Bank of America Corporation began coverage on shares of Total System Services, Inc. (NYSE:TSS) in a report issued on Tuesday morning, Marketbeat reports. The firm issued an underperform rating and a $64.00 price target on the credit services provider’s stock.
Other research analysts also recently issued reports about the company. Zacks Investment Research raised Total System Services from a hold rating to a buy rating and set a $67.00 price objective on the stock in a research note on Friday, July 14th. Stifel Nicolaus reissued a buy rating and issued a $67.00 price objective (up from $65.00) on shares of Total System Services in a research note on Thursday, July 13th. Goldman Sachs Group, Inc. (The) raised Total System Services from a neutral rating to a buy rating in a research note on Monday, May 15th. Instinet boosted their price objective on Total System Services from $61.00 to $66.00 and gave the company a buy rating in a research note on Tuesday, June 6th. Finally, BidaskClub raised Total System Services from a hold rating to a buy rating in a research note on Sunday, July 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $65.25.
Shares of Total System Services (NYSE:TSS) opened at 66.70 on Tuesday. Total System Services has a one year low of $46.22 and a one year high of $70.62. The firm has a 50 day moving average price of $66.18 and a 200 day moving average price of $59.28. The company has a market capitalization of $12.29 billion, a P/E ratio of 32.36 and a beta of 1.13.
Total System Services (NYSE:TSS) last announced its quarterly earnings data on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.05. The company had revenue of $844.07 million for the quarter, compared to the consensus estimate of $842.57 million. Total System Services had a return on equity of 25.49% and a net margin of 8.78%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.74 EPS. On average, equities research analysts predict that Total System Services will post $3.28 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 29th will be issued a dividend of $0.13 per share. This is a positive change from Total System Services’s previous quarterly dividend of $0.10. This represents a $0.52 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Wednesday, September 20th. Total System Services’s payout ratio is currently 19.51%.
In other Total System Services news, CFO Paul M. Todd sold 4,057 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $63.50, for a total transaction of $257,619.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Philip W. Tomlinson sold 220,974 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $63.65, for a total value of $14,064,995.10. Following the sale, the director now directly owns 326,200 shares of the company’s stock, valued at $20,762,630. The disclosure for this sale can be found here. Insiders have sold a total of 243,503 shares of company stock valued at $15,490,969 over the last three months. Corporate insiders own 2.60% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Lord Abbett & CO. LLC increased its holdings in Total System Services by 480.0% during the 2nd quarter. Lord Abbett & CO. LLC now owns 743,682 shares of the credit services provider’s stock worth $43,319,000 after purchasing an additional 615,470 shares in the last quarter. Sentry Investment Management LLC grew its holdings in shares of Total System Services by 0.4% in the second quarter. Sentry Investment Management LLC now owns 11,216 shares of the credit services provider’s stock valued at $653,000 after acquiring an additional 44 shares in the last quarter. Toronto Dominion Bank grew its holdings in shares of Total System Services by 25.9% in the second quarter. Toronto Dominion Bank now owns 56,099 shares of the credit services provider’s stock valued at $3,267,000 after acquiring an additional 11,535 shares in the last quarter. Oak Associates Ltd. OH grew its holdings in shares of Total System Services by 36.2% in the second quarter. Oak Associates Ltd. OH now owns 162,110 shares of the credit services provider’s stock valued at $9,443,000 after acquiring an additional 43,100 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Total System Services in the second quarter valued at approximately $304,000. 76.14% of the stock is owned by hedge funds and other institutional investors.
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.
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