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%.
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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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