Total System Services Inc. (TSS) Price Target Cut to $60.00
Total System Services Inc. (NYSE:TSS) had its price target lowered by Citigroup Inc. from $63.00 to $60.00 in a research report report published on Wednesday. The firm currently has a buy rating on the stock.
TSS has been the topic of several other research reports. Jefferies Group reiterated a hold rating and issued a $55.00 price target (up previously from $50.00) on shares of Total System Services in a report on Thursday, July 28th. Zacks Investment Research cut shares of Total System Services from a buy rating to a hold rating in a report on Friday, July 29th. Robert W. Baird upgraded shares of Total System Services from a neutral rating to an outperform rating and set a $60.00 target price on the stock in a report on Friday, August 12th. Barclays PLC restated a buy rating on shares of Total System Services in a report on Saturday, July 9th. Finally, Credit Suisse Group AG set a $58.00 target price on shares of Total System Services and gave the company a hold rating in a report on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $52.67.
Shares of Total System Services (NYSE:TSS) opened at 46.65 on Wednesday. The stock has a 50 day moving average of $48.74 and a 200 day moving average of $50.50. The stock has a market cap of $8.58 billion, a P/E ratio of 23.76 and a beta of 1.15. Total System Services has a one year low of $37.47 and a one year high of $56.69.
Total System Services (NYSE:TSS) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.02. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Total System Services had a net margin of 10.97% and a return on equity of 23.58%. The firm’s revenue for the quarter was up 66.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.58 earnings per share. On average, analysts forecast that Total System Services will post $2.81 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 22nd will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, September 20th. This represents a $0.40 annualized dividend and a yield of 0.86%. Total System Services’s payout ratio is presently 20.30%.
Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Total System Services by 1.3% in the second quarter. Vanguard Group Inc. now owns 15,241,780 shares of the company’s stock worth $809,490,000 after buying an additional 199,850 shares during the last quarter. State Street Corp raised its stake in Total System Services by 0.7% in the first quarter. State Street Corp now owns 6,737,142 shares of the company’s stock worth $320,552,000 after buying an additional 46,448 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Total System Services by 2.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,645,586 shares of the company’s stock worth $246,727,000 after buying an additional 111,578 shares during the last quarter. Boston Partners raised its stake in Total System Services by 6.4% in the second quarter. Boston Partners now owns 4,289,546 shares of the company’s stock worth $227,818,000 after buying an additional 258,848 shares during the last quarter. Finally, BlackRock Fund Advisors raised its stake in Total System Services by 2.3% in the second quarter. BlackRock Fund Advisors now owns 2,725,433 shares of the company’s stock worth $144,748,000 after buying an additional 62,214 shares during the last quarter. Institutional investors own 71.93% of the company’s stock.
About Total System Services
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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