Total System Services Inc. (TSS) Shares Down 9.5%
Total System Services Inc. (NYSE:TSS) fell 9.5% during trading on Wednesday . The stock traded as low as $50.73 and last traded at $51.07, with a volume of 2,632,586 shares. The stock had previously closed at $56.43.
A number of research analysts recently weighed in on TSS shares. Barclays PLC reaffirmed a “buy” rating on shares of Total System Services in a report on Saturday, July 9th. Nomura started coverage on Total System Services in a report on Tuesday, April 19th. They set a “buy” rating and a $56.00 price objective on the stock. Morgan Stanley reaffirmed a “hold” rating on shares of Total System Services in a report on Wednesday, April 27th. Credit Suisse Group AG set a $58.00 price objective on Total System Services and gave the stock a “hold” rating in a report on Wednesday. Finally, Compass Point upped their price objective on Total System Services from $51.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, April 27th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $50.69.
The firm has a market cap of $9.42 billion and a PE ratio of 25.17. The firm has a 50-day moving average of $53.31 and a 200-day moving average of $48.76.
Total System Services (NYSE:TSS) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.02. The firm earned $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. The firm’s quarterly revenue was up 66.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.58 EPS. Analysts predict that Total System Services Inc. will post $2.83 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Thursday, June 23rd were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Tuesday, June 21st.
In related news, Director Philip W. Tomlinson sold 57,433 shares of Total System Services stock in a transaction on Friday, May 20th. The stock was sold at an average price of $53.90, for a total value of $3,095,638.70. Following the transaction, the director now directly owns 184,156 shares in the company, valued at approximately $9,926,008.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William A. Pruett sold 50,216 shares of Total System Services stock in a transaction on Friday, April 29th. The stock was sold at an average price of $50.33, for a total value of $2,527,371.28. Following the completion of the transaction, the insider now owns 285,827 shares in the company, valued at $14,385,672.91. The disclosure for this sale can be found here.
Other institutional investors recently modified their holdings of the company. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position in shares of Total System Services by 6.1% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 22,108 shares of the company’s stock worth $1,101,000 after buying an additional 1,277 shares during the last quarter. BOKF NA increased its position in shares of Total System Services by 7.8% in the fourth quarter. BOKF NA now owns 24,296 shares of the company’s stock worth $1,210,000 after buying an additional 1,751 shares in the last quarter. Deimos Asset Management LLC acquired a new position in shares of Total System Services during the fourth quarter worth $1,310,000. Utah Retirement Systems increased its position in shares of Total System Services by 0.3% in the fourth quarter. Utah Retirement Systems now owns 29,627 shares of the company’s stock worth $1,476,000 after buying an additional 100 shares in the last quarter. Finally, Quantitative Investment Management LLC acquired a new position in shares of Total System Services during the fourth quarter worth $1,633,000.
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.
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