Total System Services, Inc. (TSS) Hits New 52-Week High at $65.74
Total System Services, Inc. (NYSE:TSS)’s share price hit a new 52-week high on Monday . The company traded as high as $65.74 and last traded at $65.68, with a volume of 461,515 shares. The stock had previously closed at $64.95.
A number of equities analysts have recently weighed in on the company. BidaskClub upgraded Total System Services from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Wedbush reiterated an “outperform” rating and set a $72.00 target price on shares of Total System Services in a research note on Wednesday, August 9th. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Total System Services in a research note on Thursday, July 27th. BMO Capital Markets increased their target price on Total System Services from $62.90 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 26th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $65.00 target price (up previously from $57.00) on shares of Total System Services in a research note on Wednesday, July 26th. Seven equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $64.05.
The company has a 50-day moving average price of $62.36 and a 200-day moving average price of $57.53. The company has a market cap of $12.22 billion, a PE ratio of 32.18 and a beta of 1.14.
Total System Services (NYSE:TSS) last issued its earnings results on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.05. Total System Services had a net margin of 8.78% and a return on equity of 25.49%. The business had revenue of $844.07 million for the quarter, compared to analysts’ expectations of $842.57 million. During the same quarter in the previous year, the firm posted $0.74 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. Equities research analysts forecast that Total System Services, Inc. will post $3.28 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 29th will be issued a $0.13 dividend. The ex-dividend date is Wednesday, September 20th. This represents a $0.52 annualized dividend and a dividend yield of 0.78%. This is a boost from Total System Services’s previous quarterly dividend of $0.10. Total System Services’s dividend payout ratio is presently 19.51%.
In other news, CFO Paul M. Todd sold 4,057 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $63.50, for a total value of $257,619.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP G Sanders Griffith III sold 18,472 shares of the company’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $63.25, for a total transaction of $1,168,354.00. Following the completion of the transaction, the executive vice president now directly owns 187,684 shares in the company, valued at approximately $11,871,013. The disclosure for this sale can be found here. In the last ninety days, insiders sold 291,503 shares of company stock worth $18,332,089. Insiders own 2.60% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Altavista Wealth Management Inc. purchased a new position in Total System Services during the first quarter valued at $290,000. Rothschild Asset Management Inc. purchased a new position in Total System Services during the first quarter valued at $390,000. Glen Harbor Capital Management LLC boosted its position in Total System Services by 23.1% in the first quarter. Glen Harbor Capital Management LLC now owns 29,344 shares of the credit services provider’s stock valued at $1,569,000 after buying an additional 5,516 shares during the last quarter. Tudor Investment Corp ET AL boosted its position in Total System Services by 5.8% in the first quarter. Tudor Investment Corp ET AL now owns 529,019 shares of the credit services provider’s stock valued at $28,281,000 after buying an additional 28,923 shares during the last quarter. Finally, DnB Asset Management AS boosted its position in Total System Services by 20.0% in the first quarter. DnB Asset Management AS now owns 18,036 shares of the credit services provider’s stock valued at $964,000 after buying an additional 3,000 shares during the last quarter. 75.66% of the stock is currently owned by hedge funds and other institutional investors.
WARNING: This story was originally posted by Daily Political and is the property of of Daily Political. If you are reading this story on another site, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.dailypolitical.com/2017/08/22/total-system-services-inc-tss-hits-new-52-week-high-at-65-74-2.html.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.