. Federated Investors Inc. PA now owns 3,935 shares of the credit services provider’s stock valued at $193,000 after buying an additional 391 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Total System Services by 573.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 36,430 shares of the credit services provider’s stock valued at $1,786,000 after buying an additional 31,020 shares in the last quarter. Finally, HighPoint Advisor Group LLC bought a new position in Total System Services during the fourth quarter valued at approximately $785,000. Hedge funds and other institutional investors own 75.17% 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.

Analyst Recommendations for Total System Services (NYSE:TSS)

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.