Total System Services’ (TSS) “Buy” Rating Reiterated at Robert W. Baird
Total System Services, Inc. (NYSE:TSS)‘s stock had its “buy” rating reissued by Robert W. Baird in a research note issued on Thursday. They presently have a $76.00 target price on the credit services provider’s stock. Robert W. Baird’s price target indicates a potential upside of 12.48% from the stock’s current price.
TSS has been the subject of a number of other reports. Zacks Investment Research cut Total System Services from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Northcoast Research started coverage on Total System Services in a research note on Friday, June 30th. They issued a “neutral” rating for the company. Wells Fargo & Company upped their price target on Total System Services from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, September 27th. Wedbush reaffirmed an “outperform” rating and issued a $72.00 price target on shares of Total System Services in a research note on Wednesday, August 9th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $67.00 price target (up from $64.00) on shares of Total System Services in a research note on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Total System Services presently has a consensus rating of “Buy” and a consensus price target of $66.43.
Shares of Total System Services (TSS) traded up 0.28% during trading on Thursday, hitting $67.76. 691,436 shares of the stock traded hands. The company has a 50 day moving average of $67.37 and a 200-day moving average of $60.97. Total System Services has a 1-year low of $46.22 and a 1-year high of $70.62. The company has a market cap of $12.48 billion, a PE ratio of 32.88 and a beta of 1.12.
Total System Services (NYSE:TSS) last released its earnings results on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.05. The company had revenue of $844.07 million for the quarter, compared to the consensus estimate of $842.57 million. Total System Services had a net margin of 8.78% and a return on equity of 25.49%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.74 EPS. On average, equities analysts anticipate that Total System Services will post $3.28 EPS for the current fiscal year.
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In other Total System Services news, EVP G Sanders Griffith III sold 18,472 shares of the firm’s stock in a transaction on 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 completion of the sale, the executive vice president now owns 187,684 shares of the company’s stock, valued at approximately $11,871,013. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 of the company’s stock, valued at approximately $20,762,630. The disclosure for this sale can be found here. Insiders have sold a total of 243,503 shares of company stock valued at $15,490,969 in the last ninety days. Insiders own 2.60% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Bronfman E.L. Rothschild L.P. lifted its holdings in Total System Services by 13.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,959 shares of the credit services provider’s stock valued at $114,000 after purchasing an additional 228 shares during the last quarter. Acrospire Investment Management LLC lifted its holdings in Total System Services by 122.2% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,000 shares of the credit services provider’s stock valued at $117,000 after purchasing an additional 1,100 shares during the last quarter. TLP Group LLC acquired a new stake in Total System Services during the 2nd quarter valued at $122,000. Pacer Advisors Inc. lifted its holdings in Total System Services by 3.4% during the 1st quarter. Pacer Advisors Inc. now owns 3,597 shares of the credit services provider’s stock valued at $192,000 after purchasing an additional 119 shares during the last quarter. Finally, Doyle Wealth Management acquired a new stake in Total System Services during the 2nd quarter valued at $205,000. 76.13% of the stock is owned by institutional investors and hedge funds.
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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