Total System Services, Inc. (TSS) Receives Average Recommendation of “Buy” from Analysts
Total System Services, Inc. (NYSE:TSS) has been assigned an average recommendation of “Buy” from the twenty-eight brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $69.95.
TSS has been the topic of several recent research reports. Stephens upped their price objective on Total System Services from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 25th. Zacks Investment Research lowered Total System Services from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Barclays upped their price objective on Total System Services from $72.00 to $78.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 11th. Morgan Stanley restated a “hold” rating on shares of Total System Services in a research report on Thursday, November 16th. Finally, Robert W. Baird upped their price objective on Total System Services from $76.00 to $78.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th.
In other news, EVP Patricia A. Watson sold 23,608 shares of Total System Services stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $74.01, for a total value of $1,747,228.08. Following the completion of the transaction, the executive vice president now owns 21,112 shares in the company, valued at approximately $1,562,499.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.60% of the company’s stock.
Shares of Total System Services (NYSE TSS) traded up $0.79 during midday trading on Thursday, reaching $74.81. The company had a trading volume of 1,477,400 shares, compared to its average volume of 1,262,331. The stock has a market capitalization of $13,608.30, a price-to-earnings ratio of 23.57, a P/E/G ratio of 1.82 and a beta of 1.10. Total System Services has a 52-week low of $47.84 and a 52-week high of $75.20. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.02.
Total System Services (NYSE:TSS) last issued its earnings results on Tuesday, October 24th. The credit services provider reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.07. Total System Services had a return on equity of 26.25% and a net margin of 8.73%. The firm had revenue of $852.80 million for the quarter, compared to analyst estimates of $842.30 million. During the same quarter in the prior year, the firm earned $0.71 earnings per share. Total System Services’s revenue for the quarter was up 8.0% on a year-over-year basis. sell-side analysts anticipate that Total System Services will post 3.2 earnings per share for the current year.
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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