Total System Services, Inc. (TSS) Stock Rating Reaffirmed by KeyCorp
Total System Services, Inc. (NYSE:TSS)‘s stock had its “overweight” rating reissued by equities research analysts at KeyCorp in a research note issued on Thursday.
TSS has been the subject of a number of other reports. Northcoast Research initiated coverage on Total System Services in a research report on Friday, June 30th. They set 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 research report on Monday, May 15th. Zacks Investment Research downgraded Total System Services from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub downgraded Total System Services from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $67.00 target price (up 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, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $65.05.
Shares of Total System Services (TSS) opened at 68.95 on Thursday. Total System Services has a 52 week low of $46.22 and a 52 week high of $69.46. The company has a 50-day moving average of $64.41 and a 200-day moving average of $58.38. The stock has a market capitalization of $12.70 billion, a P/E ratio of 33.45 and a beta of 1.13.
Total System Services (NYSE:TSS) last posted its earnings results on Tuesday, July 25th. The credit services provider reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.05. The firm had revenue of $844.07 million during the quarter, compared to the consensus estimate of $842.57 million. Total System Services had a return on equity of 25.49% and a net margin of 8.78%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 EPS. On average, analysts anticipate that Total System Services will post $3.28 EPS for the current year.
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In other Total System Services news, EVP G Sanders Griffith III sold 18,472 shares of the stock in a transaction on Friday, July 28th. The stock was sold at an average price of $63.25, for a total value of $1,168,354.00. Following the sale, the executive vice president now owns 187,684 shares in the company, valued at $11,871,013. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Paul M. Todd sold 4,057 shares of the stock in a transaction on Monday, August 14th. The stock was 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. In the last quarter, insiders sold 291,503 shares of company stock worth $18,332,089. Insiders own 2.60% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC raised its stake in Total System Services by 480.0% in the second quarter. Lord Abbett & CO. LLC now owns 743,682 shares of the credit services provider’s stock worth $43,319,000 after buying an additional 615,470 shares during the last quarter. Sentry Investment Management LLC raised its stake in Total System Services by 0.4% in the second quarter. Sentry Investment Management LLC now owns 11,216 shares of the credit services provider’s stock worth $653,000 after buying an additional 44 shares during the last quarter. Toronto Dominion Bank raised its stake in Total System Services by 25.9% in the second quarter. Toronto Dominion Bank now owns 56,099 shares of the credit services provider’s stock worth $3,267,000 after buying an additional 11,535 shares during the last quarter. Oak Associates Ltd. OH raised its stake in Total System Services by 36.2% in the second quarter. Oak Associates Ltd. OH now owns 162,110 shares of the credit services provider’s stock worth $9,443,000 after buying an additional 43,100 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Total System Services during the second quarter worth $304,000. Institutional investors and hedge funds own 76.12% of the company’s stock.
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.
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