Total System Services (NYSE:TSS) Raised to Buy at Zacks Investment Research

Total System Services (NYSE:TSS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, January 11th. The brokerage currently has a $91.00 target price on the credit services provider’s stock. Zacks Investment Research‘s price objective points to a potential upside of 8.02% from the stock’s current price.

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

Shares of Total System Services (NYSE:TSS) opened at $84.24 on Thursday. Total System Services has a fifty-two week low of $50.96 and a fifty-two week high of $89.92. The stock has a market cap of $16,080.00, a PE ratio of 25.00, a price-to-earnings-growth ratio of 1.50 and a beta of 1.13. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.09 and a quick ratio of 1.03.

Total System Services (NYSE:TSS) last announced its quarterly earnings results on Tuesday, January 23rd. The credit services provider reported $0.82 earnings per share (EPS) for the quarter, beating the 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 prior year, the firm earned $0.71 earnings per share. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. equities research analysts expect that Total System Services will post 3.96 EPS for the current fiscal year.

In related news, CFO Paul M. Todd sold 11,900 shares of Total System Services stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $87.81, for a total value of $1,044,939.00. Following the sale, the chief financial officer now directly owns 47,017 shares in the company, valued at approximately $4,128,562.77. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Dorenda K. Weaver sold 2,686 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $87.81, for a total transaction of $235,857.66. Following the transaction, the executive vice president now directly owns 49,367 shares in the company, valued at approximately $4,334,916.27. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,876 shares of company stock worth $8,892,847. 2.60% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in TSS. Acadian Asset Management LLC acquired a new position in shares of Total System Services in the 4th quarter worth approximately $109,000. Acrospire Investment Management LLC grew its stake 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 worth $117,000 after purchasing an additional 1,100 shares during the last quarter. TLP Group LLC acquired a new position in shares of Total System Services in the 2nd quarter worth approximately $122,000. Parkwood LLC acquired a new position in shares of Total System Services in the 3rd quarter worth approximately $200,000. Finally, Cahaba Wealth Management Inc. acquired a new position in shares of Total System Services in the 4th quarter worth approximately $208,000. 76.25% of the stock is currently 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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