Total System Services, Inc. (TSS) Given Buy Rating at Cowen and Company
Total System Services, Inc. (NYSE:TSS)‘s stock had its “buy” rating reissued by analysts at Cowen and Company in a research report issued on Thursday. They currently have a $67.00 price objective on the credit services provider’s stock. Cowen and Company’s target price points to a potential downside of 3.57% from the stock’s previous close.
TSS has been the subject of several other reports. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Total System Services in a research report on Thursday, July 27th. Wedbush began coverage on shares of Total System Services in a research report on Thursday, August 3rd. They issued an “outperform” rating and a $72.00 target price for the company. BMO Capital Markets reiterated an “outperform” rating and issued a $67.00 target price (up from $64.00) on shares of Total System Services in a research report on Thursday, June 22nd. Stifel Nicolaus reiterated a “buy” rating and issued a $67.00 target price (up from $65.00) on shares of Total System Services in a research report on Thursday, July 13th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $63.00 target price (up from $58.00) on shares of Total System Services in a research report on Wednesday, July 26th. Seven analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $65.05.
Shares of Total System Services (NYSE TSS) traded down 0.80% on Thursday, hitting $69.48. The stock had a trading volume of 1,717,696 shares. The company has a market capitalization of $12.80 billion, a PE ratio of 33.71 and a beta of 1.13. The firm has a 50-day moving average of $65.20 and a 200 day moving average of $58.74. Total System Services has a 1-year low of $46.22 and a 1-year high of $70.21.
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 the consensus estimate of $0.80 by $0.05. Total System Services had a net margin of 8.78% and a return on equity of 25.49%. The company had revenue of $844.07 million during the quarter, compared to analyst estimates of $842.57 million. During the same period in the previous year, the business earned $0.74 earnings per share. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, equities analysts anticipate that Total System Services will post $3.28 earnings per share for the current fiscal year.
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In other Total System Services news, CFO Paul M. Todd sold 4,057 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $63.50, for a total value of $257,619.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Philip W. Tomlinson sold 220,974 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $63.65, for a total transaction of $14,064,995.10. Following the completion of the sale, the director now owns 326,200 shares in the company, valued at approximately $20,762,630. The disclosure for this sale can be found here. Over the last three months, insiders sold 291,503 shares of company stock valued at $18,332,089. 2.60% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Lord Abbett & CO. LLC grew its holdings in Total System Services by 480.0% in the second quarter. Lord Abbett & CO. LLC now owns 743,682 shares of the credit services provider’s stock worth $43,319,000 after purchasing an additional 615,470 shares during the period. Sentry Investment Management LLC grew its holdings in shares of Total System Services by 0.4% during the second quarter. Sentry Investment Management LLC now owns 11,216 shares of the credit services provider’s stock valued at $653,000 after buying an additional 44 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of Total System Services by 25.9% during the second quarter. Toronto Dominion Bank now owns 56,099 shares of the credit services provider’s stock valued at $3,267,000 after buying an additional 11,535 shares during the last quarter. Oak Associates Ltd. OH grew its holdings in shares of Total System Services by 36.2% during the second quarter. Oak Associates Ltd. OH now owns 162,110 shares of the credit services provider’s stock valued at $9,443,000 after buying an additional 43,100 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Total System Services during the second quarter valued at approximately $304,000. Institutional investors and hedge funds own 76.14% of the company’s stock.
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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