Total System Services Inc. (TSS) Price Target Cut to $60.00
Total System Services Inc. (NYSE:TSS) had its price objective lowered by Citigroup Inc. from $63.00 to $60.00 in a research report sent to investors on Wednesday morning. Citigroup Inc. currently has a buy rating on the stock.
A number of other analysts have also issued reports on TSS. Zacks Investment Research lowered Total System Services from a buy rating to a hold rating in a research note on Friday, July 29th. First Analysis raised Total System Services from an equal weight rating to an overweight rating and set a $62.00 price target on the stock in a research note on Thursday, July 28th. Robert W. Baird raised Total System Services from a neutral rating to an outperform rating and set a $60.00 price target on the stock in a research note on Friday, August 12th. Morgan Stanley reaffirmed a hold rating and issued a $54.00 price target on shares of Total System Services in a research note on Thursday, July 28th. Finally, Wood & Company reaffirmed a sell rating on shares of Total System Services in a research note on Thursday, May 19th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $52.67.
Shares of Total System Services (NYSE:TSS) opened at 46.65 on Wednesday. The firm has a 50-day moving average price of $48.74 and a 200-day moving average price of $50.50. Total System Services has a 1-year low of $37.47 and a 1-year high of $56.69. The stock has a market cap of $8.58 billion, a price-to-earnings ratio of 23.76 and a beta of 1.15.
Total System Services (NYSE:TSS) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.02. The business earned $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Total System Services had a return on equity of 23.58% and a net margin of 10.97%. The business’s revenue was up 66.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.58 earnings per share. Equities analysts forecast that Total System Services will post $2.81 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 22nd will be issued a $0.10 dividend. The ex-dividend date is Tuesday, September 20th. This represents a $0.40 annualized dividend and a dividend yield of 0.86%. Total System Services’s dividend payout ratio is presently 20.30%.
A number of large investors have recently modified their holdings of TSS. Norges Bank bought a new stake in shares of Total System Services during the fourth quarter valued at $83,595,000. Fiera Capital Corp bought a new stake in shares of Total System Services during the second quarter valued at $61,268,000. Credit Agricole S A increased its stake in shares of Total System Services by 1,207.8% in the first quarter. Credit Agricole S A now owns 430,241 shares of the company’s stock valued at $20,471,000 after buying an additional 397,343 shares during the period. Eagle Asset Management Inc. bought a new stake in shares of Total System Services during the second quarter valued at $18,952,000. Finally, Allianz Asset Management AG increased its stake in shares of Total System Services by 28.2% in the second quarter. Allianz Asset Management AG now owns 1,525,893 shares of the company’s stock valued at $81,041,000 after buying an additional 335,959 shares during the period. 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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