Total System Services (TSS) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research lowered shares of Total System Services (NYSE:TSS) from a buy rating to a hold rating in a research note released on Friday, January 12th.

According to Zacks, “Shares of Total System have outperformed its industry in last year. The company is set to benefit from its robust NetSpend business, while the TransFirst and Cayan acquisition will support its merchant acquiring business. Numerous acquisitions made by the company have contributed to overall growth.  Following a strong performance in the first nine months of the year, the company raised its 2017 earnings guidance, which instills investors' confidence. Total System has strengthened its capital position by reducing debt to its targeted range. Resumption of share buyback is another positive. The stock has seen the Zacks Consensus Estimate for 2018 earnings being revised 1.7% upward over the last 90 days. Nevertheless, exposure to foreign exchange volatility and investment expenses might weigh on the margins in the coming quarters.”

Several other research analysts also recently issued reports on TSS. Robert W. Baird reiterated a buy rating on shares of Total System Services in a research report on Tuesday, September 26th. Citigroup upped their price target on shares of Total System Services from $71.00 to $78.00 and gave the stock a buy rating in a research report on Wednesday, October 25th. Royal Bank of Canada reiterated a buy rating and set a $90.00 price target on shares of Total System Services in a research report on Thursday, January 4th. Stephens reissued an overweight rating and set a $70.00 price objective on shares of Total System Services in a report on Tuesday, September 26th. Finally, Nomura boosted their price objective on Total System Services from $71.00 to $79.00 and gave the stock a buy rating in a report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Total System Services has a consensus rating of Buy and an average price target of $81.46.

Shares of Total System Services (NYSE TSS) traded down $1.59 during trading hours on Friday, hitting $86.83. 2,020,000 shares of the stock traded hands, compared to its average volume of 1,300,000. Total System Services has a 52 week low of $50.93 and a 52 week high of $89.92. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.09 and a quick ratio of 1.03. The firm has a market cap of $16,000.00, a P/E ratio of 25.77, a PEG ratio of 1.53 and a beta of 1.13.

Total System Services (NYSE:TSS) last issued its earnings results on Tuesday, January 23rd. The credit services provider reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.03. Total System Services had a net margin of 11.90% and a return on equity of 26.21%. The company had revenue of $870.61 million for the quarter, compared to the consensus estimate of $848.20 million. During the same quarter in the previous year, the company earned $0.71 EPS. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. equities research analysts predict that Total System Services will post 3.96 earnings per share for the current fiscal year.

In other Total System Services news, Chairman M Troy Woods sold 49,540 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $87.81, for a total transaction of $4,350,107.40. Following the completion of the transaction, the chairman now owns 369,121 shares of the company’s stock, valued at approximately $32,412,515.01. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Patricia A. Watson sold 9,596 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $88.42, for a total value of $848,478.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,876 shares of company stock valued at $8,892,847. 2.60% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC acquired a new stake in shares of Total System Services in the 4th quarter valued at approximately $109,000. Acrospire Investment Management LLC boosted its holdings in shares of Total System Services by 122.2% in the 2nd 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 acquired a new stake in shares of Total System Services in the 2nd quarter valued at approximately $122,000. Cahaba Wealth Management Inc. acquired a new stake in shares of Total System Services in the 4th quarter valued at approximately $208,000. Finally, Parkwood LLC acquired a new stake in shares of Total System Services in the 3rd quarter valued at approximately $200,000. 76.10% of the stock is owned by hedge funds and other institutional investors.

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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.

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