Total System Services (TSS) Rating Reiterated by Wedbush

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.

Total System Services (NYSE:TSS) last posted its quarterly earnings results on Tuesday, January 23rd. The credit services provider reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.03. The business had revenue of $870.61 million during the quarter, compared to the consensus estimate of $848.20 million. Total System Services had a net margin of 11.90% and a return on equity of 26.21%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.71 earnings per share. analysts predict 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 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.

The Fly

Analyst Recommendations for Total System Services (NYSE:TSS)

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