Credit Suisse Group Reiterates Neutral Rating for Total System Services (TSS)
Total System Services (NYSE:TSS)‘s stock had its “neutral” rating restated by analysts at Credit Suisse Group in a report released on Wednesday, The Fly reports. They currently have a $87.00 price target on the credit services provider’s stock, up from their previous price target of $73.00. Credit Suisse Group’s price objective points to a potential upside of 5.16% from the company’s current price.
Several other analysts have also recently issued reports on the company. BMO Capital Markets increased their target price on Total System Services from $70.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Robert W. Baird increased their target price on Total System Services from $76.00 to $78.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Zacks Investment Research raised Total System Services from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research report on Friday, December 15th. Goldman Sachs Group cut Total System Services from a “buy” rating to a “neutral” rating in a research report on Monday, December 11th. Finally, Morgan Stanley increased their target price on Total System Services from $63.00 to $69.00 and gave the company an “equal weight” rating in a research report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $75.19.
Total System Services (NYSE TSS) traded down $0.21 on Wednesday, reaching $82.73. The company’s stock had a trading volume of 1,000,700 shares, compared to its average volume of 1,194,767. The stock has a market cap of $15,340.00, a P/E ratio of 36.77, a P/E/G ratio of 1.85 and a beta of 1.10. Total System Services has a one year low of $49.98 and a one year high of $83.23. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.03 and a quick ratio of 1.03.
In other Total System Services news, EVP Patricia A. Watson sold 23,608 shares of Total System Services stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $74.01, for a total transaction of $1,747,228.08. Following the completion of the sale, the executive vice president now owns 21,112 shares of the company’s stock, valued at approximately $1,562,499.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.60% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC purchased a new position in shares of Total System Services during the 4th quarter valued at about $109,000. Acrospire Investment Management LLC raised its stake in shares of Total System Services by 122.2% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,000 shares of the credit services provider’s stock valued at $117,000 after buying an additional 1,100 shares during the last quarter. TLP Group LLC purchased a new position in shares of Total System Services during the 2nd quarter valued at about $122,000. Parkwood LLC purchased a new position in shares of Total System Services during the 3rd quarter valued at about $200,000. Finally, Reliance Trust Co. purchased a new position in shares of Total System Services during the 3rd quarter valued at about $211,000. 75.95% of the stock is owned by institutional investors.
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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.
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