Total System Services, Inc. to Post FY2017 Earnings of $2.91 Per Share, Oppenheimer Holdings Forecasts (TSS)

Total System Services, Inc. to Post FY2017 Earnings of $2.91 Per Share, Oppenheimer Holdings Forecasts (TSS)

Total System Services, Inc. (NYSE:TSS) – Equities research analysts at Oppenheimer Holdings upped their FY2017 earnings estimates for shares of Total System Services in a report issued on Monday. Oppenheimer Holdings analyst G. Greene now forecasts that the brokerage will post earnings of $2.91 per share for the year, up from their previous estimate of $2.90. Oppenheimer Holdings also issued estimates for Total System Services’ Q4 2017 earnings at $0.70 EPS.

Other equities research analysts have also issued reports about the company. Zacks Investment Research upgraded Total System Services from a “sell” rating to a “hold” rating in a research report on Thursday. Goldman Sachs Group, Inc. (The) upgraded Total System Services from a “sell” rating to a “neutral” rating and set a $49.00 price objective for the company in a research note on Friday, December 16th. Pacific Crest started coverage on Total System Services in a research note on Thursday, December 15th. They set an “overweight” rating and a $58.00 price objective for the company. Stephens upgraded Total System Services from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 3rd. Finally, KeyCorp reiterated an “overweight” rating and set a $58.00 price objective on shares of Total System Services in a research note on Wednesday, December 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $55.12.

Total System Services (NYSE:TSS) opened at 51.25 on Thursday. The company has a market cap of $9.41 billion, a P/E ratio of 29.62 and a beta of 1.03. The firm has a 50-day moving average price of $51.32 and a 200-day moving average price of $49.95. Total System Services has a 52 week low of $37.47 and a 52 week high of $56.54.

Total System Services (NYSE:TSS) last released its quarterly earnings results on Tuesday, January 24th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.01. The business earned $1.13 billion during the quarter, compared to analyst estimates of $835.06 million. Total System Services had a return on equity of 24.32% and a net margin of 8.38%. Total System Services’s quarterly revenue was up 57.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 EPS.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Thursday, December 15th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.78%. The ex-dividend date was Tuesday, December 13th. Total System Services’s dividend payout ratio is presently 23.12%.

In other Total System Services news, insider William A. Pruett sold 57,905 shares of the business’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $49.34, for a total transaction of $2,857,032.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Philip W. Tomlinson sold 94,317 shares of the business’s stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $48.53, for a total value of $4,577,204.01. Following the sale, the director now directly owns 197,966 shares of the company’s stock, valued at approximately $9,607,289.98. The disclosure for this sale can be found here. Insiders have sold 166,003 shares of company stock valued at $8,137,481 in the last three months. 2.60% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Nordea Investment Management AB raised its position in Total System Services by 15.9% in the third quarter. Nordea Investment Management AB now owns 5,031,856 shares of the company’s stock worth $237,252,000 after buying an additional 688,748 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in Total System Services by 2.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,645,586 shares of the company’s stock worth $246,727,000 after buying an additional 111,578 shares during the period. Boston Partners raised its position in Total System Services by 5.8% in the third quarter. Boston Partners now owns 4,536,630 shares of the company’s stock worth $213,902,000 after buying an additional 247,084 shares during the period. BlackRock Fund Advisors raised its position in Total System Services by 1.9% in the third quarter. BlackRock Fund Advisors now owns 2,775,902 shares of the company’s stock worth $130,884,000 after buying an additional 50,469 shares during the period. Finally, Wells Fargo & Company MN raised its position in Total System Services by 206.1% in the third quarter. Wells Fargo & Company MN now owns 2,282,429 shares of the company’s stock worth $107,617,000 after buying an additional 1,536,670 shares during the period. 73.21% of the stock is owned by institutional investors and hedge funds.

About Total System Services

Total System Services, Inc (TSYS) is a payment solutions provider that provides services to financial and nonfinancial institutions. The Company’s segments include North America Services, Merchant Services, NetSpend and International Services. The Company also provides processing services, acquiring solutions, related systems and integrated support services to merchant acquirers and merchants.

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