Total System Services (TSS) Price Target Raised to $100.00 at Citigroup

Total System Services (NYSE:TSS) had its price objective hoisted by investment analysts at Citigroup from $94.00 to $100.00 in a research report issued to clients and investors on Wednesday. The firm presently has a “buy” rating on the credit services provider’s stock. Citigroup’s price objective would suggest a potential upside of 12.44% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Stifel Nicolaus reissued a “hold” rating and issued a $75.00 target price (up previously from $69.00) on shares of Total System Services in a research report on Wednesday, October 25th. Jefferies Group reissued a “hold” rating and issued a $59.00 target price on shares of Total System Services in a research report on Thursday, October 12th. Barclays lifted their target price on Total System Services from $78.00 to $80.00 and gave the company 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 and set a $88.00 target price on the stock. in a research report on Friday, January 5th. Finally, Nomura boosted their price target on Total System Services from $71.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $81.46.

Shares of Total System Services (TSS) traded up $0.66 during trading on Wednesday, reaching $88.94. The company had a trading volume of 1,256,874 shares, compared to its average volume of 1,167,145. Total System Services has a 1-year low of $49.98 and a 1-year high of $89.26. The firm has a market cap of $16,229.94, a price-to-earnings ratio of 28.15, a PEG ratio of 1.93 and a beta of 1.10. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.09.

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

In other news, EVP Patricia A. Watson sold 23,608 shares of Total System Services 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 completion of the transaction, the executive vice president now directly owns 21,112 shares in the company, valued at approximately $1,562,499.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.60% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Total System Services by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 16,532,149 shares of the credit services provider’s stock worth $962,997,000 after acquiring an additional 525,686 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Total System Services by 21.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 3,610,449 shares of the credit services provider’s stock worth $210,308,000 after acquiring an additional 649,271 shares during the period. Northern Trust Corp boosted its stake in shares of Total System Services by 13.0% during the 2nd quarter. Northern Trust Corp now owns 2,184,583 shares of the credit services provider’s stock worth $127,252,000 after acquiring an additional 251,761 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Total System Services by 7,710.6% during the 2nd quarter. Janus Henderson Group PLC now owns 1,735,118 shares of the credit services provider’s stock worth $101,071,000 after acquiring an additional 1,712,903 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Total System Services by 84.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,303,965 shares of the credit services provider’s stock worth $75,956,000 after acquiring an additional 598,500 shares during the period. Institutional investors own 76.02% of the company’s stock.

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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)

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