Total System Services, Inc. (NYSE:TSS) Given New $72.00 Price Target at Deutsche Bank AG

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.

WARNING: “Total System Services, Inc. (NYSE:TSS) Given New $72.00 Price Target at Deutsche Bank AG” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this article on another website, it was illegally stolen and reposted in violation of US & international copyright law. The legal version of this article can be viewed at https://ledgergazette.com/2017/11/13/deutsche-bank-ag-raises-total-system-services-inc-tss-price-target-to-72-00.html.

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.

Analyst Recommendations for Total System Services (NYSE:TSS)

Receive News & Ratings for Total System Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Total System Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply