Total System Services (NYSE:TSS) was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a research report issued on Wednesday, January 10th, Marketbeat Ratings reports.
A number of other equities analysts also recently commented on TSS. Zacks Investment Research downgraded shares of Total System Services from a “buy” rating to a “hold” rating and set a $88.00 price objective for the company. in a research report on Friday, January 5th. Royal Bank of Canada restated a “buy” rating and set a $90.00 price objective on shares of Total System Services in a research report on Thursday, January 4th. Mizuho restated a “hold” rating and set a $85.00 price objective on shares of Total System Services in a research report on Thursday, January 4th. Keefe, Bruyette & Woods restated a “buy” rating and set a $91.00 price objective on shares of Total System Services in a research report on Friday, December 22nd. Finally, Oppenheimer restated a “hold” rating on shares of Total System Services in a research report on Monday, December 18th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $75.19.
Total System Services (TSS) traded up $0.52 during mid-day trading on Wednesday, reaching $83.25. 659,244 shares of the company traded hands, compared to its average volume of 909,132. Total System Services has a 1 year low of $49.98 and a 1 year high of $83.43. The stock has a market cap of $15,305.18, a P/E ratio of 37.00, a price-to-earnings-growth ratio of 1.86 and a beta of 1.10. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.03 and a current ratio of 1.03.
Total System Services (NYSE:TSS) last released its quarterly earnings results on Tuesday, October 24th. The credit services provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.81 by $0.07. Total System Services had a net margin of 8.73% and a return on equity of 26.25%. The firm had revenue of $852.80 million during the quarter, compared to the consensus estimate of $842.30 million. During the same quarter in the prior year, the firm earned $0.71 EPS. Total System Services’s revenue for the quarter was up 8.0% on a year-over-year basis. research analysts anticipate that Total System Services will post 3.2 EPS for the current year.
In related news, EVP Patricia A. Watson sold 23,608 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $74.01, for a total value of $1,747,228.08. Following the sale, the executive vice president now directly owns 21,112 shares of the company’s stock, valued at approximately $1,562,499.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.60% of the stock is currently owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in TSS. Acadian Asset Management LLC acquired a new stake in shares of Total System Services during the 4th quarter worth about $109,000. Acrospire Investment Management LLC boosted its stake in shares of Total System Services by 122.2% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,000 shares of the credit services provider’s stock worth $117,000 after purchasing an additional 1,100 shares during the last quarter. TLP Group LLC acquired a new stake in shares of Total System Services during the 2nd quarter worth about $122,000. Parkwood LLC acquired a new stake in shares of Total System Services during the 3rd quarter worth about $200,000. Finally, Reliance Trust Co. acquired a new stake in shares of Total System Services during the 3rd quarter worth about $211,000. 75.95% of the stock is currently owned by institutional investors.
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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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