Robert W. Baird Boosts Total System Services (TSS) Price Target to $94.00

Total System Services (NYSE:TSS) had its target price lifted by Robert W. Baird from $90.00 to $94.00 in a research note issued to investors on Wednesday. The firm presently has an “outperform” rating on the credit services provider’s stock. Robert W. Baird’s price objective would indicate a potential upside of 5.69% from the company’s previous close.

TSS has been the subject of a number of other research reports. Wells Fargo & Co lifted their price target on Total System Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 27th. Stephens reiterated a “buy” rating and set a $88.00 price objective on shares of Total System Services in a research note on Wednesday, January 10th. Jefferies Group lifted their price objective on Total System Services from $59.00 to $73.00 and gave the company a “hold” rating in a research note on Monday, October 30th. BMO Capital Markets set a $102.00 price objective on Total System Services and gave the company a “buy” rating in a research note on Wednesday. Finally, Mizuho reiterated a “hold” rating and set a $85.00 price objective on shares of Total System Services in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $81.46.

Shares of Total System Services (NYSE:TSS) traded up $0.66 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. Total System Services has a 12 month low of $49.98 and a 12 month high of $89.26. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.12. The firm has a market cap of $16,229.94, a PE ratio of 28.15, a P/E/G ratio of 1.93 and a beta of 1.10.

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. equities research analysts predict that Total System Services will post 3.59 EPS for the current fiscal year.

In related news, EVP Patricia A. Watson sold 23,608 shares of Total System Services 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 in the company, valued at approximately $1,562,499.12. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.60% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC purchased a new position in shares of Total System Services in the 4th quarter valued at about $109,000. TLP Group LLC purchased a new position in shares of Total System Services in the 2nd quarter valued at about $122,000. Cahaba Wealth Management Inc. purchased a new position in shares of Total System Services in the 4th quarter valued at about $208,000. Parkwood LLC purchased a new position in shares of Total System Services in the 3rd quarter valued at about $200,000. Finally, Reliance Trust Co. purchased a new position in shares of Total System Services in the 3rd quarter valued at about $211,000. 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.