Total System Services, Inc. (NYSE:TSS) – Equities researchers at KeyCorp increased their Q3 2017 earnings estimates for Total System Services in a research report issued on Tuesday. KeyCorp analyst J. Beck now expects that the credit services provider will earn $0.76 per share for the quarter, up from their previous estimate of $0.75. KeyCorp also issued estimates for Total System Services’ Q4 2017 earnings at $0.75 EPS, FY2017 earnings at $3.11 EPS, Q1 2018 earnings at $0.87 EPS, Q2 2018 earnings at $0.92 EPS, Q3 2018 earnings at $0.86 EPS, Q4 2018 earnings at $0.86 EPS and FY2018 earnings at $3.53 EPS.
Total System Services (NYSE:TSS) last posted its quarterly earnings results on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.05. The business had revenue of $844.07 million during the quarter, compared to analyst estimates of $842.57 million. Total System Services had a net margin of 8.78% and a return on equity of 25.49%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.74 earnings per share.
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Several other equities analysts have also issued reports on the company. Northcoast Research initiated coverage on Total System Services in a research report on Friday, June 30th. They issued a “neutral” rating for the company. Zacks Investment Research upgraded Total System Services from a “sell” rating to a “buy” rating and set a $59.00 price objective for the company in a research report on Wednesday, April 12th. Goldman Sachs Group, Inc. (The) upgraded Total System Services from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $60.00 to $68.00 in a research report on Monday, May 8th. BMO Capital Markets reiterated an “outperform” rating and issued a $67.00 price objective (up from $64.00) on shares of Total System Services in a research report on Thursday, June 22nd. Finally, First Analysis lowered Total System Services from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $60.00 to $63.00 in a research report on Wednesday, May 3rd. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Total System Services presently has an average rating of “Buy” and an average target price of $63.42.
Shares of Total System Services (TSS) opened at 63.81 on Friday. Total System Services has a 52-week low of $46.22 and a 52-week high of $64.94. The stock has a 50 day moving average of $59.82 and a 200-day moving average of $56.07. The stock has a market capitalization of $11.74 billion, a price-to-earnings ratio of 35.20 and a beta of 1.12.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 29th will be paid a dividend of $0.13 per share. The ex-dividend date is Wednesday, September 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.81%. This is a boost from Total System Services’s previous quarterly dividend of $0.10. Total System Services’s dividend payout ratio is currently 19.51%.
In other news, Chairman M Troy Woods sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $57.30, for a total transaction of $372,450.00. Following the sale, the chairman now owns 285,966 shares in the company, valued at approximately $16,385,851.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard W. Ussery sold 48,000 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $59.19, for a total value of $2,841,120.00. Following the sale, the director now owns 219,968 shares in the company, valued at approximately $13,019,905.92. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.
Large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Total System Services by 3.2% in the first quarter. Vanguard Group Inc. now owns 16,006,463 shares of the credit services provider’s stock worth $855,707,000 after buying an additional 490,011 shares in the last quarter. FMR LLC boosted its stake in shares of Total System Services by 14.8% in the first quarter. FMR LLC now owns 11,224,948 shares of the credit services provider’s stock worth $600,086,000 after buying an additional 1,447,047 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Total System Services by 2,540.3% in the first quarter. BlackRock Inc. now owns 11,122,344 shares of the credit services provider’s stock worth $594,599,000 after buying an additional 10,701,089 shares in the last quarter. State Street Corp boosted its stake in shares of Total System Services by 0.9% in the first quarter. State Street Corp now owns 7,038,746 shares of the credit services provider’s stock worth $376,286,000 after buying an additional 62,264 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Total System Services by 23.4% in the first quarter. Wellington Management Group LLP now owns 4,353,926 shares of the credit services provider’s stock worth $232,761,000 after buying an additional 824,600 shares in the last quarter. Institutional investors own 75.22% of the company’s stock.
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.
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