Shares of Total System Services, Inc. (NYSE:TSS) have been assigned an average rating of “Buy” from the twenty-nine analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation, fifteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $73.83.
TSS has been the topic of several recent research reports. Robert W. Baird reissued a “buy” rating on shares of Total System Services in a research report on Tuesday, September 26th. Royal Bank of Canada reissued a “buy” rating and set a $75.00 price target on shares of Total System Services in a research report on Friday, September 29th. Zacks Investment Research raised Total System Services from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research report on Tuesday, September 19th. Nomura boosted their price target on Total System Services from $71.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, Citigroup boosted their price target on Total System Services from $71.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th.
In other Total System Services news, EVP Patricia A. Watson sold 23,608 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $74.01, for a total value of $1,747,228.08. Following the transaction, 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 accessible through the SEC website. Corporate insiders own 2.60% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Total System Services by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 16,532,149 shares of the credit services provider’s stock valued at $962,997,000 after acquiring an additional 525,686 shares during the last quarter. Synovus Financial Corp increased its holdings in shares of Total System Services by 1.0% in the 2nd quarter. Synovus Financial Corp now owns 13,709,409 shares of the credit services provider’s stock valued at $798,579,000 after acquiring an additional 134,998 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Total System Services by 422.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,395,728 shares of the credit services provider’s stock valued at $256,053,000 after acquiring an additional 3,553,887 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Total System Services by 21.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 3,610,449 shares of the credit services provider’s stock valued at $210,308,000 after acquiring an additional 649,271 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Total System Services by 26.5% in the 2nd quarter. Wells Fargo & Company MN now owns 3,222,462 shares of the credit services provider’s stock valued at $187,708,000 after acquiring an additional 675,452 shares during the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.
Total System Services (NYSE:TSS) traded up $0.52 during midday trading on Monday, hitting $79.94. The stock had a trading volume of 1,466,254 shares, compared to its average volume of 1,068,276. The firm has a market cap of $14,601.07, a price-to-earnings ratio of 35.53, a P/E/G ratio of 1.77 and a beta of 1.10. Total System Services has a fifty-two week low of $49.98 and a fifty-two week high of $80.51. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.02.
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, topping the consensus estimate of $0.81 by $0.07. The firm had revenue of $852.80 million for the quarter, compared to analyst estimates of $842.30 million. Total System Services had a return on equity of 26.25% and a net margin of 8.73%. Total System Services’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 EPS. equities analysts expect that Total System Services will post 3.2 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Thursday, December 21st were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date was Wednesday, December 20th. Total System Services’s payout ratio is 23.11%.
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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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