Total System Services (NYSE:TSS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.
According to Zacks, “Shares of Total System have outperformed its industry in a year’s time. Its strong organic revenue growth reflects its exceptional execution of strategic goals. The company’s acquisition strategy complements its organic growth. Its favorable 2018 guidance raises our optimism on the stock. The company has strengthened its capital position by reducing debt. The stock has seen the Zacks Consensus Estimate for current-year earnings being revised 1.2% upward over the last 60 days. Nevertheless, exposure to foreign exchange volatility, investment expenses, adoption of new accounting standard might weigh on the margins in the coming quarters.”
Other equities research analysts also recently issued research reports about the stock. ValuEngine raised shares of Total System Services from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. KeyCorp lifted their target price on shares of Total System Services from $92.00 to $96.00 and gave the stock an “overweight” rating in a research report on Monday, April 23rd. Robert W. Baird reaffirmed a “buy” rating and issued a $96.00 target price on shares of Total System Services in a research report on Friday, April 20th. Morgan Stanley lifted their target price on shares of Total System Services from $89.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 25th. Finally, Raymond James started coverage on shares of Total System Services in a research report on Friday, June 15th. They issued a “market perform” rating and a $35.00 target price for the company. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $86.48.
NYSE:TSS opened at $84.52 on Thursday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.39. Total System Services has a 12 month low of $57.53 and a 12 month high of $90.74. The company has a market capitalization of $15.05 billion, a price-to-earnings ratio of 26.25, a P/E/G ratio of 1.36 and a beta of 1.14.
Total System Services (NYSE:TSS) last posted its earnings results on Tuesday, April 24th. The credit services provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.13. Total System Services had a net margin of 13.15% and a return on equity of 28.22%. The business had revenue of $987.20 million during the quarter, compared to the consensus estimate of $910.10 million. During the same quarter in the previous year, the firm posted $0.82 EPS. The firm’s revenue was down 16.6% on a year-over-year basis. sell-side analysts forecast that Total System Services will post 4.16 earnings per share for the current year.
In related news, EVP Patricia A. Watson sold 15,332 shares of Total System Services stock in a transaction on Friday, May 4th. The shares were sold at an average price of $85.36, for a total transaction of $1,308,739.52. Following the transaction, the executive vice president now owns 30,213 shares in the company, valued at approximately $2,578,981.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.40% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC lifted its stake 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 buying an additional 1,888 shares in the last quarter. Parametrica Management Ltd purchased a new position in shares of Total System Services during the 1st quarter valued at $217,000. Two Sigma Securities LLC purchased a new position in shares of Total System Services during the 4th quarter valued at $203,000. PHH Investments Ltd. purchased a new position in shares of Total System Services during the 4th quarter valued at $209,000. Finally, AIMZ Investment Advisors LLC purchased a new position in shares of Total System Services during the 4th quarter valued at $217,000. Institutional investors own 76.18% of the company’s stock.
About Total System Services
Total System Services, Inc provides payment processing, merchant, and related payment services to financial and nonfinancial institutions worldwide. The company operates through three segments: Merchant Solutions, Issuer Solutions, and Netspend. It offers general purpose reloadable prepaid and payroll cards, demand deposit accounts, and other financial service solutions to the underbanked and other consumers and businesses.
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