Total System Services, Inc. (NYSE:TSS) – Analysts at Northcoast Research raised their FY2018 earnings per share (EPS) estimates for shares of Total System Services in a research note issued on Wednesday. Northcoast Research analyst K. Mehta now expects that the credit services provider will post earnings per share of $3.95 for the year, up from their previous forecast of $3.37.
Other equities analysts have also recently issued research reports about the company. Stifel Nicolaus reissued a “hold” rating and issued a $75.00 price objective (up previously from $69.00) on shares of Total System Services in a report on Wednesday, October 25th. Barclays boosted their price objective on Total System Services from $78.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, October 25th. Jefferies Group reissued a “hold” rating and issued a $59.00 price objective on shares of Total System Services in a report on Thursday, October 12th. Zacks Investment Research cut Total System Services from a “buy” rating to a “hold” rating and set a $88.00 price objective for the company. in a report on Friday, January 5th. Finally, Wedbush reissued an “outperform” rating and issued a $100.00 price objective (up previously from $85.00) on shares of Total System Services in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $81.46.
Total System Services (NYSE:TSS) last issued its quarterly earnings results on Tuesday, January 23rd. The credit services provider reported $0.82 EPS for the quarter, topping 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 company had revenue of $870.61 million during the quarter, compared to analysts’ expectations of $848.20 million. During the same quarter in the previous year, the firm posted $0.71 EPS. The firm’s revenue was up 10.8% compared to the same quarter last year.
A number of large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its stake in 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 buying an additional 649,271 shares in the last quarter. Janus Henderson Group PLC increased its stake in 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 buying an additional 1,712,903 shares in the last quarter. Pictet Asset Management Ltd. increased its stake in Total System Services by 13.0% during the 3rd quarter. Pictet Asset Management Ltd. now owns 1,212,512 shares of the credit services provider’s stock worth $79,420,000 after buying an additional 139,254 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Total System Services by 9.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,178,746 shares of the credit services provider’s stock worth $77,208,000 after buying an additional 97,514 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Total System Services by 5,111.9% during the 3rd quarter. American Century Companies Inc. now owns 1,000,833 shares of the credit services provider’s stock worth $65,555,000 after buying an additional 981,630 shares in the last quarter. Institutional investors own 76.02% of the company’s stock.
In related news, EVP Patricia A. Watson sold 23,608 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $74.01, for a total value of $1,747,228.08. Following the completion of the transaction, the executive vice president now owns 21,112 shares of the company’s stock, valued at approximately $1,562,499.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.60% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Thursday, December 21st were issued a $0.13 dividend. The ex-dividend date was Wednesday, December 20th. This represents a $0.52 dividend on an annualized basis and a yield of 0.58%. Total System Services’s payout ratio is 16.46%.
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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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