Insider Selling: Gardiner Garrard Jr Sells 35,000 Shares of Total System Services Stock (TSS)
Total System Services (NYSE:TSS) Director Gardiner Garrard, Jr. sold 35,000 shares of the company’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $30.13, for a total transaction of $1,054,550.00. Following the transaction, the director now directly owns 88,790 shares of the company’s stock, valued at approximately $2,675,243. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
TSS has been the subject of a number of recent research reports. Analysts at Jefferies Group raised their price target on shares of Total System Services from $28.00 to $30.00 in a research note to investors on Monday. They now have a “hold” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Total System Services from $30.00 to $34.00 in a research note to investors on Thursday, October 24th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Total System Services in a research note to investors on Thursday, October 24th. They now have a $32.00 price target on the stock. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $31.53.
Shares of Total System Services (NYSE:TSS) traded up 0.07% during mid-day trading on Tuesday, hitting $30.04. The stock had a trading volume of 221,648 shares. Total System Services has a one year low of $21.10 and a one year high of $29.25. The stock’s 50-day moving average is $28.09 and its 200-day moving average is $25.16. The company has a market cap of $5.639 billion and a P/E ratio of 23.68.
Total System Services (NYSE:TSS) last released its earnings data on Tuesday, October 22nd. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.46 by $0.03. The company had revenue of $588.07 million for the quarter, compared to the consensus estimate of $587.13 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 25.6% on a year-over-year basis. On average, analysts predict that Total System Services will post $1.72 earnings per share for the current fiscal year.
Total System Services, Inc (NYSE:TSS), is a global payment solutions provider that provides services to financial and nonfinancial institutions.
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