Total System Services (NYSE:TSS) Receiving Somewhat Favorable News Coverage, Report Finds
Media coverage about Total System Services (NYSE:TSS) has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Total System Services earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media headlines about the credit services provider an impact score of 46.9132760786166 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s rankings:
- Analysts Expect Total System Services, Inc. (TSS) Will Post Quarterly Sales of $1.21 Billion (americanbankingnews.com)
- Unusual Activity Spotted in Total System Services Inc (TSS) – Financial News Review (finnewsreview.com)
- Total System (TSS) to Report Q2 Earnings: What’s in Store? – Nasdaq (nasdaq.com)
- Total System (TSS) to Report Q2 Earnings: What's in Store? (finance.yahoo.com)
- Total System Services, Inc. (NYSE:TSS) Expected to Announce Earnings of $0.76 Per Share (americanbankingnews.com)
TSS has been the topic of several recent research reports. Zacks Investment Research raised Total System Services from a “sell” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Wednesday, April 12th. Goldman Sachs Group, Inc. (The) raised Total System Services from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $60.00 to $68.00 in a report on Monday, May 8th. BMO Capital Markets reaffirmed an “outperform” rating and set a $67.00 target price (up from $64.00) on shares of Total System Services in a report on Thursday, June 22nd. First Analysis downgraded Total System Services from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $60.00 to $63.00 in a report on Wednesday, May 3rd. They noted that the move was a valuation call. Finally, Northcoast Research initiated coverage on Total System Services in a report on Friday, June 30th. They set a “neutral” rating on the stock. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $61.89.
Total System Services (TSS) traded up 0.30% on Tuesday, reaching $62.59. The company had a trading volume of 955,269 shares. The firm has a market capitalization of $11.52 billion, a price-to-earnings ratio of 34.52 and a beta of 1.13. Total System Services has a one year low of $46.22 and a one year high of $62.94. The company’s 50 day moving average is $59.48 and its 200-day moving average is $55.89.
Total System Services (NYSE:TSS) last issued its quarterly earnings data on Tuesday, April 25th. The credit services provider reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.02. Total System Services had a net margin of 7.86% and a return on equity of 25.16%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the business posted $0.66 earnings per share. Total System Services’s quarterly revenue was up 62.3% compared to the same quarter last year. On average, equities research analysts expect that Total System Services will post $3.24 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Thursday, June 22nd were issued a $0.10 dividend. The ex-dividend date was Tuesday, June 20th. This represents a $0.40 annualized dividend and a yield of 0.64%. Total System Services’s dividend payout ratio (DPR) is presently 22.10%.
In other Total System Services news, Chairman M Troy Woods sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $57.30, for a total value of $372,450.00. Following the completion of the sale, the chairman now directly owns 285,966 shares in the company, valued at $16,385,851.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard W. Ussery sold 48,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $59.19, for a total transaction of $2,841,120.00. Following the completion of the sale, the director now owns 219,968 shares of the company’s stock, valued at $13,019,905.92. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.
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About Total System Services
Total System Services, Inc (TSYS) is a payment solutions provider that provides payment processing services, merchant services and related payment services to financial and non-financial institutions. The Company’s segments include North America Services, Merchant Services, NetSpend and International Services.
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