Total System Services, Inc. (NYSE:TSS) has been given an average recommendation of “Buy” by the twenty-four ratings firms that are currently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and seventeen have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $63.63.

Several equities analysts recently issued reports on TSS shares. Northcoast Research initiated coverage on shares of Total System Services in a research note on Friday, June 30th. They set a “neutral” rating on the stock. BidaskClub downgraded shares of Total System Services from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Stifel Nicolaus set a $65.00 price target on shares of Total System Services and gave the stock a “buy” rating in a research note on Wednesday, April 26th. Pacific Crest reaffirmed an “overweight” rating and set a $58.00 price target on shares of Total System Services in a research note on Monday, April 24th. Finally, Zacks Investment Research raised shares of Total System Services from a “sell” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Wednesday, April 12th.

In related news, EVP G Sanders Griffith III sold 18,472 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $63.25, for a total transaction of $1,168,354.00. Following the transaction, the executive vice president now directly owns 187,684 shares of the company’s stock, valued at $11,871,013. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Philip W. Tomlinson sold 220,974 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $63.65, for a total transaction of $14,064,995.10. Following the transaction, the director now directly owns 326,200 shares in the company, valued at $20,762,630. The disclosure for this sale can be found here. Insiders sold a total of 287,446 shares of company stock worth $18,074,469 over the last quarter. Insiders own 2.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. First National Bank of Omaha increased its position in shares of Total System Services by 11.2% in the first quarter. First National Bank of Omaha now owns 89,772 shares of the credit services provider’s stock worth $4,799,000 after buying an additional 9,021 shares during the last quarter. Bank of Montreal Can increased its position in shares of Total System Services by 10.0% in the first quarter. Bank of Montreal Can now owns 318,717 shares of the credit services provider’s stock worth $17,039,000 after buying an additional 28,909 shares during the last quarter. Gulf International Bank UK Ltd increased its position in shares of Total System Services by 1.7% in the first quarter. Gulf International Bank UK Ltd now owns 54,542 shares of the credit services provider’s stock worth $2,915,000 after buying an additional 900 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its position in shares of Total System Services by 2.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 142,255 shares of the credit services provider’s stock worth $7,605,000 after buying an additional 4,013 shares during the last quarter. Finally, Macquarie Group Ltd. increased its position in shares of Total System Services by 34.6% in the fourth quarter. Macquarie Group Ltd. now owns 12,800 shares of the credit services provider’s stock worth $628,000 after buying an additional 3,291 shares during the last quarter. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Total System Services (NYSE TSS) opened at 64.18 on Monday. The company has a 50 day moving average price of $60.20 and a 200 day moving average price of $56.34. The company has a market cap of $11.82 billion, a price-to-earnings ratio of 31.26 and a beta of 1.14. Total System Services has a one year low of $46.22 and a one year high of $64.94.

Total System Services (NYSE:TSS) last announced its quarterly earnings data on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.05. The business had revenue of $844.07 million for the quarter, compared to the consensus estimate of $842.57 million. Total System Services had a net margin of 8.78% and a return on equity of 25.49%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.74 earnings per share. Equities analysts predict that Total System Services will post $3.28 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 29th will be issued a $0.13 dividend. This is an increase from Total System Services’s previous quarterly dividend of $0.10. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Wednesday, September 20th. Total System Services’s payout ratio is presently 19.51%.

Total System Services Company Profile

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)

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