Shares of Total System Services, Inc. (NYSE:TSS) have been assigned a consensus rating of “Buy” from the thirty-one brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $82.21.
A number of brokerages have recently weighed in on TSS. Stephens restated a “buy” rating and issued a $88.00 target price on shares of Total System Services in a research note on Wednesday, January 10th. BMO Capital Markets set a $102.00 target price on Total System Services and gave the company a “buy” rating in a research note on Wednesday, January 24th. Mizuho restated a “hold” rating and issued a $85.00 target price on shares of Total System Services in a research note on Thursday, January 4th. Wedbush restated an “outperform” rating and issued a $100.00 target price (up from $85.00) on shares of Total System Services in a research note on Wednesday, January 24th. Finally, Zacks Investment Research upgraded Total System Services from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research note on Monday, January 22nd.
In related news, EVP Patricia A. Watson sold 2,274 shares of Total System Services stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $83.35, for a total value of $189,537.90. Following the completion of the sale, the executive vice president now directly owns 27,253 shares in the company, valued at $2,271,537.55. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Dorenda K. Weaver sold 24,160 shares of the firm’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $90.11, for a total value of $2,177,057.60. Following the transaction, the chief accounting officer now owns 54,969 shares in the company, valued at approximately $4,953,256.59. The disclosure for this sale can be found here. Over the last quarter, insiders sold 692,200 shares of company stock valued at $59,978,168. Corporate insiders own 2.60% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of TSS. Acadian Asset Management LLC bought a new position in shares of Total System Services during the 4th quarter valued at about $109,000. Tower Research Capital LLC TRC lifted its holdings in shares of Total System Services by 463.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,295 shares of the credit services provider’s stock valued at $181,000 after purchasing an additional 1,888 shares in the last quarter. Two Sigma Securities LLC bought a new position in shares of Total System Services during the 4th quarter valued at about $203,000. Cahaba Wealth Management Inc. bought a new position in shares of Total System Services during the 4th quarter valued at about $208,000. Finally, PHH Investments Ltd. bought a new position in shares of Total System Services during the 4th quarter valued at about $209,000. Hedge funds and other institutional investors own 76.51% of the company’s stock.
Total System Services (NYSE:TSS) traded up $0.21 during trading on Friday, reaching $89.97. The company’s stock had a trading volume of 1,615,107 shares, compared to its average volume of 1,061,275. Total System Services has a 1 year low of $50.96 and a 1 year high of $90.74. The firm has a market capitalization of $16,311.69, a price-to-earnings ratio of 28.47, a P/E/G ratio of 1.55 and a beta of 1.11. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.17.
Total System Services (NYSE:TSS) last announced its earnings results on Tuesday, January 23rd. The credit services provider reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.03. Total System Services had a return on equity of 26.50% and a net margin of 11.90%. The company had revenue of $870.61 million during the quarter, compared to analyst estimates of $848.20 million. During the same period last year, the company posted $0.71 earnings per share. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. sell-side analysts forecast that Total System Services will post 3.96 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 22nd will be given a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 0.58%. Total System Services’s payout ratio is 16.46%.
ILLEGAL ACTIVITY NOTICE: This report was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this report on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.dispatchtribunal.com/2018/03/17/total-system-services-inc-tss-receives-consensus-rating-of-buy-from-analysts.html.
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.
Receive News & Ratings for Total System Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Total System Services and related companies with MarketBeat.com's FREE daily email newsletter.