Total System Services’ (TSS) Hold Rating Reaffirmed at Mizuho
Total System Services (NYSE:TSS)‘s stock had its “hold” rating reissued by equities researchers at Mizuho in a research report issued to clients and investors on Thursday. They presently have a $85.00 price objective on the credit services provider’s stock. Mizuho’s target price points to a potential upside of 7.03% from the stock’s current price.
Several other equities research analysts have also commented on TSS. BMO Capital Markets upped their price target on shares of Total System Services from $70.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Cowen reissued a “buy” rating and set a $67.00 target price on shares of Total System Services in a research note on Thursday, September 7th. Robert W. Baird increased their target price on shares of Total System Services from $76.00 to $78.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. Morgan Stanley increased their target price on shares of Total System Services from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. Finally, Goldman Sachs Group lowered shares of Total System Services from a “buy” rating to a “neutral” rating in a research note on Monday, December 11th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $73.35.
Total System Services (NYSE TSS) traded up $0.64 during midday trading on Thursday, hitting $79.42. The company had a trading volume of 1,033,555 shares, compared to its average volume of 1,305,867. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.03 and a current ratio of 1.03. Total System Services has a 52-week low of $49.98 and a 52-week high of $80.51. The firm has a market cap of $14,428.25, a P/E ratio of 35.30, a price-to-earnings-growth ratio of 1.75 and a beta of 1.10.
In related news, EVP Patricia A. Watson sold 23,608 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $74.01, for a total value of $1,747,228.08. Following the transaction, the executive vice president now directly owns 21,112 shares of the company’s stock, valued at approximately $1,562,499.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.60% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. Parametric Portfolio Associates LLC raised its holdings in Total System Services by 4.7% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 199,363 shares of the credit services provider’s stock valued at $13,058,000 after acquiring an additional 8,868 shares during the last quarter. Visionary Asset Management Inc. acquired a new stake in Total System Services in the 3rd quarter valued at about $399,000. IFM Investors Pty Ltd acquired a new stake in Total System Services in the 3rd quarter valued at about $377,000. Sterling Capital Management LLC raised its holdings in Total System Services by 1,366.8% in the 3rd quarter. Sterling Capital Management LLC now owns 300,170 shares of the credit services provider’s stock valued at $19,661,000 after acquiring an additional 279,706 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its holdings in Total System Services by 90.9% in the 3rd quarter. Neuberger Berman Group LLC now owns 319,843 shares of the credit services provider’s stock valued at $20,950,000 after acquiring an additional 152,268 shares during the last quarter. Institutional investors own 75.93% 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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