Total System Services, Inc. (NYSE:TSS) – Analysts at Wedbush boosted their Q2 2018 EPS estimates for Total System Services in a report released on Monday, according to Zacks Investment Research. Wedbush analyst M. Katri now expects that the credit services provider will post earnings of $0.95 per share for the quarter, up from their previous estimate of $0.90. Wedbush also issued estimates for Total System Services’ Q3 2018 earnings at $0.96 EPS, FY2018 earnings at $3.64 EPS, Q1 2019 earnings at $1.00 EPS, Q2 2019 earnings at $1.08 EPS and FY2019 earnings at $4.13 EPS.
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 the consensus estimate of $0.81 by $0.07. Total System Services had a return on equity of 26.25% and a net margin of 8.73%. The firm had revenue of $852.80 million for the quarter, compared to analyst estimates of $842.30 million. During the same period last year, the company earned $0.71 earnings per share. Total System Services’s revenue for the quarter was up 8.0% compared to the same quarter last year.
Several other analysts have also commented on the company. Zacks Investment Research lowered Total System Services from a “buy” rating to a “hold” rating in a report on Friday. Stephens reissued a “buy” rating and issued a $88.00 price objective on shares of Total System Services in a report on Wednesday. Evercore ISI raised Total System Services from an “in-line” rating to an “outperform” rating in a report on Wednesday. Royal Bank of Canada restated a “buy” rating and issued a $90.00 target price on shares of Total System Services in a research report on Thursday, January 4th. Finally, Mizuho restated a “hold” rating and issued a $85.00 target price on shares of Total System Services in a research report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $74.04.
Shares of Total System Services (NYSE TSS) opened at $82.00 on Wednesday. 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 1-year low of $49.98 and a 1-year high of $82.57. The company has a market capitalization of $15,108.48, a P/E ratio of 36.44, a price-to-earnings-growth ratio of 1.84 and a beta of 1.10.
A number of institutional investors have recently made changes to their positions in TSS. Bronfman E.L. Rothschild L.P. increased its stake in Total System Services by 13.2% during 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 last quarter. Acrospire Investment Management LLC increased 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 worth $117,000 after acquiring an additional 1,100 shares during the last quarter. TLP Group LLC acquired a new stake in Total System Services during the second quarter worth $122,000. Parkwood LLC acquired a new stake in Total System Services during the third quarter worth $200,000. Finally, Reliance Trust Co. acquired a new stake in Total System Services during the third quarter worth $211,000. Hedge funds and other institutional investors own 75.93% of the company’s stock.
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 transaction, the executive vice president now owns 21,112 shares in the company, valued at $1,562,499.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.60% of the company’s stock.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Thursday, December 21st were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $0.52 dividend on an annualized basis and a yield of 0.63%. Total System Services’s payout ratio is 23.11%.
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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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