Total System Services’ (TSS) Buy Rating Reiterated at KeyCorp

Total System Services (NYSE:TSS)‘s stock had its “buy” rating reissued by equities researchers at KeyCorp in a research report issued on Wednesday. They currently have a $92.00 price target on the credit services provider’s stock, up from their previous price target of $85.00. KeyCorp’s price objective would suggest a potential upside of 3.44% from the stock’s current price.

TSS has been the topic of several other reports. Wells Fargo & Co boosted their price objective on shares of Total System Services from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, September 27th. Stephens reaffirmed a “buy” rating and issued a $88.00 price objective on shares of Total System Services in a research report on Wednesday, January 10th. Jefferies Group boosted their price objective on shares of Total System Services from $59.00 to $73.00 and gave the company a “hold” rating in a research report on Monday, October 30th. Mizuho reaffirmed a “hold” rating and issued a $85.00 price objective on shares of Total System Services in a research report on Thursday, January 4th. Finally, BMO Capital Markets lifted their price target on shares of Total System Services from $70.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Total System Services currently has an average rating of “Buy” and an average target price of $81.46.

Shares of Total System Services (NYSE:TSS) traded up $0.66 during midday trading on Wednesday, hitting $88.94. 1,256,874 shares of the stock were exchanged, compared to its average volume of 1,167,145. The company has a market capitalization of $16,229.94, a PE ratio of 28.15, a price-to-earnings-growth ratio of 1.93 and a beta of 1.10. Total System Services has a 52 week low of $49.98 and a 52 week high of $89.26. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.12.

Total System Services (NYSE:TSS) last announced its quarterly earnings results on Tuesday, January 23rd. The credit services provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. The company had revenue of $870.61 million for the quarter, compared to analysts’ expectations of $848.20 million. Total System Services had a net margin of 11.90% and a return on equity of 26.21%. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the firm posted $0.71 earnings per share. analysts forecast that Total System Services will post 3.59 EPS for the current fiscal year.

In related news, EVP Patricia A. Watson sold 23,608 shares of Total System Services stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $74.01, for a total transaction of $1,747,228.08. Following the completion of the sale, the executive vice president now owns 21,112 shares of the company’s stock, valued at approximately $1,562,499.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.60% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sentry Investment Management LLC increased its stake in shares of Total System Services by 0.4% in the second quarter. Sentry Investment Management LLC now owns 11,216 shares of the credit services provider’s stock worth $653,000 after purchasing an additional 44 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Total System Services by 3.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 8,536 shares of the credit services provider’s stock valued at $497,000 after acquiring an additional 270 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in Total System Services by 0.3% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 91,727 shares of the credit services provider’s stock valued at $5,344,000 after buying an additional 271 shares during the last quarter. HighPoint Advisor Group LLC increased its stake in Total System Services by 6.1% in the 3rd quarter. HighPoint Advisor Group LLC now owns 12,535 shares of the credit services provider’s stock valued at $905,000 after buying an additional 726 shares during the last quarter. Finally, Global X MANAGEMENT CO LLC increased its stake in Total System Services by 14.8% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 5,756 shares of the credit services provider’s stock valued at $377,000 after buying an additional 740 shares during the last quarter. 76.02% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: “Total System Services’ (TSS) Buy Rating Reiterated at KeyCorp” was reported by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The legal version of this story can be accessed at https://www.americanbankingnews.com/2018/01/28/total-system-services-tss-buy-rating-reiterated-at-keycorp.html.

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.

Analyst Recommendations for Total System Services (NYSE:TSS)

Receive News & Ratings for Total System Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Total System Services and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply