Total System Services Inc. Hits New 52-Week High at $28.86 (TSS)
Shares of Total System Services (NYSE:TSS) hit a new 52-week high during mid-day trading on Tuesday, AR Network reports. The stock traded as high as $28.86 and last traded at $28.77, with a volume of 586,464 shares trading hands. The stock had previously closed at $28.48.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Total System Services (NYSE:TSS) from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, September 4th. They now have a $33.00 price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Total System Services (NYSE:TSS) in a research note to investors on Tuesday, August 27th. They now have a $28.00 price target on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of Total System Services (NYSE:TSS) from $31.00 to $33.00 in a research note to investors on Tuesday, August 27th. They now have a “buy” rating on the stock.
Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. Total System Services currently has a consensus rating of “Hold” and an average price target of $28.85.
In other Total System Services news, Director James Blanchard sold 123,000 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $27.76, for a total transaction of $3,414,480.00. Following the completion of the transaction, the director now directly owns 123,015 shares of the company’s stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Total System Services has a one year low of $21.10 and a one year high of $28.62. The stock has a 50-day moving average of $27.87 and a 200-day moving average of $25.03. The company has a market cap of $5.467 billion and a price-to-earnings ratio of 22.78.
Total System Services (NYSE:TSS) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The company had revenue of $478.44 million for the quarter, compared to the consensus estimate of $483.16 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, analysts predict that Total System Services will post $1.71 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 1st. Stockholders of record on Thursday, September 19th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Tuesday, September 17th.
Total System Services, Inc (NYSE:TSS), is a global payment solutions provider that provides services to financial and nonfinancial institutions.
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