Total System Services, Inc. (TSS) Coverage Initiated by Analysts at Bank of America Corporation
Equities research analysts at Bank of America Corporation assumed coverage on shares of Total System Services, Inc. (NYSE:TSS) in a research report issued on Tuesday. The firm set an “underperform” rating and a $64.00 price target on the credit services provider’s stock. Bank of America Corporation’s price objective points to a potential downside of 8.24% from the company’s previous close.
TSS has been the topic of a number of other reports. Zacks Investment Research cut Total System Services from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Northcoast Research started coverage on Total System Services in a research note on Friday, June 30th. They issued a “neutral” rating on the stock. Goldman Sachs Group, Inc. (The) upgraded Total System Services from a “neutral” rating to a “buy” rating in a research note on Monday, May 15th. BidaskClub cut Total System Services from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $67.00 target price (up from $64.00) on shares of Total System Services in a research note on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $65.00.
Shares of Total System Services (NYSE TSS) traded down 1.06% during trading on Tuesday, reaching $69.01. 389,766 shares of the company’s stock were exchanged. The company’s 50-day moving average is $65.55 and its 200 day moving average is $58.90. Total System Services has a 52 week low of $46.22 and a 52 week high of $70.21. The stock has a market capitalization of $12.71 billion, a PE ratio of 33.48 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.05. The company had revenue of $844.07 million for the quarter, compared to analysts’ expectations of $842.57 million. Total System Services had a return on equity of 25.49% and a net margin of 8.78%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business posted $0.74 earnings per share. On average, analysts forecast that Total System Services will post $3.28 earnings per share 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 business’s stock in a transaction dated Friday, July 28th. The shares were 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 directly owns 187,684 shares in the company, valued at $11,871,013. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Paul M. Todd sold 4,057 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $63.50, for a total transaction of $257,619.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 243,503 shares of company stock worth $15,490,969. 2.60% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of TSS. Bronfman E.L. Rothschild L.P. raised its position in 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 acquiring an additional 228 shares in the last quarter. Acrospire Investment Management LLC increased its stake in Total System Services by 122.2% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,000 shares of the credit services provider’s stock worth $117,000 after purchasing an additional 1,100 shares in the last quarter. TLP Group LLC purchased a new position in Total System Services in the 2nd quarter worth about $122,000. Pacer Advisors Inc. increased its stake in Total System Services by 3.4% in the 1st quarter. Pacer Advisors Inc. now owns 3,597 shares of the credit services provider’s stock worth $192,000 after purchasing an additional 119 shares in the last quarter. Finally, Doyle Wealth Management purchased a new position in Total System Services in the 2nd quarter worth about $205,000. Hedge funds and other institutional investors own 76.14% 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.
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