Q2 2018 EPS Estimates for Total System Services, Inc. (TSS) Lowered by Analyst
Total System Services, Inc. (NYSE:TSS) – Equities research analysts at Wedbush reduced their Q2 2018 earnings estimates for Total System Services in a research note issued on Tuesday. Wedbush analyst M. Katri now expects that the credit services provider will earn $0.90 per share for the quarter, down from their previous estimate of $0.91. Wedbush currently has a “Outperform” rating and a $72.00 price target on the stock. Wedbush also issued estimates for Total System Services’ Q4 2018 earnings at $0.84 EPS.
Total System Services (NYSE:TSS) last announced its earnings results on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.05. The business 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 20.88% and a net margin of 8.75%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 EPS.
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Several other equities research analysts have also recently issued reports on the company. Zacks Investment Research cut Total System Services from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Northcoast Research initiated coverage on Total System Services in a report on Friday, June 30th. They issued a “neutral” rating on the stock. BMO Capital Markets reaffirmed an “outperform” rating and issued a $67.00 target price (up from $64.00) on shares of Total System Services in a report on Thursday, June 22nd. Cowen and Company reaffirmed a “buy” rating and issued a $67.00 target price on shares of Total System Services in a report on Thursday, September 7th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Total System Services in a report on Thursday, August 31st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $66.43.
Shares of Total System Services (NYSE TSS) traded down 0.21% during trading on Thursday, reaching $67.02. The company’s stock had a trading volume of 212,268 shares. The company has a market cap of $12.35 billion, a PE ratio of 32.52 and a beta of 1.12. Total System Services has a 12-month low of $46.88 and a 12-month high of $70.62. The company has a 50 day moving average of $67.44 and a 200 day moving average of $61.50.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 29th were paid a dividend of $0.13 per share. This is a boost from Total System Services’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Wednesday, September 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.77%. Total System Services’s dividend payout ratio is currently 25.37%.
In other news, CFO Paul M. Todd sold 4,057 shares of the company’s stock in a transaction that occurred 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 legal filing with the SEC, which is accessible through this link. Also, Director Philip W. Tomlinson sold 220,974 shares of the company’s stock in a transaction that occurred 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 transaction, 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 ninety days, insiders have sold 243,503 shares of company stock worth $15,490,969. Insiders own 2.60% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in TSS. Ngam Advisors L.P. grew its stake in shares of Total System Services by 0.5% during the first quarter. Ngam Advisors L.P. now owns 19,643 shares of the credit services provider’s stock valued at $1,050,000 after buying an additional 102 shares during the last quarter. Global X Management Co. LLC grew its stake in shares of Total System Services by 42.7% during the first quarter. Global X Management Co. LLC now owns 4,331 shares of the credit services provider’s stock valued at $232,000 after buying an additional 1,296 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Total System Services by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 882,268 shares of the credit services provider’s stock valued at $47,165,000 after buying an additional 11,379 shares during the last quarter. KCG Holdings Inc. grew its stake in shares of Total System Services by 7.3% during the first quarter. KCG Holdings Inc. now owns 10,576 shares of the credit services provider’s stock valued at $565,000 after buying an additional 723 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Total System Services during the first quarter valued at approximately $863,000. 76.12% of the stock is currently owned by hedge funds and other 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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