Total System Services (NYSE:TSS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday, September 18th.
According to Zacks, “Total System Services’ shares of the company have outperformed the industry, in a a year's time. Its strong organic revenue growth reflects exceptional execution of strategic goals. The company’s acquisition strategy complements its organic growth. Its favorable 2018 guidance raises our optimism on the stock. The company has strengthened its capital position by reducing debt. A reduction in tax rate also favors the company's margins and growth Nevertheless, exposure to foreign exchange volatility and investment expenses are headwinds.”
Other equities research analysts have also issued reports about the stock. Oppenheimer upgraded shares of Total System Services from a “market perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a report on Thursday, September 6th. UBS Group upgraded shares of Total System Services from a “market perform” rating to an “outperform” rating in a report on Thursday, September 6th. Nomura increased their target price on shares of Total System Services from $96.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday, August 21st. Guggenheim reiterated a “buy” rating and set a $103.00 target price on shares of Total System Services in a report on Wednesday, July 25th. Finally, Wells Fargo & Co reiterated an “outperform” rating and set a $100.00 target price (up from $95.00) on shares of Total System Services in a report on Wednesday, July 25th. Ten analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $92.81.
Shares of Total System Services stock traded up $3.79 during mid-day trading on Tuesday, hitting $93.94. The stock had a trading volume of 1,725,383 shares, compared to its average volume of 1,275,981. Total System Services has a 12-month low of $66.63 and a 12-month high of $100.39. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.55 and a quick ratio of 2.55. The stock has a market cap of $18.01 billion, a price-to-earnings ratio of 29.17, a price-to-earnings-growth ratio of 1.61 and a beta of 1.17.
Total System Services (NYSE:TSS) last posted its quarterly earnings data on Tuesday, July 24th. The credit services provider reported $1.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.04. The firm had revenue of $956.55 million during the quarter, compared to analysts’ expectations of $936.79 million. Total System Services had a net margin of 14.39% and a return on equity of 29.26%. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the company posted $0.85 EPS. Equities analysts expect that Total System Services will post 4.19 earnings per share for the current fiscal year.
In other Total System Services news, EVP Patricia A. Watson sold 15,332 shares of the firm’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $93.30, for a total transaction of $1,430,475.60. Following the transaction, the executive vice president now directly owns 30,743 shares of the company’s stock, valued at approximately $2,868,321.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dorenda K. Weaver sold 5,009 shares of the firm’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $99.00, for a total transaction of $495,891.00. Following the transaction, the executive vice president now directly owns 44,358 shares in the company, valued at $4,391,442. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.
A number of institutional investors have recently modified their holdings of TSS. Victory Capital Management Inc. grew its position in Total System Services by 8.6% during the 1st quarter. Victory Capital Management Inc. now owns 40,443 shares of the credit services provider’s stock worth $3,489,000 after purchasing an additional 3,217 shares during the last quarter. Aperio Group LLC boosted its holdings in shares of Total System Services by 13.1% in the first quarter. Aperio Group LLC now owns 51,244 shares of the credit services provider’s stock valued at $4,420,000 after acquiring an additional 5,921 shares in the last quarter. Korea Investment CORP boosted its holdings in shares of Total System Services by 11.0% in the first quarter. Korea Investment CORP now owns 68,131 shares of the credit services provider’s stock valued at $5,877,000 after acquiring an additional 6,742 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Total System Services in the first quarter valued at about $269,000. Finally, Lincoln National Corp purchased a new stake in shares of Total System Services in the first quarter valued at about $467,000. 76.53% of the stock is currently owned by institutional investors.
About Total System Services
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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