Total System Services Inc. (NYSE:TSS)’s share price dropped 1.1% during mid-day trading on Monday . The stock traded as low as $48.29 and last traded at $48.30, with a volume of 303,354 shares changing hands. The stock had previously closed at $48.83.

TSS has been the topic of several recent analyst reports. Nomura initiated coverage on Total System Services in a research note on Tuesday, April 19th. They issued a “buy” rating and a $56.00 price target on the stock. Citigroup Inc. boosted their price objective on Total System Services from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, June 13th. Zacks Investment Research lowered Total System Services from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. Cowen and Company upgraded Total System Services from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $51.57 to $61.00 in a research report on Friday, May 6th. Finally, Compass Point boosted their price objective on Total System Services from $51.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 27th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company. Total System Services has an average rating of “Hold” and a consensus price target of $52.83.

The company has a market capitalization of $8.86 billion and a PE ratio of 24.54. The company has a 50 day moving average price of $52.07 and a 200 day moving average price of $49.24.

Total System Services (NYSE:TSS) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.02. During the same period last year, the business posted $0.58 earnings per share. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. The firm’s quarterly revenue was up 66.2% compared to the same quarter last year. On average, equities research analysts predict that Total System Services Inc. will post $2.81 earnings per share for the current fiscal year.

In other news, Director Philip W. Tomlinson sold 57,433 shares of the firm’s stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $53.90, for a total transaction of $3,095,638.70. Following the transaction, the director now directly owns 184,156 shares of the company’s stock, valued at $9,926,008.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO M Troy Woods sold 680 shares of the firm’s stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $53.22, for a total value of $36,189.60. Following the transaction, the chief executive officer now directly owns 345,300 shares in the company, valued at $18,376,866. The disclosure for this sale can be found here.

Several hedge funds have bought and sold shares of the company. Utah Retirement Systems boosted its stake in Total System Services by 0.3% in the fourth quarter. Utah Retirement Systems now owns 29,627 shares of the company’s stock valued at $1,476,000 after buying an additional 100 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its stake in 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 valued at $1,101,000 after buying an additional 1,277 shares during the last quarter. Eaton Vance Management boosted its stake in Total System Services by 19.8% in the fourth quarter. Eaton Vance Management now owns 111,131 shares of the company’s stock valued at $5,534,000 after buying an additional 18,396 shares during the last quarter. KBC Group NV boosted its stake in Total System Services by 37.3% in the fourth quarter. KBC Group NV now owns 133,734 shares of the company’s stock valued at $6,660,000 after buying an additional 36,308 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK boosted its stake in Total System Services by 145.6% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 71,024 shares of the company’s stock valued at $3,574,000 after buying an additional 42,101 shares during the last quarter.

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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