Total System Services, Inc. (TSS) Upgraded to “Strong-Buy” by BidaskClub
Total System Services, Inc. (NYSE:TSS) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Friday.
A number of other brokerages also recently issued reports on TSS. Cowen and Company reissued an “outperform” rating and set a $67.00 price target on shares of Total System Services in a research report on Wednesday, July 26th. 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. Zacks Investment Research downgraded Total System Services from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Stifel Nicolaus set a $65.00 price target on Total System Services and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Finally, Pacific Crest reissued an “overweight” rating and set a $58.00 price target on shares of Total System Services in a research report on Monday, April 24th. Seven investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Total System Services has a consensus rating of “Buy” and a consensus price target of $64.05.
Shares of Total System Services (NYSE TSS) traded up 0.23% during mid-day trading on Friday, reaching $65.05. The company had a trading volume of 658,646 shares. The firm’s 50 day moving average is $61.94 and its 200-day moving average is $57.23. Total System Services has a 12-month low of $46.22 and a 12-month high of $65.62. The stock has a market capitalization of $11.98 billion, a P/E ratio of 31.56 and a beta of 1.14.
Total System Services (NYSE:TSS) last issued its quarterly earnings results on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.05. The business had revenue of $844.07 million for the quarter, compared to the consensus estimate of $842.57 million. Total System Services had a return on equity of 25.49% and a net margin of 8.78%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.74 earnings per share. On average, analysts expect that Total System Services will post $3.28 earnings per share for the current fiscal year.
In related news, CFO Paul M. Todd sold 4,057 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $63.50, for a total transaction of $257,619.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Philip W. Tomlinson sold 220,974 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $63.65, for a total value of $14,064,995.10. Following the sale, the director now directly owns 326,200 shares in the company, valued at approximately $20,762,630. The disclosure for this sale can be found here. In the last three months, insiders have sold 291,503 shares of company stock worth $18,332,089. 2.60% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Shell Asset Management Co. increased its stake in Total System Services by 11.3% in the first quarter. Shell Asset Management Co. now owns 113,169 shares of the credit services provider’s stock valued at $6,050,000 after buying an additional 11,459 shares during the period. Glen Harbor Capital Management LLC raised its position in shares of Total System Services by 23.1% in the first quarter. Glen Harbor Capital Management LLC now owns 29,344 shares of the credit services provider’s stock valued at $1,569,000 after buying an additional 5,516 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Total System Services by 2.2% in the first quarter. ProShare Advisors LLC now owns 45,007 shares of the credit services provider’s stock valued at $2,406,000 after buying an additional 956 shares in the last quarter. Korea Investment CORP bought a new position in shares of Total System Services during the first quarter valued at about $1,155,000. Finally, Mn Services Vermogensbeheer B.V. raised its position in shares of Total System Services by 4.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,412 shares of the credit services provider’s stock valued at $221,000 after buying an additional 176 shares in the last quarter. 75.66% of the stock is currently owned by institutional investors.
About Total System Services
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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