Nomura Reiterates Buy Rating for Total System Services Inc. (TSS)
Total System Services Inc. (NYSE:TSS)‘s stock had its “buy” rating reissued by research analysts at Nomura in a note issued to investors on Monday. They presently have a $58.00 target price on the stock. Nomura’s price target suggests a potential upside of 22.91% from the stock’s previous close.
TSS has been the topic of a number of other research reports. Jefferies Group restated a “hold” rating and issued a $55.00 price objective (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. Citigroup Inc. cut their price objective on shares of Total System Services from $63.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, September 14th. Robert W. Baird upgraded shares of Total System Services from a “neutral” rating to an “outperform” rating and set a $60.00 price objective on the stock in a report on Friday, August 12th. Finally, Barclays PLC reiterated a “buy” rating on shares of Total System Services in a report on Saturday, July 9th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company’s stock. Total System Services has an average rating of “Hold” and a consensus target price of $52.78.
Total System Services (NYSE:TSS) opened at 47.19 on Monday. The stock has a market capitalization of $8.68 billion, a price-to-earnings ratio of 24.04 and a beta of 1.18. The company has a 50-day moving average of $48.25 and a 200-day moving average of $50.70. Total System Services has a 1-year low of $37.47 and a 1-year high of $56.69.
Total System Services (NYSE:TSS) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.74 earnings per share for the quarter, topping the Zacks’ 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 business’s revenue was up 66.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.58 earnings per share. Analysts anticipate that Total System Services will post $2.81 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Thursday, September 22nd were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, September 20th. This represents a $0.40 annualized dividend and a yield of 0.85%. Total System Services’s payout ratio is presently 20.30%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSS. Mizuho Asset Management Co. Ltd. increased its position in Total System Services by 40.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,039 shares of the company’s stock valued at $108,000 after buying an additional 583 shares during the last quarter. Kanaly Trust Co increased its position in Total System Services by 66.7% in the second quarter. Kanaly Trust Co now owns 2,400 shares of the company’s stock valued at $127,000 after buying an additional 960 shares during the last quarter. CWM LLC acquired a new position in Total System Services during the second quarter valued at $159,000. Pacer Advisors Inc. increased its position in Total System Services by 13.1% in the second quarter. Pacer Advisors Inc. now owns 3,514 shares of the company’s stock valued at $187,000 after buying an additional 408 shares during the last quarter. Finally, Laurion Capital Management LP acquired a new position in Total System Services during the second quarter valued at $202,000. Institutional investors and hedge funds own 71.50% of the company’s stock.
Total System Services Company Profile
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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