Total System Services, Inc. (NYSE:TSS) has been given a consensus recommendation of “Buy” by the twenty-eight research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, seventeen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $69.95.
A number of brokerages have recently issued reports on TSS. Cowen reaffirmed a “buy” rating and set a $67.00 price target on shares of Total System Services in a report on Thursday, September 7th. Wells Fargo & Company upped their price objective on Total System Services from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, September 27th. Bank of America assumed coverage on Total System Services in a research report on Tuesday, September 12th. They set an “underperform” rating and a $64.00 price objective for the company. Jefferies Group upped their price objective on Total System Services from $59.00 to $73.00 and gave the company a “hold” rating in a research report on Monday, October 30th. Finally, BMO Capital Markets upped their price objective on Total System Services from $70.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th.
In other news, EVP Patricia A. Watson sold 23,608 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $74.01, for a total value of $1,747,228.08. Following the completion of the transaction, the executive vice president now owns 21,112 shares of the company’s stock, valued at $1,562,499.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.60% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Total System Services by 13.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,959 shares of the credit services provider’s stock worth $114,000 after acquiring an additional 228 shares during the period. Acrospire Investment Management LLC boosted its stake in Total System Services by 122.2% during the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the credit services provider’s stock valued at $117,000 after buying an additional 1,100 shares during the last quarter. TLP Group LLC bought a new position in Total System Services during the second quarter valued at approximately $122,000. Parkwood LLC bought a new position in Total System Services during the third quarter valued at approximately $200,000. Finally, Texas Yale Capital Corp. bought a new position in Total System Services during the second quarter valued at approximately $205,000. 76.09% of the stock is owned by hedge funds and other institutional investors.
Shares of Total System Services (NYSE:TSS) traded up $0.66 during trading hours on Thursday, hitting $76.58. The stock had a trading volume of 1,570,000 shares, compared to its average volume of 1,280,000. The company has a market capitalization of $14,110.00, a P/E ratio of 24.39, a P/E/G ratio of 1.88 and a beta of 1.10. 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 1 year low of $48.65 and a 1 year high of $77.38.
Total System Services (NYSE:TSS) last announced its quarterly earnings results on Tuesday, October 24th. The credit services provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.07. The firm had revenue of $852.80 million for the quarter, compared to the consensus estimate of $842.30 million. Total System Services had a return on equity of 26.25% and a net margin of 8.73%. The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 earnings per share. sell-side analysts expect that Total System Services will post 3.2 EPS for the current year.
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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.
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