Total System Services (NYSE:TSS) was upgraded by Evercore ISI from an “in-line” rating to an “outperform” rating in a report issued on Wednesday, January 10th, Marketbeat reports.
TSS has been the subject of a number of other research reports. Wells Fargo & Co upped their target price on Total System Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 27th. Bank of America assumed coverage on Total System Services in a research report on Tuesday, September 12th. They issued an “underperform” rating and a $64.00 price objective for the company. Jefferies Group increased their price objective on Total System Services from $59.00 to $73.00 and gave the company a “hold” rating in a research report on Monday, October 30th. Mizuho reissued a “hold” rating and issued a $85.00 price objective on shares of Total System Services in a research report on Thursday, January 4th. Finally, BMO Capital Markets increased their price objective on Total System Services from $70.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $81.46.
Total System Services (NYSE:TSS) opened at $84.24 on Wednesday. The firm has a market capitalization of $16,080.00, a PE ratio of 25.00, a PEG ratio of 1.50 and a beta of 1.13. Total System Services has a twelve month low of $50.96 and a twelve month high of $89.92. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.12.
Total System Services (NYSE:TSS) last announced its quarterly 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. The business had revenue of $870.61 million during the quarter, compared to analysts’ expectations of $848.20 million. Total System Services had a return on equity of 26.21% and a net margin of 11.90%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 EPS. sell-side analysts forecast that Total System Services will post 3.96 earnings per share for the current fiscal year.
In related news, EVP Patricia A. Watson sold 23,608 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $74.01, for a total value 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard W. Ussery sold 7,546 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $88.29, for a total value of $666,236.34. The disclosure for this sale can be found here. Insiders have sold 104,876 shares of company stock worth $8,892,847 in the last 90 days. Company insiders own 2.60% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC bought a new position in Total System Services during the fourth quarter worth about $109,000. Acrospire Investment Management LLC boosted its holdings 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 buying an additional 1,100 shares during the last quarter. TLP Group LLC bought a new position in Total System Services during the second quarter worth about $122,000. Cahaba Wealth Management Inc. bought a new position in Total System Services during the fourth quarter worth about $208,000. Finally, Parkwood LLC bought a new position in Total System Services during the third quarter worth about $200,000. Hedge funds and other institutional investors own 76.25% of the company’s stock.
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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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