KeyCorp Analysts Lift Earnings Estimates for Total System Services, Inc. (NYSE:TSS)
Total System Services, Inc. (NYSE:TSS) – Stock analysts at KeyCorp lifted their FY2018 earnings estimates for Total System Services in a research report issued on Monday. KeyCorp analyst J. Beck now forecasts that the credit services provider will post earnings of $3.40 per share for the year, up from their prior estimate of $3.38.
Total System Services (NYSE:TSS) last posted its earnings results on Tuesday, April 25th. The credit services provider reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.02. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. Total System Services had a net margin of 7.86% and a return on equity of 25.16%. The company’s revenue for the quarter was up 62.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.66 earnings per share. TRADEMARK VIOLATION WARNING: “KeyCorp Analysts Lift Earnings Estimates for Total System Services, Inc. (NYSE:TSS)” was originally posted by American Banking News and is owned by of American Banking News. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/07/19/keycorp-analysts-lift-earnings-estimates-for-total-system-services-inc-nysetss.html.
TSS has been the subject of several other reports. BidaskClub raised shares of Total System Services from a “hold” rating to a “buy” rating in a research note on Sunday. Zacks Investment Research cut shares of Total System Services from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Stifel Nicolaus reissued a “buy” rating and issued a $67.00 target price (up from $65.00) on shares of Total System Services in a research note on Thursday, July 13th. Mizuho initiated coverage on shares of Total System Services in a research note on Tuesday, June 27th. They issued a “neutral” rating and a $63.00 target price for the company. Finally, Barclays PLC raised their target price on shares of Total System Services from $65.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, May 25th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $61.89.
Total System Services (TSS) traded up 0.39% during mid-day trading on Wednesday, reaching $61.77. 447,692 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $59.21 and a 200-day moving average price of $55.63. The stock has a market cap of $11.37 billion, a P/E ratio of 34.07 and a beta of 1.12. Total System Services has a 1-year low of $46.22 and a 1-year high of $61.90.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Thursday, June 22nd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, June 20th. This represents a $0.40 dividend on an annualized basis and a yield of 0.65%. Total System Services’s dividend payout ratio (DPR) is 22.10%.
In other Total System Services news, Chairman M Troy Woods sold 6,500 shares of Total System Services stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $57.30, for a total transaction of $372,450.00. Following the completion of the transaction, the chairman now directly owns 285,966 shares of the company’s stock, valued at $16,385,851.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard W. Ussery sold 48,000 shares of Total System Services stock in a transaction on Monday, June 12th. The stock was sold at an average price of $59.19, for a total transaction of $2,841,120.00. Following the transaction, the director now directly owns 219,968 shares of the company’s stock, valued at $13,019,905.92. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in TSS. Advisory Services Network LLC purchased a new stake in Total System Services during the first quarter valued at $169,000. Pacer Advisors Inc. raised its stake in Total System Services by 3.4% in the first quarter. Pacer Advisors Inc. now owns 3,597 shares of the credit services provider’s stock valued at $192,000 after buying an additional 119 shares during the last quarter. Federated Investors Inc. PA raised its stake in Total System Services by 11.0% in the fourth quarter. Federated Investors Inc. PA now owns 3,935 shares of the credit services provider’s stock valued at $193,000 after buying an additional 391 shares during the last quarter. Oakworth Capital Inc. raised its stake in Total System Services by 4,788.2% in the first quarter. Oakworth Capital Inc. now owns 3,715 shares of the credit services provider’s stock valued at $199,000 after buying an additional 3,639 shares during the last quarter. Finally, OLD National Bancorp IN purchased a new stake in Total System Services during the first quarter valued at $206,000. 75.17% of the stock is owned by hedge funds and other institutional investors.
Total System Services Company Profile
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.
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