Insider Selling: Total System Services Chairman Sells 234,118 Shares of Stock (TSS)
Total System Services (NYSE:TSS) Chairman Philip W. Tomlinson unloaded 234,118 shares of the stock on the open market in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $31.06, for a total transaction of $7,271,705.08. Following the completion of the transaction, the chairman now directly owns 465,275 shares in the company, valued at approximately $14,451,442. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on TSS. Analysts at Zacks reiterated an “outperform” rating on shares of Total System Services in a research note on Wednesday, July 23rd. They now have a $38.00 price target on the stock. Separately, analysts at Credit Suisse downgraded shares of Total System Services from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 23rd. Finally, analysts at Goldman Sachs reiterated a “neutral” rating on shares of Total System Services in a research note on Tuesday, July 8th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Total System Services currently has an average rating of “Buy” and an average target price of $34.57.
Total System Services (NYSE:TSS) traded up 1.03% during mid-day trading on Monday, hitting $31.35. 47,289 shares of the company’s stock traded hands. Total System Services has a 52-week low of $27.00 and a 52-week high of $33.44. The stock has a 50-day moving average of $31.79 and a 200-day moving average of $30.75. The company has a market cap of $5.821 billion and a P/E ratio of 20.41.
Total System Services (NYSE:TSS) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. The company had revenue of $602.00 million for the quarter, compared to the consensus estimate of $595.70 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 30.4% on a year-over-year basis. On average, analysts predict that Total System Services will post $1.91 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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