Total System Services’ (NYSE:TSS) “Buy” Rating Reiterated at Royal Bank Of Canada

Total System Services, Inc. (NYSE:TSS)‘s stock had its “buy” rating reaffirmed by investment analysts at Royal Bank Of Canada in a note issued to investors on Monday, October 30th. They currently have a $75.00 price objective on the credit services provider’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 3.69% from the stock’s current price.

Several other brokerages have also recently weighed in on TSS. Jefferies Group LLC upped their price objective on shares of Total System Services from $59.00 to $73.00 and gave the stock a “hold” rating in a research note on Monday, October 30th. Citigroup Inc. upped their price objective on shares of Total System Services from $71.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Cowen and Company reaffirmed a “buy” rating and set a $67.00 price objective on shares of Total System Services in a research note on Thursday, September 7th. Bank of America Corporation began coverage on shares of Total System Services in a research note on Tuesday, September 12th. They set an “underperform” rating and a $64.00 price target on the stock. Finally, KeyCorp reissued an “overweight” rating on shares of Total System Services in a research note on Thursday, August 31st. One research analyst has rated the stock with a sell rating, nine have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Total System Services presently has an average rating of “Buy” and a consensus price target of $69.36.

Total System Services (NYSE:TSS) traded up $0.10 during trading hours on Monday, reaching $72.33. 1,126,500 shares of the company traded hands, compared to its average volume of 1,256,713. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.03 and a quick ratio of 1.09. The firm has a market capitalization of $13,297.58, a price-to-earnings ratio of 23.04, a PEG ratio of 1.77 and a beta of 1.11. Total System Services has a 52-week low of $47.01 and a 52-week high of $73.84.

Total System Services (NYSE:TSS) last issued its quarterly earnings data on Tuesday, October 24th. The credit services provider reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.07. The firm had revenue of $852.80 million for the quarter, compared to analysts’ expectations of $842.30 million. Total System Services had a net margin of 8.73% and a return on equity of 26.25%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 earnings per share. equities research analysts expect that Total System Services will post 3.2 earnings per share for the current fiscal year.

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In other Total System Services news, CFO Paul M. Todd sold 4,057 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $63.50, for a total value of $257,619.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.60% of the company’s stock.

Several large investors have recently modified their holdings of TSS. Dimensional Fund Advisors LP raised its holdings 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 worth $47,165,000 after acquiring an additional 11,379 shares during the period. KCG Holdings Inc. raised its holdings in shares of Total System Services by 7.3% during the first quarter. KCG Holdings Inc. now owns 10,576 shares of the credit services provider’s stock worth $565,000 after acquiring an additional 723 shares during the period. HighTower Advisors LLC raised its holdings 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 worth $500,000 after acquiring an additional 1,052 shares during the period. Bank of Nova Scotia acquired a new stake in shares of Total System Services during the first quarter worth $2,021,000. Finally, Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Total System Services by 5.8% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 23,774 shares of the credit services provider’s stock worth $1,271,000 after acquiring an additional 1,300 shares during the period. Institutional investors and hedge funds own 76.41% of the company’s stock.

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.

Analyst Recommendations for Total System Services (NYSE:TSS)

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