Total System Services, Inc. Expected to Post FY2018 Earnings of $3.40 Per Share (NYSE:TSS)

Total System Services, Inc. (NYSE:TSS) – Research analysts at KeyCorp lifted their FY2018 EPS estimates for Total System Services in a research note issued on Monday. KeyCorp analyst J. Beck now anticipates that the credit services provider will post earnings of $3.40 per share for the year, up from their previous forecast of $3.38.

Total System Services (NYSE:TSS) last posted its earnings results on Tuesday, April 25th. The credit services provider reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.02. Total System Services had a net margin of 7.86% and a return on equity of 25.16%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the company posted $0.66 earnings per share. Total System Services’s revenue for the quarter was up 62.3% compared to the same quarter last year.

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TSS has been the topic of several other reports. Guggenheim initiated coverage on Total System Services in a research note on Thursday, March 30th. They issued a “buy” rating and a $62.00 price objective on the stock. Zacks Investment Research lowered Total System Services from a “hold” rating to a “sell” rating in a research note on Tuesday, April 4th. Atlantic Securities reaffirmed a “neutral” rating and issued a $59.00 price objective on shares of Total System Services in a research note on Wednesday, April 12th. Pacific Crest reaffirmed an “overweight” rating and issued a $58.00 price objective on shares of Total System Services in a research note on Monday, April 24th. Finally, Stifel Nicolaus set a $65.00 price objective on Total System Services and gave the company a “buy” rating in a research note on Wednesday, April 26th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $61.89.

Total System Services (NYSE TSS) traded up 0.13% on Wednesday, reaching $61.78. 574,555 shares of the company’s stock were exchanged. The company has a market capitalization of $11.37 billion, a PE ratio of 34.08 and a beta of 1.12. Total System Services has a 1-year low of $46.22 and a 1-year high of $61.90. The company has a 50 day moving average price of $59.28 and a 200-day moving average price of $55.67.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Thursday, June 22nd were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, June 20th. This represents a $0.40 annualized dividend and a yield of 0.65%. Total System Services’s dividend payout ratio is presently 22.10%.

In other Total System Services news, Director Richard W. Ussery sold 48,000 shares of the firm’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 completion of the sale, the director now owns 219,968 shares in the company, valued at approximately $13,019,905.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman M Troy Woods sold 6,500 shares of the firm’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 value of $372,450.00. Following the completion of the sale, the chairman now owns 285,966 shares of the company’s stock, valued at approximately $16,385,851.80. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its position in 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 valued at $594,599,000 after buying an additional 10,701,089 shares in the last quarter. FMR LLC raised its position in 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 valued at $600,086,000 after buying an additional 1,447,047 shares in the last quarter. Point72 Asset Management L.P. raised its position in Total System Services by 71.6% in the first quarter. Point72 Asset Management L.P. now owns 2,386,830 shares of the credit services provider’s stock valued at $127,600,000 after buying an additional 996,260 shares in the last quarter. Strs Ohio raised its position in Total System Services by 405.1% in the first quarter. Strs Ohio now owns 1,218,151 shares of the credit services provider’s stock valued at $65,122,000 after buying an additional 976,975 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in 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 valued at $232,761,000 after buying an additional 824,600 shares in the last quarter. Institutional investors and hedge funds own 75.17% 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.

Earnings History and Estimates for Total System Services (NYSE:TSS)

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