Total System Services Inc. (NYSE:TSS) – Research analysts at First Analysis issued their Q2 2017 earnings estimates for Total System Services in a note issued to investors on Wednesday. First Analysis analyst L. Berlin expects that the firm will post earnings per share of $0.76 for the quarter. First Analysis has a “Overweight” rating and a $62.00 price target on the stock.
A number of other equities analysts have also recently commented on the stock. Goldman Sachs Group Inc. started coverage on shares of Total System Services in a research note on Wednesday, April 13th. They issued a “sell” rating and a $44.00 price objective for the company. Keefe, Bruyette & Woods raised shares of Total System Services from a “market perform” rating to an “outperform” rating and set a $58.00 price target for the company in a research note on Monday, April 11th. Zacks Investment Research raised shares of Total System Services from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research note on Tuesday, April 5th. Compass Point started coverage on shares of Total System Services in a research note on Friday, April 15th. They set a “neutral” rating and a $51.00 price target for the company. Finally, Robert W. Baird reaffirmed a “hold” rating on shares of Total System Services in a research note on Monday, May 16th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $52.00.
Shares of Total System Services (NYSE:TSS) traded up 1.89% during midday trading on Thursday, reaching $52.30. 2,672,944 shares of the company’s stock were exchanged. Total System Services has a 12-month low of $37.47 and a 12-month high of $56.69. The stock’s 50 day moving average price is $53.24 and its 200 day moving average price is $48.78. The company has a market cap of $9.61 billion and a price-to-earnings ratio of 26.60.
An institutional investor recently raised its position in Total System Services stock. Russell Frank Co increased its stake in Total System Services Inc. (NYSE:TSS) by 17.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 77,945 shares of the company’s stock after buying an additional 11,822 shares during the period. Russell Frank Co’s holdings in Total System Services were worth $3,909,000 at the end of the most recent quarter.
In other news, CAO Dorenda K. Weaver sold 10,802 shares of Total System Services stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $53.03, for a total value of $572,830.06. Following the transaction, the chief accounting officer now owns 61,946 shares of the company’s stock, valued at approximately $3,284,996.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider William A. Pruett sold 50,216 shares of Total System Services stock in a transaction that occurred on Friday, April 29th. The stock was sold at an average price of $50.33, for a total transaction of $2,527,371.28. Following the completion of the transaction, the insider now directly owns 285,827 shares in the company, valued at approximately $14,385,672.91. The disclosure for this sale can be found here.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Thursday, June 23rd were issued a $0.10 dividend. The ex-dividend date was Tuesday, June 21st. This represents a $0.40 annualized dividend and a dividend yield of 0.76%.
Total System Services, Inc (TSYS) is a payment solutions provider that provides services to financial and nonfinancial institutions. The Company’s segments include North America Services, Merchant Services, NetSpend and International Services. The Company also provides processing services, acquiring solutions, related systems and integrated support services to merchant acquirers and merchants.
