Total System Services (NYSE:TSS) has been given a $95.00 target price by research analysts at Wells Fargo & Co in a research note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the credit services provider’s stock. Wells Fargo & Co’s price target suggests a potential upside of 8.85% from the stock’s current price.
A number of other equities research analysts have also commented on the stock. Robert W. Baird upped their price objective on shares of Total System Services from $90.00 to $94.00 and gave the company an “outperform” rating in a research note on Wednesday. Morgan Stanley set a $89.00 target price on shares of Total System Services and gave the stock a “hold” rating in a research note on Wednesday. BMO Capital Markets set a $102.00 target price on shares of Total System Services and gave the stock a “buy” rating in a research note on Wednesday. Wedbush reissued an “outperform” rating and set a $100.00 target price (up from $85.00) on shares of Total System Services in a research note on Wednesday. Finally, KeyCorp reissued a “buy” rating and set a $92.00 target price (up from $85.00) on shares of Total System Services in a research note on Wednesday. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $81.08.
Total System Services (NYSE TSS) traded up $3.36 during trading hours on Wednesday, hitting $87.28. 3,029,430 shares of the stock were exchanged, compared to its average volume of 1,170,000. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.03 and a current ratio of 1.03. Total System Services has a 12 month low of $49.98 and a 12 month high of $87.96. The company has a market cap of $16,080.00, a price-to-earnings ratio of 38.79, a P/E/G ratio of 1.87 and a beta of 1.10.
In other Total System Services news, EVP Patricia A. Watson sold 23,608 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $74.01, for a total transaction of $1,747,228.08. Following the transaction, the executive vice president now owns 21,112 shares in the company, valued at $1,562,499.12. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.60% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sentry Investment Management LLC raised its holdings in Total System Services by 0.4% during the second quarter. Sentry Investment Management LLC now owns 11,216 shares of the credit services provider’s stock worth $653,000 after buying an additional 44 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Total System Services by 3.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 8,536 shares of the credit services provider’s stock worth $497,000 after buying an additional 270 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in Total System Services by 0.3% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 91,727 shares of the credit services provider’s stock worth $5,344,000 after buying an additional 271 shares during the last quarter. HighPoint Advisor Group LLC raised its holdings in Total System Services by 6.1% during the third quarter. HighPoint Advisor Group LLC now owns 12,535 shares of the credit services provider’s stock worth $905,000 after buying an additional 726 shares during the last quarter. Finally, Global X MANAGEMENT CO LLC raised its holdings in Total System Services by 14.8% during the third quarter. Global X MANAGEMENT CO LLC now owns 5,756 shares of the credit services provider’s stock worth $377,000 after buying an additional 740 shares during the last quarter. Hedge funds and other 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.
