Stifel Nicolaus downgraded shares of Total System Services, Inc. (NYSE:TSS) from a buy rating to a hold rating in a report released on Tuesday morning, Marketbeat reports. Stifel Nicolaus currently has $69.00 price target on the credit services provider’s stock.

TSS has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Total System Services from a buy rating to a hold rating in a report on Tuesday, August 29th. Northcoast Research initiated coverage on shares of Total System Services in a report on Friday, June 30th. They set a neutral rating for the company. BidaskClub downgraded shares of Total System Services from a buy rating to a hold rating in a report on Saturday, June 10th. BMO Capital Markets reaffirmed an outperform rating and set a $67.00 price target (up previously from $64.00) on shares of Total System Services in a report on Thursday, June 22nd. Finally, KeyCorp reaffirmed an overweight rating on shares of Total System Services in a report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Total System Services currently has an average rating of Buy and a consensus price target of $65.15.

Shares of Total System Services (NYSE:TSS) opened at 69.07 on Tuesday. The firm has a market cap of $12.73 billion, a price-to-earnings ratio of 33.51 and a beta of 1.13. The stock’s 50 day moving average is $66.32 and its 200 day moving average is $59.51. Total System Services has a 12-month low of $46.22 and a 12-month high of $70.62.

Total System Services (NYSE:TSS) last posted its quarterly earnings data on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 firm had revenue of $844.07 million during the quarter, compared to the consensus estimate 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 analysts expect that Total System Services will post $3.28 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 29th will be given a $0.13 dividend. This is a boost from Total System Services’s previous quarterly dividend of $0.10. This represents a $0.52 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Wednesday, September 20th. Total System Services’s dividend payout ratio is 25.37%.

In other Total System Services news, Director Philip W. Tomlinson sold 220,974 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $63.65, for a total value of $14,064,995.10. Following the completion of the transaction, the director now directly owns 326,200 shares in the company, valued at approximately $20,762,630. The sale was disclosed in a 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 that occurred on Friday, July 28th. The shares were 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 owns 187,684 shares of the company’s stock, valued at $11,871,013. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 243,503 shares of company stock valued at $15,490,969. Corporate insiders own 2.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in Total System Services by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 16,532,149 shares of the credit services provider’s stock valued at $962,997,000 after acquiring an additional 525,686 shares during the period. Synovus Financial Corp increased its position in Total System Services by 1.0% in the 2nd quarter. Synovus Financial Corp now owns 13,709,409 shares of the credit services provider’s stock valued at $798,579,000 after acquiring an additional 134,998 shares during the period. FMR LLC increased its position in Total System Services by 14.8% in the 1st quarter. FMR LLC now owns 11,224,948 shares of the credit services provider’s stock valued at $600,086,000 after acquiring an additional 1,447,047 shares during the period. BlackRock Inc. increased its position in Total System Services by 2,540.3% in the 1st quarter. BlackRock Inc. now owns 11,122,344 shares of the credit services provider’s stock valued at $594,599,000 after acquiring an additional 10,701,089 shares during the period. Finally, State Street Corp increased its position in Total System Services by 0.9% in the 1st quarter. State Street Corp now owns 7,038,746 shares of the credit services provider’s stock valued at $376,286,000 after acquiring an additional 62,264 shares during the period. Hedge funds and other institutional investors own 76.13% of the company’s stock.

Total System Services Company Profile

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.

Analyst Recommendations for Total System Services (NYSE:TSS)

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