Total System Services, Inc. (NYSE:TSS) had its target price lifted by Deutsche Bank AG from $65.00 to $72.00 in a report released on Wednesday, October 25th. They currently have a hold rating on the credit services provider’s stock.
Other analysts also recently issued research reports about the stock. Stifel Nicolaus reissued a buy rating and set a $69.00 target price (up previously from $67.00) on shares of Total System Services in a research report on Wednesday, July 26th. BidaskClub upgraded shares of Total System Services from a hold rating to a buy rating in a research note on Sunday, July 16th. Zacks Investment Research upgraded shares of Total System Services from a hold rating to a buy rating and set a $67.00 price objective for the company in a research note on Friday, July 14th. Keefe, Bruyette & Woods restated a buy rating on shares of Total System Services in a research note on Thursday, July 27th. Finally, Cowen and Company restated a buy rating and set a $67.00 price objective on shares of Total System Services in a research note on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $69.36.
Shares of Total System Services (TSS) traded up $0.10 during trading on Wednesday, hitting $72.33. 1,126,500 shares of the stock were exchanged, compared to its average volume of 1,256,713. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.09 and a current ratio of 1.03. Total System Services has a 52-week low of $47.01 and a 52-week high of $73.84. The stock has a market cap of $13,297.58, a P/E ratio of 23.04, a P/E/G ratio of 1.77 and a beta of 1.11.
Total System Services (NYSE:TSS) last issued its quarterly earnings data on Tuesday, October 24th. The credit services provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. The firm had revenue of $852.80 million for the quarter, compared to the consensus estimate of $842.30 million. Total System Services had a net margin of 8.73% and a return on equity of 26.25%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 EPS. equities research analysts expect that Total System Services will post 3.2 earnings per share for the current fiscal year.
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In other news, CFO Paul M. Todd sold 4,057 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $63.50, for a total transaction of $257,619.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.60% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of TSS. Dimensional Fund Advisors LP raised its holdings in Total System Services by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 882,268 shares of the credit services provider’s stock valued at $47,165,000 after acquiring an additional 11,379 shares in the last quarter. KCG Holdings Inc. raised its holdings in Total System Services by 7.3% in the first quarter. KCG Holdings Inc. now owns 10,576 shares of the credit services provider’s stock valued at $565,000 after acquiring an additional 723 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Total System Services in the first quarter valued at approximately $863,000. Credit Suisse AG raised its holdings in Total System Services by 46.4% in the first quarter. Credit Suisse AG now owns 436,985 shares of the credit services provider’s stock valued at $23,360,000 after acquiring an additional 138,536 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in Total System Services by 12.6% in the first quarter. HighTower Advisors LLC now owns 9,395 shares of the credit services provider’s stock valued at $500,000 after purchasing an additional 1,052 shares during the last quarter. 76.41% of the stock is currently owned by hedge funds and other institutional investors.
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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