Total System Services, Inc. (NYSE:TSS) – Research analysts at Wedbush lifted their Q4 2018 earnings per share (EPS) estimates for Total System Services in a report issued on Monday, Zacks Investment Research reports. Wedbush analyst M. Katri now anticipates that the credit services provider will post earnings per share of $0.89 for the quarter, up from their previous forecast of $0.85. Wedbush also issued estimates for Total System Services’ Q3 2019 earnings at $1.06 EPS.
Several other research analysts have also recently commented on TSS. Evercore ISI upgraded shares of 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 set a $90.00 target price on shares of Total System Services in a report on Thursday, January 4th. Stephens restated a “buy” rating and set a $88.00 target price on shares of Total System Services in a report on Wednesday. Zacks Investment Research upgraded shares of Total System Services from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a report on Thursday. Finally, Robert W. Baird restated a “buy” rating on shares of Total System Services in a report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $74.04.
Total System Services (TSS) opened at $82.00 on Thursday. Total System Services has a 1-year low of $49.98 and a 1-year high of $82.57. The company has a market cap of $15,110.00, a price-to-earnings ratio of 36.44, a P/E/G ratio of 1.84 and a beta of 1.10. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.02.
Total System Services (NYSE:TSS) last released its quarterly earnings results on Tuesday, October 24th. The credit services provider reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.07. Total System Services had a net margin of 8.73% and a return on equity of 26.25%. The company had revenue of $852.80 million during the quarter, compared to analysts’ expectations of $842.30 million. During the same quarter in the prior year, the company earned $0.71 earnings per share. The business’s quarterly revenue was up 8.0% compared to the same quarter last year.
Institutional investors and hedge funds have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. raised its position 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 valued at $114,000 after purchasing an additional 228 shares during the period. Acrospire Investment Management LLC raised its position in shares of Total System Services by 122.2% in the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the credit services provider’s stock valued at $117,000 after purchasing an additional 1,100 shares during the period. TLP Group LLC bought a new position in Total System Services during the second quarter worth about $122,000. Parkwood LLC bought a new position in Total System Services during the third quarter worth about $200,000. Finally, Reliance Trust Co. bought a new position in Total System Services during the third quarter worth about $211,000. 75.93% of the stock is currently owned by institutional investors.
In other Total System Services news, EVP Patricia A. Watson sold 23,608 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were 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 directly owns 21,112 shares of the company’s stock, valued at $1,562,499.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.60% of the company’s stock.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Thursday, December 21st were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.63%. The ex-dividend date was Wednesday, December 20th. Total System Services’s dividend payout ratio (DPR) is currently 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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