Total System Services (NYSE:TSS) had its price target boosted by analysts at Barclays from $90.00 to $96.00 in a note issued to investors on Tuesday. The brokerage presently has an “overweight” rating on the credit services provider’s stock. Barclays’ price target would indicate a potential upside of 13.96% from the stock’s current price.
A number of other equities research analysts have also recently weighed in on TSS. Citigroup boosted their price objective on Total System Services from $71.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Royal Bank of Canada reiterated a “buy” rating and issued a $75.00 price objective on shares of Total System Services in a research note on Monday, October 30th. Nomura boosted their price objective on Total System Services from $71.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Robert W. Baird reiterated a “buy” rating and issued a $76.00 price objective on shares of Total System Services in a research note on Thursday, October 12th. Finally, KeyCorp reiterated a “buy” rating and issued a $85.00 price objective on shares of Total System Services in a research note on Friday, December 15th. One equities research 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 stock. The company currently has a consensus rating of “Buy” and a consensus target price of $82.08.
Shares of Total System Services (NYSE:TSS) opened at $84.24 on Tuesday. The firm has a market capitalization of $15,963.37, a P/E ratio of 26.66, a P/E/G ratio of 1.50 and a beta of 1.13. Total System Services has a 52 week low of $50.96 and a 52 week high of $89.92. 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 posted its earnings results on Tuesday, January 23rd. The credit services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.03. The firm had revenue of $870.61 million during the quarter, compared to analysts’ expectations of $848.20 million. Total System Services had a return on equity of 26.21% and a net margin of 11.90%. The firm’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 earnings per share. analysts forecast that Total System Services will post 3.96 EPS for the current year.
In other news, Director Richard W. Ussery sold 7,546 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $88.29, for a total value of $666,236.34. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Patricia A. Watson sold 9,596 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $88.42, for a total value of $848,478.32. The disclosure for this sale can be found here. In the last three months, insiders sold 104,876 shares of company stock worth $8,892,847. Corporate insiders own 2.60% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new position in shares of Total System Services in the fourth quarter valued at approximately $109,000. Parkwood LLC acquired a new position in shares of Total System Services in the third quarter valued at approximately $200,000. Cahaba Wealth Management Inc. acquired a new position in Total System Services during the fourth quarter worth $208,000. Reliance Trust Co. acquired a new position in Total System Services during the third quarter worth $211,000. Finally, Advisor Partners LLC acquired a new position in Total System Services during the third quarter worth $213,000. 76.25% of the stock is currently 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.