Total System Services, Inc. (NYSE:TSS) had its target price increased by Barclays PLC from $72.00 to $78.00 in a research report sent to investors on Wednesday. They currently have an overweight rating on the credit services provider’s stock.
A number of other research analysts have also commented on TSS. Wedbush began coverage on Total System Services in a research report on Thursday, August 3rd. They issued an outperform rating and a $72.00 price objective on the stock. Royal Bank Of Canada began coverage on Total System Services in a research report on Monday, August 28th. They issued an outperform rating and a $75.00 price objective on the stock. Robert W. Baird reiterated a buy rating on shares of Total System Services in a research report on Tuesday, September 26th. BidaskClub upgraded Total System Services from a buy rating to a strong-buy rating in a research report on Friday, August 18th. Finally, Keefe, Bruyette & Woods reissued a buy rating on shares of Total System Services in a research note on Thursday, July 27th. One equities research 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. The stock currently has a consensus rating of Buy and an average target price of $66.43.
Shares of Total System Services (NYSE TSS) opened at 67.68 on Wednesday. The company has a market cap of $12.47 billion, a P/E ratio of 32.84 and a beta of 1.12. The firm’s 50-day moving average price is $67.45 and its 200 day moving average price is $61.20. Total System Services has a 52 week low of $46.88 and a 52 week high of $70.62.
Total System Services (NYSE:TSS) last announced its quarterly earnings data on Tuesday, July 25th. The credit services provider reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.05. The firm had revenue of $844.07 million for the quarter, compared to analyst estimates of $842.57 million. Total System Services had a return on equity of 25.49% and a net margin of 8.78%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the company earned $0.74 EPS. On average, equities analysts predict that Total System Services will post $3.28 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 29th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Wednesday, September 20th. This is a boost from Total System Services’s previous quarterly dividend of $0.10. Total System Services’s dividend payout ratio is 25.37%.
In other 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 of the company’s stock, valued at approximately $11,871,013. The disclosure for this sale can be found here. Insiders sold a total of 243,503 shares of company stock valued at $15,490,969 in the last 90 days. 2.60% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Total System Services by 13.2% in the 2nd 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 in the last quarter. Acrospire Investment Management LLC grew its holdings in shares of Total System Services by 122.2% in the 2nd 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 in the last quarter. TLP Group LLC bought a new position in shares of Total System Services in the 2nd quarter valued at about $122,000. Texas Yale Capital Corp. bought a new position in shares of Total System Services in the 2nd quarter valued at about $205,000. Finally, Doyle Wealth Management bought a new position in shares of Total System Services in the 2nd quarter valued at about $205,000. Institutional investors 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.