Total System Services, Inc. (TSS) Given Average Rating of “Buy” by Brokerages

Shares of Total System Services, Inc. (NYSE:TSS) have been assigned an average recommendation of “Buy” from the twenty-eight brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $69.91.

A number of analysts have recently weighed in on TSS shares. Stephens increased their target price on shares of Total System Services from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, October 25th. Zacks Investment Research lowered shares of Total System Services from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Barclays PLC increased their price target on shares of Total System Services from $72.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 11th. Robert W. Baird increased their price target on shares of Total System Services from $76.00 to $78.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. Finally, Wells Fargo & Company increased their price target on shares of Total System Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 27th.

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In related news, CFO Paul M. Todd sold 4,057 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $63.50, for a total transaction of $257,619.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.60% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in TSS. Dimensional Fund Advisors LP increased its position in shares of Total System Services by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 882,268 shares of the credit services provider’s stock valued at $47,165,000 after acquiring an additional 11,379 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Total System Services by 12.6% during the first quarter. HighTower Advisors LLC now owns 9,395 shares of the credit services provider’s stock valued at $500,000 after acquiring an additional 1,052 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Total System Services by 7.5% during the second quarter. State of Alaska Department of Revenue now owns 8,488 shares of the credit services provider’s stock valued at $494,000 after acquiring an additional 590 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its position in shares of Total System Services by 0.3% during the second quarter. Chevy Chase Trust Holdings Inc. now owns 142,688 shares of the credit services provider’s stock valued at $8,311,000 after acquiring an additional 433 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its position in shares of Total System Services by 0.5% during the second quarter. Meeder Asset Management Inc. now owns 15,893 shares of the credit services provider’s stock valued at $925,000 after acquiring an additional 83 shares in the last quarter. 76.41% of the stock is owned by institutional investors.

Total System Services (NYSE:TSS) traded up $0.10 during trading on Friday, hitting $72.33. 1,126,500 shares of the stock were exchanged, compared to its average volume of 1,256,713. The company has a current ratio of 1.03, a quick ratio of 1.09 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $13,297.58, a price-to-earnings ratio of 23.04, a P/E/G ratio of 1.77 and a beta of 1.11. Total System Services has a one year low of $47.01 and a one year high of $73.84.

Total System Services (NYSE:TSS) last posted its earnings results on Tuesday, October 24th. The credit services provider reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.07. The company had revenue of $852.80 million during the quarter, compared to analyst estimates of $842.30 million. Total System Services had a net margin of 8.73% and a return on equity of 26.25%. Total System Services’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 earnings per share. sell-side analysts anticipate that Total System Services will post 3.2 earnings per share for the current year.

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.

Analyst Recommendations for Total System Services (NYSE:TSS)

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