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.

Analyst Recommendations for Total System Services (NYSE:TSS)

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