Total System Services, Inc. (NYSE:TSS) had its price target increased by stock analysts at Barclays PLC from $72.00 to $78.00 in a report issued on Wednesday. The firm presently has an “overweight” rating on the credit services provider’s stock. Barclays PLC’s price target indicates a potential upside of 15.25% from the company’s current price.

A number of other equities analysts have also recently commented on TSS. BMO Capital Markets reissued an “outperform” rating and issued a $67.00 price objective (up from $64.00) on shares of Total System Services in a research note on Thursday, June 22nd. Mizuho assumed coverage on shares of Total System Services in a research note on Tuesday, June 27th. They set a “neutral” rating and a $63.00 price target for the company. Northcoast Research assumed coverage on shares of Total System Services in a research note on Friday, June 30th. They set a “neutral” rating for the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $67.00 price target (up from $65.00) on shares of Total System Services in a research note on Thursday, July 13th. Finally, Zacks Investment Research raised shares of Total System Services from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research note on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $66.33.

Total System Services (NYSE:TSS) traded down 0.30% during mid-day trading on Wednesday, reaching $67.48. 730,883 shares of the company’s stock traded hands. Total System Services has a one year low of $46.22 and a one year high of $70.62. The firm’s 50-day moving average price is $67.34 and its 200 day moving average price is $60.93. The firm has a market cap of $12.43 billion, a price-to-earnings ratio of 32.92 and a beta of 1.12.

Total System Services (NYSE:TSS) last issued its quarterly earnings data on Tuesday, July 25th. The credit services provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.05. Total System Services had a net margin of 8.78% and a return on equity of 25.49%. The business had revenue of $844.07 million during the quarter, compared to analysts’ expectations of $842.57 million. During the same period last year, the company posted $0.74 EPS. The business’s revenue was up 6.2% on a year-over-year basis. On average, equities analysts forecast that Total System Services will post $3.28 EPS for the current year.

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In related news, EVP G Sanders Griffith III sold 18,472 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $63.25, for a total transaction of $1,168,354.00. Following the completion of the transaction, the executive vice president now owns 187,684 shares in the company, valued at approximately $11,871,013. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction, the director now owns 326,200 shares of the company’s stock, valued at approximately $20,762,630. The disclosure for this sale can be found here. In the last quarter, insiders have sold 243,503 shares of company stock valued at $15,490,969. 2.60% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Lord Abbett & CO. LLC raised its stake in shares of Total System Services by 480.0% during the 2nd quarter. Lord Abbett & CO. LLC now owns 743,682 shares of the credit services provider’s stock worth $43,319,000 after acquiring an additional 615,470 shares in the last quarter. Sentry Investment Management LLC raised its stake in shares of Total System Services by 0.4% during the 2nd quarter. Sentry Investment Management LLC now owns 11,216 shares of the credit services provider’s stock worth $653,000 after acquiring an additional 44 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of Total System Services by 25.9% during the 2nd quarter. Toronto Dominion Bank now owns 56,099 shares of the credit services provider’s stock worth $3,267,000 after acquiring an additional 11,535 shares in the last quarter. Oak Associates Ltd. OH raised its stake in shares of Total System Services by 36.2% during the 2nd quarter. Oak Associates Ltd. OH now owns 162,110 shares of the credit services provider’s stock worth $9,443,000 after acquiring an additional 43,100 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Total System Services during the 2nd quarter worth approximately $304,000. Hedge funds and other institutional investors own 76.13% 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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