Morgan Stanley Boosts Total System Services, Inc. (TSS) Price Target to $69.00
Total System Services, Inc. (NYSE:TSS) had its target price increased by investment analysts at Morgan Stanley from $63.00 to $69.00 in a research note issued on Monday. The brokerage presently has an “equal weight” rating on the credit services provider’s stock. Morgan Stanley’s price objective indicates a potential upside of 1.65% from the company’s previous close.
Several other equities research analysts have also recently weighed in on the stock. Robert W. Baird reaffirmed a “buy” rating and issued a $76.00 price target on shares of Total System Services in a research report on Thursday, October 12th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $59.00 price target on shares of Total System Services in a research report on Thursday, October 12th. Barclays PLC upped their price target on shares of Total System Services from $72.00 to $78.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 11th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $75.00 price target on shares of Total System Services in a research report on Friday, September 29th. Finally, Wells Fargo & Company upped their price target on shares of Total System Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $66.70.
Shares of Total System Services (NYSE:TSS) traded up 0.258% during trading on Monday, hitting $68.055. The stock had a trading volume of 76,498 shares. The firm’s 50 day moving average is $67.38 and its 200 day moving average is $61.65. The company has a market cap of $12.54 billion, a PE ratio of 33.020 and a beta of 1.12. Total System Services has a 1-year low of $46.92 and a 1-year high of $70.62.
Total System Services (NYSE:TSS) last announced its quarterly earnings results on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share 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 firm had revenue of $844.07 million during the quarter, compared to analysts’ expectations of $842.57 million. During the same quarter in the prior year, the company earned $0.74 EPS. The company’s revenue was up 6.2% compared to the same quarter last year. Equities research analysts anticipate that Total System Services will post $3.28 EPS for the current fiscal year.
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In other news, CFO Paul M. Todd sold 4,057 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $63.50, for a total value of $257,619.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Philip W. Tomlinson sold 220,974 shares of the stock in a transaction on 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. In the last ninety days, insiders sold 243,503 shares of company stock valued at $15,490,969. Corporate insiders own 2.60% of the company’s stock.
Several large investors have recently added to or reduced their stakes in TSS. Mizuho Asset Management Co. Ltd. increased its stake in shares of Total System Services by 40.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,039 shares of the credit services provider’s stock worth $108,000 after acquiring an additional 583 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Total System Services in the fourth quarter worth $111,000. Bronfman E.L. Rothschild L.P. increased its stake in shares of Total System Services by 13.2% in 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 acquiring an additional 228 shares during the period. Acrospire Investment Management LLC increased its stake in shares of Total System Services by 122.2% in the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the credit services provider’s stock worth $117,000 after acquiring an additional 1,100 shares during the period. Finally, TLP Group LLC acquired a new stake in shares of Total System Services in the second quarter worth $122,000. Hedge funds and other institutional investors own 76.12% 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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