Total System Services, Inc. (NYSE:TSS)‘s stock had its “hold” rating reaffirmed by analysts at Jefferies Group LLC in a note issued to investors on Thursday. They currently have a $59.00 price objective on the credit services provider’s stock. Jefferies Group LLC’s price objective suggests a potential downside of 12.68% from the stock’s previous close.
Several other research analysts have also issued reports on TSS. Barclays PLC increased their price objective on Total System Services from $72.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday. Wedbush began coverage on Total System Services in a research note on Thursday, August 3rd. They set an “outperform” rating and a $72.00 price objective for the company. Royal Bank Of Canada began coverage on Total System Services in a research note on Monday, August 28th. They set an “outperform” rating and a $75.00 price objective for the company. Robert W. Baird reiterated a “buy” rating on shares of Total System Services in a research note on Tuesday, September 26th. Finally, BidaskClub upgraded Total System Services from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Total System Services currently has an average rating of “Buy” and an average target price of $66.00.
Shares of Total System Services (TSS) opened at 67.57 on Thursday. The firm’s 50-day moving average is $67.37 and its 200 day moving average is $60.97. The company has a market cap of $12.45 billion, a price-to-earnings ratio of 32.79 and a beta of 1.12. Total System Services has a 1-year low of $46.22 and a 1-year high of $70.62.
Total System Services (NYSE:TSS) last released its quarterly earnings data on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.05. Total System Services had a return on equity of 25.49% and a net margin of 8.78%. The firm had revenue of $844.07 million during the quarter, compared to analyst estimates of $842.57 million. During the same period in the prior year, the company posted $0.74 earnings per share. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. Equities analysts expect that Total System Services will post $3.28 EPS for the current fiscal year.
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In related news, CFO Paul M. Todd sold 4,057 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $63.50, for a total value of $257,619.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP G Sanders Griffith III sold 18,472 shares of the firm’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $63.25, for a total value of $1,168,354.00. Following the completion of the transaction, the executive vice president now owns 187,684 shares in the company, valued at approximately $11,871,013. The disclosure for this sale can be found here. In the last quarter, insiders sold 243,503 shares of company stock worth $15,490,969. 2.60% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. boosted its holdings in Total System Services by 13.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,959 shares of the credit services provider’s stock valued at $114,000 after acquiring an additional 228 shares during the last quarter. Acrospire Investment Management LLC boosted its holdings in Total System Services by 122.2% in the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the credit services provider’s stock valued at $117,000 after acquiring an additional 1,100 shares during the last quarter. TLP Group LLC bought a new position in Total System Services in the second quarter valued at about $122,000. Pacer Advisors Inc. boosted its holdings in Total System Services by 3.4% in the first quarter. Pacer Advisors Inc. now owns 3,597 shares of the credit services provider’s stock valued at $192,000 after acquiring an additional 119 shares during the last quarter. Finally, Doyle Wealth Management bought a new position in Total System Services in the second quarter valued at about $205,000. Institutional investors and hedge funds own 76.13% of the company’s stock.
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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