Total System Services (NYSE:TSS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “Shares of Total System have outperformed its industry year to date. The company is set to benefit from its robust NetSpend business, while the TransFirst acquisition will support its merchant acquiring business. Numerous acquisitions made by the company have contributed to overall growth.  Following a strong performance in the first nine months of the year, the company raised its 2017 earnings guidance, which instills investors' confidence. Total System has strengthened its capital position by reducing debt to its targeted range. Resumption of share buyback is another positive. The stock has seen the Zacks Consensus Estimate for current-year earnings being revised 1.8% upward over the last 60 days. Nevertheless, exposure to foreign exchange volatility and investment expenses might weigh on the margins in the coming quarters.”

A number of other equities research analysts have also weighed in on the company. BMO Capital Markets boosted their target price on Total System Services from $70.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Cowen reissued a “buy” rating and issued a $67.00 target price on shares of Total System Services in a research note on Thursday, September 7th. Robert W. Baird boosted their target price on Total System Services from $76.00 to $78.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. KeyCorp reissued an “overweight” rating on shares of Total System Services in a research note on Thursday, August 31st. Finally, Morgan Stanley boosted their target price on Total System Services from $63.00 to $69.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $69.36.

Shares of Total System Services (TSS) opened at $76.50 on Thursday. Total System Services has a 52 week low of $48.65 and a 52 week high of $77.56. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $14,156.16, a PE ratio of 24.52, a price-to-earnings-growth ratio of 1.89 and a beta of 1.10.

Total System Services (NYSE:TSS) last released its earnings results on Tuesday, October 24th. The credit services provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $852.80 million during the quarter, compared to analyst estimates of $842.30 million. During the same quarter in the previous year, the company posted $0.71 EPS. Total System Services’s revenue for the quarter was up 8.0% on a year-over-year basis. sell-side analysts forecast that Total System Services will post 3.2 EPS for the current year.

In other Total System Services news, EVP Patricia A. Watson sold 23,608 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $74.01, for a total transaction of $1,747,228.08. Following the transaction, the executive vice president now owns 21,112 shares in the company, valued at approximately $1,562,499.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.60% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the business. Bronfman E.L. Rothschild L.P. grew its holdings in shares of 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 worth $114,000 after acquiring an additional 228 shares during the period. Acrospire Investment Management LLC grew its holdings in shares of 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 worth $117,000 after acquiring an additional 1,100 shares during the period. TLP Group LLC purchased a new position in shares of Total System Services during the 2nd quarter worth approximately $122,000. Parkwood LLC purchased a new position in shares of Total System Services during the 3rd quarter worth approximately $200,000. Finally, Texas Yale Capital Corp. purchased a new position in shares of Total System Services during the 2nd quarter worth approximately $205,000. Hedge funds and other institutional investors own 76.09% of the company’s stock.

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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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