Total System Services (NYSE:TSS)‘s stock had its “buy” rating reaffirmed by equities researchers at Robert W. Baird in a research note issued on Friday. They currently have a $84.00 price objective on the credit services provider’s stock. Robert W. Baird’s price objective would suggest a potential upside of 7.96% from the company’s current price.

A number of other brokerages have also weighed in on TSS. Barclays raised their price objective on Total System Services from $78.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, October 25th. Zacks Investment Research lowered Total System Services from a “buy” rating to a “hold” rating in a report on Thursday. BidaskClub upgraded Total System Services from a “buy” rating to a “strong-buy” rating in a report on Friday, August 18th. KeyCorp restated an “overweight” rating on shares of Total System Services in a report on Thursday, August 31st. Finally, Stifel Nicolaus lowered Total System Services from a “buy” rating to a “hold” rating and set a $69.00 price objective on the stock. in a report on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $71.16.

Total System Services (TSS) opened at $77.81 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $14,305.06, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 1.91 and a beta of 1.10. Total System Services has a fifty-two week low of $48.65 and a fifty-two week high of $77.87.

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

In other news, EVP Patricia A. Watson sold 23,608 shares of Total System Services stock in a transaction 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 approximately $1,562,499.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is owned by insiders.

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

WARNING: “Total System Services (TSS) Stock Rating Reaffirmed by Robert W. Baird” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this news story can be read at https://www.thecerbatgem.com/2017/12/17/total-system-services-tss-stock-rating-reaffirmed-by-robert-w-baird.html.

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)

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.