Total System Services, Inc. (NYSE:TSS) Price Target Increased to $75.00 by Analysts at Stephens

Total System Services, Inc. (NYSE:TSS) had its price target hoisted by equities research analysts at Stephens from $70.00 to $75.00 in a report released on Wednesday, October 25th, The Fly reports. The firm currently has an “overweight” rating on the credit services provider’s stock. Stephens’ target price indicates a potential upside of 3.69% from the stock’s previous close.

TSS has been the subject of a number of other reports. Zacks Investment Research lowered shares of Total System Services from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Barclays PLC increased their target price on shares of Total System Services from $72.00 to $78.00 and gave the stock an “overweight” rating in a report on Wednesday, October 11th. Robert W. Baird increased their price target on shares of Total System Services from $76.00 to $78.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. Northcoast Research assumed coverage on shares of Total System Services in a research note on Friday, June 30th. They issued a “neutral” rating for the company. Finally, Wells Fargo & Company increased their price target on shares of Total System Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $69.36.

Shares of Total System Services (NYSE TSS) opened at $72.33 on Wednesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.09 and a current ratio of 1.03. The firm has a market cap of $13,279.21, a PE ratio of 23.00, a PEG ratio of 1.77 and a beta of 1.11. Total System Services has a 1-year low of $47.01 and a 1-year high of $73.84.

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

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In related news, CFO Paul M. Todd sold 4,057 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $63.50, for a total value of $257,619.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.60% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Schroder Investment Management Group boosted its holdings in Total System Services by 39.3% in the third quarter. Schroder Investment Management Group now owns 737,800 shares of the credit services provider’s stock worth $47,979,000 after purchasing an additional 208,000 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Total System Services by 10.8% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,635 shares of the credit services provider’s stock worth $893,000 after purchasing an additional 1,330 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Total System Services by 24.3% in the third quarter. JPMorgan Chase & Co. now owns 311,561 shares of the credit services provider’s stock worth $20,260,000 after purchasing an additional 60,848 shares during the last quarter. Legal & General Group Plc boosted its holdings in Total System Services by 1.9% in the third quarter. Legal & General Group Plc now owns 882,775 shares of the credit services provider’s stock worth $57,822,000 after purchasing an additional 16,094 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its holdings in Total System Services by 0.7% in the third quarter. Great West Life Assurance Co. Can now owns 120,499 shares of the credit services provider’s stock worth $7,825,000 after purchasing an additional 893 shares during the last quarter. Institutional investors own 76.41% 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.

The Fly

Analyst Recommendations for Total System Services (NYSE:TSS)

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