Total System Services (NYSE:TSS)‘s stock had its “hold” rating reissued by Oppenheimer in a research note issued to investors on Monday, December 18th.
Several other research analysts have also recently issued reports on TSS. Royal Bank of Canada initiated coverage on Total System Services in a research report on Monday, August 28th. They issued an “outperform” rating and a $75.00 target price on the stock. 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. Cowen reaffirmed a “buy” rating and issued a $67.00 price objective on shares of Total System Services in a research note on Thursday, September 7th. Finally, Bank of America assumed coverage on Total System Services in a research note on Tuesday, September 12th. They issued an “underperform” rating and a $64.00 price objective on the stock. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Total System Services has an average rating of “Buy” and a consensus price target of $74.04.
Shares of Total System Services (NYSE TSS) traded up $0.69 during trading hours on Monday, reaching $82.18. The company’s stock had a trading volume of 1,021,294 shares, compared to its average volume of 1,315,412. The stock has a market capitalization of $15,140.00, a PE ratio of 36.52, a price-to-earnings-growth ratio of 1.79 and a beta of 1.10. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.03 and a quick ratio of 1.03. Total System Services has a fifty-two week low of $49.98 and a fifty-two week high of $82.41.
Total System Services (NYSE:TSS) last announced its earnings results on Tuesday, October 24th. The credit services provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.07. The business had revenue of $852.80 million for 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%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the firm posted $0.71 earnings per share. equities analysts forecast that Total System Services will post 3.2 earnings per share for the current year.
In related news, EVP Patricia A. Watson sold 23,608 shares of Total System Services 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 sale, the executive vice president now owns 21,112 shares of the company’s stock, valued at approximately $1,562,499.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.60% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of TSS. Ameriprise Financial Inc. raised its stake in 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 valued at $256,053,000 after purchasing an additional 3,553,887 shares during the period. Janus Henderson Group PLC raised its stake in Total System Services by 7,710.6% during the 2nd quarter. Janus Henderson Group PLC now owns 1,735,118 shares of the credit services provider’s stock valued at $101,071,000 after purchasing an additional 1,712,903 shares during the period. American Century Companies Inc. raised its stake in Total System Services by 5,111.9% during the 3rd quarter. American Century Companies Inc. now owns 1,000,833 shares of the credit services provider’s stock valued at $65,555,000 after purchasing an additional 981,630 shares during the period. Wells Fargo & Company MN raised its stake in 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 valued at $187,708,000 after purchasing an additional 675,452 shares during the period. Finally, Prudential Financial Inc. raised its stake in Total System Services by 160.2% during the 2nd quarter. Prudential Financial Inc. now owns 1,091,132 shares of the credit services provider’s stock valued at $63,558,000 after purchasing an additional 671,800 shares during the period. 75.93% of the stock is currently owned by institutional investors.
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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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