Total System Services (NYSE:TSS) was downgraded by Goldman Sachs Group from a “buy” rating to a “neutral” rating in a report issued on Monday.

Several other research analysts have also recently weighed in on TSS. BidaskClub raised Total System Services from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. Royal Bank Of Canada started coverage on Total System Services in a research report on Monday, August 28th. They set an “outperform” rating and a $75.00 price target for the company. Zacks Investment Research cut Total System Services from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. KeyCorp reissued an “overweight” rating on shares of Total System Services in a research report on Thursday, August 31st. Finally, Cowen reissued a “buy” rating and set a $67.00 price target on shares of Total System Services in a research report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $69.36.

Total System Services (TSS) opened at $76.58 on Monday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $14,078.94, a PE ratio of 24.39, a PEG ratio of 1.88 and a beta of 1.10. Total System Services has a 52-week low of $48.65 and a 52-week high of $77.38.

Total System Services (NYSE:TSS) last posted its quarterly earnings data on Tuesday, October 24th. The credit services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.07. The company had revenue of $852.80 million during the quarter, compared to analysts’ expectations of $842.30 million. Total System Services had a return on equity of 26.25% and a net margin of 8.73%. Total System Services’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 earnings per share. research analysts anticipate that Total System Services will post 3.2 EPS for the current fiscal year.

In other news, EVP Patricia A. Watson sold 23,608 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $74.01, for a total transaction of $1,747,228.08. Following the transaction, the executive vice president now owns 21,112 shares in the company, valued at $1,562,499.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.60% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Total System Services by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 16,532,149 shares of the credit services provider’s stock worth $962,997,000 after acquiring an additional 525,686 shares during the period. Synovus Financial Corp increased its stake in shares of Total System Services by 1.0% in the 2nd quarter. Synovus Financial Corp now owns 13,709,409 shares of the credit services provider’s stock valued at $798,579,000 after purchasing an additional 134,998 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Total System Services by 422.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,395,728 shares of the credit services provider’s stock valued at $256,053,000 after purchasing an additional 3,553,887 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Total System Services by 21.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 3,610,449 shares of the credit services provider’s stock valued at $210,308,000 after purchasing an additional 649,271 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Total System Services by 26.5% in the 2nd quarter. Wells Fargo & Company MN now owns 3,222,462 shares of the credit services provider’s stock valued at $187,708,000 after purchasing an additional 675,452 shares during the last quarter. Hedge funds and other institutional investors own 76.09% of the company’s stock.

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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.

Analyst Recommendations for Total System Services (NYSE:TSS)

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