TSYS (NYSE:TSS) – Equities researchers at Northcoast Research raised their Q2 2018 EPS estimates for shares of TSYS in a research note issued to investors on Wednesday, April 25th, Zacks Investment Research reports. Northcoast Research analyst K. Mehta now forecasts that the credit services provider will earn $1.03 per share for the quarter, up from their prior forecast of $0.99. Northcoast Research also issued estimates for TSYS’s Q3 2018 earnings at $1.05 EPS, Q4 2018 earnings at $1.02 EPS and FY2018 earnings at $4.19 EPS.
Other analysts have also recently issued research reports about the company. Zacks Investment Research raised TSYS from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research report on Monday, January 22nd. Nomura lifted their price target on TSYS from $87.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Wells Fargo set a $95.00 price target on TSYS and gave the stock a “buy” rating in a research report on Wednesday, January 24th. BMO Capital Markets set a $102.00 price target on TSYS and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Finally, KeyCorp reaffirmed a “buy” rating and set a $92.00 price target (up previously from $85.00) on shares of TSYS in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. TSYS presently has a consensus rating of “Buy” and a consensus price target of $88.05.
TSYS traded down $0.37, hitting $85.92, on Monday, MarketBeat reports. 1,022,942 shares of the company’s stock were exchanged, compared to its average volume of 1,293,028. TSYS has a 12-month low of $85.96 and a 12-month high of $86.81. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market cap of $15.80 billion, a price-to-earnings ratio of 26.68, a price-to-earnings-growth ratio of 1.43 and a beta of 1.13.
TSYS (NYSE:TSS) last announced its earnings results on Tuesday, April 24th. The credit services provider reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.13. TSYS had a return on equity of 28.22% and a net margin of 13.15%. The firm had revenue of $987.20 million for the quarter, compared to the consensus estimate of $910.10 million. During the same period in the previous year, the business earned $0.82 EPS. The firm’s revenue for the quarter was down 16.6% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in TSYS by 2.8% in the 1st quarter. BlackRock Inc. now owns 11,908,795 shares of the credit services provider’s stock worth $1,027,253,000 after purchasing an additional 329,921 shares during the period. Wells Fargo & Company MN raised its holdings in TSYS by 6.8% in the 1st quarter. Wells Fargo & Company MN now owns 2,971,323 shares of the credit services provider’s stock worth $256,306,000 after purchasing an additional 190,117 shares during the period. Northern Trust Corp raised its holdings in TSYS by 0.5% in the 1st quarter. Northern Trust Corp now owns 2,414,562 shares of the credit services provider’s stock worth $208,280,000 after purchasing an additional 12,813 shares during the period. Geode Capital Management LLC increased its stake in TSYS by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 1,994,589 shares of the credit services provider’s stock worth $157,462,000 after buying an additional 7,488 shares in the last quarter. Finally, Guggenheim Capital LLC increased its stake in TSYS by 19.9% during the 4th quarter. Guggenheim Capital LLC now owns 1,210,999 shares of the credit services provider’s stock worth $95,778,000 after buying an additional 200,897 shares in the last quarter. 77.35% of the stock is owned by institutional investors.
In related news, EVP G Sanders Griffith III sold 66,856 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $84.78, for a total value of $5,668,051.68. Following the completion of the transaction, the executive vice president now owns 221,907 shares of the company’s stock, valued at approximately $18,813,275.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Patricia A. Watson sold 15,332 shares of the company’s stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $85.36, for a total value of $1,308,739.52. Following the completion of the transaction, the executive vice president now directly owns 30,213 shares of the company’s stock, valued at approximately $2,578,981.68. The disclosure for this sale can be found here. Insiders sold a total of 410,934 shares of company stock valued at $36,093,397 in the last ninety days. 2.40% of the stock is currently owned by insiders.
TSYS Company Profile
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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