Zacks Investment Research upgraded shares of Total System Services (NYSE:TSS) from a hold rating to a buy rating in a research report report published on Friday. They currently have $86.00 price objective on the credit services provider’s stock.

According to Zacks, “Shares of Total System have outperformed its industry year to date. The company is set to benefit from its robust NetSpend business, while the TransFirst acquisition will support its merchant acquiring business. Numerous acquisitions made by the company have contributed to overall growth.  Following a strong performance in the first nine months of the year, the company raised its 2017 earnings guidance, which instills investors' confidence. Total System has strengthened its capital position by reducing debt to its targeted range. Resumption of share buyback is another positive. The stock has seen the Zacks Consensus Estimate for current-year earnings being revised 1.8% upward over the last 60 days. Nevertheless, exposure to foreign exchange volatility and investment expenses might weigh on the margins in the coming quarters.”

Other equities research analysts also recently issued research reports about the stock. Cowen reaffirmed a buy rating and issued a $67.00 target price on shares of Total System Services in a research report on Thursday, September 7th. Robert W. Baird reaffirmed a buy rating on shares of Total System Services in a research report on Tuesday, September 26th. Royal Bank of Canada reaffirmed a buy rating and issued a $75.00 target price on shares of Total System Services in a research report on Friday, September 29th. Nomura lifted their target price on shares of Total System Services from $71.00 to $79.00 and gave the stock a buy rating in a research report on Wednesday, October 25th. Finally, Citigroup lifted their target price on shares of Total System Services from $71.00 to $78.00 and gave the stock a buy rating in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, ten have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $71.16.

Total System Services (NYSE TSS) traded up $1.18 during trading hours on Friday, reaching $77.81. 2,277,536 shares of the company’s stock were exchanged, compared to its average volume of 1,118,011. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.03 and a current ratio of 1.03. Total System Services has a fifty-two week low of $48.65 and a fifty-two week high of $77.87. The company has a market cap of $14,088.13, a P/E ratio of 24.40, a PEG ratio of 1.88 and a beta of 1.10.

Total System Services (NYSE:TSS) last posted its earnings results on Tuesday, October 24th. The credit services provider reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. Total System Services had a net margin of 8.73% and a return on equity of 26.25%. The business had revenue of $852.80 million during the quarter, compared to the consensus estimate of $842.30 million. During the same quarter in the previous year, the firm posted $0.71 EPS. The firm’s revenue was up 8.0% on a year-over-year basis. equities analysts predict that Total System Services will post 3.2 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Thursday, December 21st will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Wednesday, December 20th. Total System Services’s dividend payout ratio is presently 23.11%.

In other news, EVP Patricia A. Watson sold 23,608 shares of Total System Services stock in a transaction on Thursday, November 16th. The shares were 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 approximately $1,562,499.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.60% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Sentry Investment Management LLC lifted 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 valued at $653,000 after buying an additional 44 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Total System Services by 0.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,305 shares of the credit services provider’s stock valued at $717,000 after buying an additional 64 shares in the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI lifted its stake in shares of Total System Services by 0.3% during the 2nd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 34,278 shares of the credit services provider’s stock valued at $1,997,000 after buying an additional 100 shares in the last quarter. Conning Inc. lifted its stake in shares of Total System Services by 2.5% during the 2nd quarter. Conning Inc. now owns 4,172 shares of the credit services provider’s stock valued at $243,000 after buying an additional 100 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its stake in shares of Total System Services by 3.9% during the 2nd quarter. Raymond James Trust N.A. now owns 4,993 shares of the credit services provider’s stock valued at $291,000 after buying an additional 188 shares in the last quarter. Institutional investors and hedge funds own 76.09% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/12/16/total-system-services-tss-upgraded-by-zacks-investment-research-to-buy.html.

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)

Receive News & Stock Ratings for Total System Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Total System Services and related stocks with our FREE daily email newsletter.