Somewhat Positive Press Coverage Somewhat Unlikely to Impact Total System Services (TSS) Stock Price
News headlines about Total System Services (NYSE:TSS) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Total System Services earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave media coverage about the credit services provider an impact score of 45.7874731809138 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Total System Services, Inc. (TSS) Trades at 52-Week High – Highlight Press (highlightpress.com)
- Total System Services, Inc. (NYSE:TSS) versus Arch Capital Group Ltd. (NASDAQ:ACGL): The Right Stocks For Heady … – FLBC News (flbcnews.com)
- $1.22 Billion in Sales Expected for Total System Services, Inc. (TSS) This Quarter (americanbankingnews.com)
- KeyCorp Reiterates “Overweight” Rating for Total System Services, Inc. (TSS) (americanbankingnews.com)
- Consensus score reveals Buy position in Financial stock: Total System Services, Inc. (TSS) – Street Observer (press release) (streetobserver.com)
Total System Services (NYSE:TSS) opened at 69.12 on Friday. The company’s 50 day moving average price is $64.18 and its 200-day moving average price is $58.28. The firm has a market capitalization of $12.73 billion, a price-to-earnings ratio of 33.54 and a beta of 1.14. Total System Services has a 12-month low of $46.22 and a 12-month high of $69.25.
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, beating the Zacks’ 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 company had revenue of $844.07 million for the quarter, compared to analyst estimates of $842.57 million. During the same quarter last year, the company earned $0.74 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, equities analysts anticipate that Total System Services will post $3.28 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 29th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.75%. This is an increase from Total System Services’s previous quarterly dividend of $0.10. The ex-dividend date is Wednesday, September 20th. Total System Services’s dividend payout ratio (DPR) is presently 19.51%.
TSS has been the topic of several research reports. Stifel Nicolaus restated a “buy” rating and issued a $67.00 target price (up previously from $65.00) on shares of Total System Services in a research note on Thursday, July 13th. Instinet boosted their target price on Total System Services from $61.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, June 6th. Goldman Sachs Group Inc upgraded Total System Services from a “neutral” rating to a “buy” rating in a research note on Monday, May 15th. Zacks Investment Research upgraded Total System Services from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research note on Wednesday, May 31st. Finally, BidaskClub upgraded Total System Services from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Seven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Total System Services has a consensus rating of “Buy” and an average target price of $65.05.
In related news, EVP G Sanders Griffith III sold 18,472 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $63.25, for a total transaction of $1,168,354.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Paul M. Todd sold 4,057 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $63.50, for a total value of $257,619.50. The disclosure for this sale can be found here. Insiders have sold 291,503 shares of company stock valued at $18,332,089 over the last ninety days. 2.60% of the stock is currently owned by company insiders.
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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