Total System Services (NYSE:TSS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “Total System Services’ shares have outperformed the industry, in a year's time. Its strong organic revenue growth reflects exceptional execution of strategic goals. The company’s acquisition strategy complements its organic growth. Its favorable 2018 guidance investors’ optimism on the stock. The company has strengthened its capital position by reducing debt. A reduction in the tax rate also favors the company's margins and growth. Nevertheless, exposure to foreign exchange volatility and investment expenses are headwinds. Total System Services’ earnings per share of $1.16 surpassed the Zacks Consensus Estimate by 6.4% and surged nearly 32% year over year led by strong performances by all three segments.”

Other analysts have also recently issued research reports about the stock. UBS Group upgraded shares of Total System Services from a “market perform” rating to an “outperform” rating in a research note on Thursday, September 6th. Robert W. Baird raised their target price on shares of Total System Services from $100.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 25th. Nomura restated a “buy” rating and issued a $96.00 target price on shares of Total System Services in a research note on Wednesday, July 25th. BMO Capital Markets assumed coverage on shares of Total System Services in a research note on Wednesday, September 26th. They issued a “market perform” rating and a $94.00 target price for the company. Finally, Citigroup raised their target price on shares of Total System Services from $104.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Total System Services has an average rating of “Buy” and an average price target of $97.00.

Shares of TSS stock traded up $0.97 during mid-day trading on Wednesday, hitting $84.32. The stock had a trading volume of 46,164 shares, compared to its average volume of 1,523,616. Total System Services has a fifty-two week low of $71.70 and a fifty-two week high of $100.39. The stock has a market capitalization of $15.41 billion, a PE ratio of 26.17, a price-to-earnings-growth ratio of 1.41 and a beta of 1.21. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.57 and a current ratio of 2.57.

Total System Services (NYSE:TSS) last released its earnings results on Tuesday, October 23rd. The credit services provider reported $1.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.07. Total System Services had a net margin of 15.93% and a return on equity of 30.28%. The company had revenue of $964.60 million during the quarter, compared to analysts’ expectations of $950.55 million. During the same quarter last year, the business earned $0.88 EPS. The business’s revenue was up 13.1% on a year-over-year basis. Equities analysts forecast that Total System Services will post 4.25 earnings per share for the current fiscal year.

In related news, EVP Dorenda K. Weaver sold 5,009 shares of the firm’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $99.00, for a total value of $495,891.00. Following the completion of the sale, the executive vice president now owns 44,358 shares in the company, valued at $4,391,442. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.40% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in TSS. Janus Henderson Group PLC lifted its stake in shares of Total System Services by 56.5% in the second quarter. Janus Henderson Group PLC now owns 2,897,435 shares of the credit services provider’s stock valued at $244,891,000 after purchasing an additional 1,045,842 shares during the period. BlackRock Inc. increased its holdings in Total System Services by 4.9% during the 3rd quarter. BlackRock Inc. now owns 12,662,032 shares of the credit services provider’s stock valued at $1,250,251,000 after acquiring an additional 593,390 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Total System Services by 699.1% during the 3rd quarter. Renaissance Technologies LLC now owns 393,665 shares of the credit services provider’s stock valued at $38,870,000 after acquiring an additional 344,400 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Total System Services by 53.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 885,306 shares of the credit services provider’s stock valued at $87,416,000 after acquiring an additional 307,042 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in Total System Services by 132.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 505,526 shares of the credit services provider’s stock valued at $42,727,000 after acquiring an additional 288,101 shares in the last quarter. Hedge funds and other institutional investors own 75.49% of the company’s stock.

About Total System Services

Total System Services, Inc provides payment processing, merchant, and related payment services to financial and nonfinancial institutions worldwide. The company operates through three segments: Merchant Solutions, Issuer Solutions, and Netspend. It offers general purpose reloadable prepaid and payroll cards, demand deposit accounts, and other financial service solutions to the underbanked and other consumers and businesses.

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