Barclays PLC Boosts Total System Services, Inc. (TSS) Price Target to $78.00
Total System Services, Inc. (NYSE:TSS) had its target price boosted by research analysts at Barclays PLC from $72.00 to $78.00 in a report released on Wednesday. The firm currently has an “overweight” rating on the credit services provider’s stock. Barclays PLC’s price target suggests a potential upside of 15.25% from the company’s previous close.
Several other equities research analysts have also recently issued reports on TSS. Zacks Investment Research cut shares of Total System Services from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Northcoast Research started coverage on shares of Total System Services in a research report on Friday, June 30th. They issued a “neutral” rating for the company. BMO Capital Markets reissued an “outperform” rating and issued a $67.00 price objective (up from $64.00) on shares of Total System Services in a research report on Thursday, June 22nd. Cowen and Company reissued a “buy” rating and issued a $67.00 price objective on shares of Total System Services in a research report on Thursday, September 7th. Finally, KeyCorp reissued an “overweight” rating on shares of Total System Services in a research report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $66.33.
Shares of Total System Services (TSS) traded down 0.27% during trading on Wednesday, hitting $67.50. 700,149 shares of the stock traded hands. The stock has a market cap of $12.44 billion, a PE ratio of 32.93 and a beta of 1.12. Total System Services has a 12 month low of $46.22 and a 12 month high of $70.62. The firm’s 50-day moving average price is $67.34 and its 200-day moving average price is $60.93.
Total System Services (NYSE:TSS) last released its quarterly earnings results on Tuesday, July 25th. The credit services provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $844.07 million during the quarter, compared to analysts’ expectations of $842.57 million. During the same period in the previous year, the company earned $0.74 EPS. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. Analysts anticipate that Total System Services will post $3.28 EPS for the current year.
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In related news, Director Philip W. Tomlinson sold 220,974 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were 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 directly owns 326,200 shares in the company, valued at $20,762,630. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP G Sanders Griffith III sold 18,472 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $63.25, for a total transaction of $1,168,354.00. Following the sale, the executive vice president now owns 187,684 shares of the company’s stock, valued at $11,871,013. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 243,503 shares of company stock valued at $15,490,969. 2.60% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in TSS. Mizuho Asset Management Co. Ltd. boosted its stake in Total System Services by 40.0% during the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,039 shares of the credit services provider’s stock worth $108,000 after buying an additional 583 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Total System Services during the fourth quarter worth about $111,000. Bronfman E.L. Rothschild L.P. boosted its stake in Total System Services by 13.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,959 shares of the credit services provider’s stock worth $114,000 after buying an additional 228 shares during the period. Acrospire Investment Management LLC boosted its stake in Total System Services by 122.2% during the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the credit services provider’s stock worth $117,000 after buying an additional 1,100 shares during the period. Finally, TLP Group LLC purchased a new position in Total System Services during the second quarter worth about $122,000. 76.13% of the stock is owned by 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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