Total System Services, Inc. (NYSE:TSS) had its price objective boosted by equities researchers at BMO Capital Markets from $62.90 to $70.00 in a note issued to investors on Wednesday. The firm currently has an “outperform” rating on the credit services provider’s stock. BMO Capital Markets’ price target would indicate a potential upside of 9.34% from the company’s previous close.

A number of other brokerages have also issued reports on TSS. Cowen and Company reaffirmed an “outperform” rating and set a $67.00 target price on shares of Total System Services in a research report on Wednesday. Zacks Investment Research raised Total System Services from a “sell” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Wednesday, April 12th. Goldman Sachs Group, Inc. (The) raised Total System Services from a “neutral” rating to a “buy” rating in a research report on Monday, May 15th. Atlantic Securities reaffirmed a “neutral” rating and set a $59.00 target price on shares of Total System Services in a research report on Wednesday, April 12th. Finally, Stifel Nicolaus set a $65.00 price target on Total System Services and gave the company a “buy” rating in a research report on Wednesday, April 26th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Total System Services currently has a consensus rating of “Buy” and an average target price of $63.00.

Total System Services (NYSE:TSS) traded up 1.78% during mid-day trading on Wednesday, reaching $64.02. The company had a trading volume of 2,214,116 shares. The stock’s 50-day moving average is $59.48 and its 200 day moving average is $55.89. Total System Services has a 12 month low of $46.22 and a 12 month high of $64.94. The firm has a market capitalization of $11.78 billion, a P/E ratio of 35.31 and a beta of 1.12.

Total System Services (NYSE:TSS) last announced its earnings results on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.05. The company 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 25.16% and a net margin of 7.86%. Total System Services’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.74 earnings per share. On average, analysts predict that Total System Services will post $3.24 earnings per share for the current fiscal year.

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In other Total System Services news, Chairman M Troy Woods sold 6,500 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $57.30, for a total value of $372,450.00. Following the transaction, the chairman now directly owns 285,966 shares of the company’s stock, valued at approximately $16,385,851.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard W. Ussery sold 48,000 shares of the company’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $59.19, for a total value of $2,841,120.00. Following the completion of the transaction, the director now directly owns 219,968 shares in the company, valued at $13,019,905.92. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado increased its stake in Total System Services by 1.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 34,321 shares of the credit services provider’s stock valued at $1,999,000 after buying an additional 440 shares during the period. FineMark National Bank & Trust bought a new stake in Total System Services during the second quarter valued at about $278,000. ING Groep NV increased its stake in Total System Services by 0.6% in the second quarter. ING Groep NV now owns 12,905 shares of the credit services provider’s stock valued at $752,000 after buying an additional 72 shares during the period. Contravisory Investment Management Inc. increased its stake in Total System Services by 182.1% in the second quarter. Contravisory Investment Management Inc. now owns 4,623 shares of the credit services provider’s stock valued at $269,000 after buying an additional 2,984 shares during the period. Finally, Regentatlantic Capital LLC increased its stake in Total System Services by 0.4% in the second quarter. Regentatlantic Capital LLC now owns 4,756 shares of the credit services provider’s stock valued at $277,000 after buying an additional 19 shares during the period. Institutional investors own 75.22% of the company’s stock.

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.

Analyst Recommendations for Total System Services (NYSE:TSS)

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