Total System Services (NYSE:TSS)‘s stock had its “outperform” rating reiterated by Wedbush in a report issued on Wednesday, The Fly reports. They presently have a $100.00 price target on the credit services provider’s stock, up from their previous price target of $85.00. Wedbush’s target price indicates a potential upside of 12.44% from the company’s previous close. Wedbush also issued estimates for Total System Services’ Q4 2017 earnings at $0.76 EPS, FY2017 earnings at $3.21 EPS, Q1 2018 earnings at $0.80 EPS, Q2 2018 earnings at $0.93 EPS, Q3 2018 earnings at $0.98 EPS, Q3 2018 earnings at $1.07 EPS, FY2018 earnings at $3.61 EPS, Q1 2019 earnings at $0.93 EPS, Q3 2019 earnings at $1.12 EPS and FY2019 earnings at $4.12 EPS.
Several other research firms also recently commented on TSS. Citigroup boosted their price target on shares of Total System Services from $94.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday. KeyCorp reiterated a “buy” rating and set a $92.00 target price (up previously from $85.00) on shares of Total System Services in a research note on Wednesday. Zacks Investment Research downgraded shares of Total System Services from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Credit Suisse Group reiterated a “neutral” rating and set a $87.00 target price (up previously from $73.00) on shares of Total System Services in a research note on Wednesday, January 17th. Finally, Evercore ISI upgraded shares of Total System Services from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 10th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus 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, reaching $88.94. The company’s stock had a trading volume of 1,256,874 shares, compared to its average volume of 1,167,145. The stock has a market capitalization of $16,229.94, a price-to-earnings ratio of 28.15, a price-to-earnings-growth ratio of 1.93 and a beta of 1.10. 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 has a 52 week low of $49.98 and a 52 week high of $89.26.
In other news, EVP Patricia A. Watson sold 23,608 shares of the company’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 completion of the sale, the executive vice president now directly owns 21,112 shares of the company’s stock, valued at $1,562,499.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.60% of the company’s stock.
Large investors have recently made changes to their positions in the company. Gotham Asset Management LLC grew its position in Total System Services by 801.6% during the second quarter. Gotham Asset Management LLC now owns 114,449 shares of the credit services provider’s stock worth $6,667,000 after buying an additional 101,755 shares during the period. American Century Companies Inc. boosted its holdings in shares of Total System Services by 5,111.9% in the 3rd quarter. American Century Companies Inc. now owns 1,000,833 shares of the credit services provider’s stock valued at $65,555,000 after buying an additional 981,630 shares during the period. Neuberger Berman Group LLC boosted its holdings in shares of 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 buying an additional 152,268 shares during the period. Zurich Insurance Group Ltd FI acquired a new position in shares of Total System Services in the 2nd quarter valued at about $858,000. Finally, APG Asset Management N.V. boosted its holdings in shares of Total System Services by 28.2% in the 3rd quarter. APG Asset Management N.V. now owns 127,211 shares of the credit services provider’s stock valued at $8,332,000 after buying an additional 28,000 shares during the period. 76.02% of the stock is owned by institutional investors and hedge funds.
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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.
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