Royal Bank Of Canada initiated coverage on shares of Total System Services, Inc. (NYSE:TSS) in a report published on Monday, Marketbeat.com reports. The firm issued an outperform rating and a $75.00 price target on the credit services provider’s stock.

TSS has been the subject of several other reports. Northcoast Research started coverage on Total System Services in a report on Friday, June 30th. They issued a neutral rating for the company. Goldman Sachs Group, Inc. (The) upgraded Total System Services from a neutral rating to a buy rating in a report on Monday, May 15th. Zacks Investment Research lowered Total System Services from a buy rating to a hold rating in a report on Friday, June 2nd. BidaskClub lowered Total System Services from a buy rating to a hold rating in a report on Saturday, June 10th. Finally, BMO Capital Markets reiterated an outperform rating and set a $67.00 price target (up from $64.00) on shares of Total System Services in a report on Thursday, June 22nd. Seven equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $65.05.

Total System Services (NYSE TSS) opened at 68.20 on Monday. The firm has a market cap of $12.57 billion, a PE ratio of 33.09 and a beta of 1.14. Total System Services has a 12-month low of $46.22 and a 12-month high of $68.31. The firm’s 50-day moving average is $63.19 and its 200 day moving average is $57.86.

Total System Services (NYSE:TSS) last posted its earnings results on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.05. Total System Services had a return on equity of 25.49% and a net margin of 8.78%. The firm had revenue of $844.07 million during the quarter, compared to analyst estimates of $842.57 million. During the same period in the previous year, the company earned $0.74 EPS. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. Equities research analysts predict that Total System Services will post $3.28 EPS for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 29th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, September 20th. This is a boost 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 0.76%. Total System Services’s payout ratio is currently 19.51%.

In other news, Director Philip W. Tomlinson sold 220,974 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $63.65, for a total transaction of $14,064,995.10. Following the sale, the director now directly owns 326,200 shares in the company, valued at $20,762,630. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard W. Ussery sold 48,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 219,968 shares in the company, valued at $13,019,905.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 291,503 shares of company stock worth $18,332,089. 2.60% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Total System Services by 13.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,959 shares of the credit services provider’s stock worth $114,000 after buying an additional 228 shares during the period. Acrospire Investment Management LLC boosted its stake in shares of Total System Services by 122.2% in the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the credit services provider’s stock worth $117,000 after buying an additional 1,100 shares during the period. TLP Group LLC bought a new stake in shares of Total System Services during the second quarter worth $122,000. Advisory Services Network LLC bought a new stake in shares of Total System Services during the first quarter worth $169,000. Finally, Pacer Advisors Inc. boosted its stake in shares of Total System Services by 3.4% in the first quarter. Pacer Advisors Inc. now owns 3,597 shares of the credit services provider’s stock worth $192,000 after buying an additional 119 shares during the period. Hedge funds and other institutional investors own 76.12% 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)

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