A number of other equities analysts have also weighed in on TSS. Citigroup Inc. lowered their target price on Total System Services from $63.00 to $60.00 and set a buy rating on the stock in a research report on Wednesday, September 14th. Zacks Investment Research lowered Total System Services from a buy rating to a hold rating in a research report on Friday, July 29th. First Analysis raised Total System Services from an equal weight rating to an overweight rating and set a $62.00 target price on the stock in a research report on Thursday, July 28th. Robert W. Baird raised Total System Services from a neutral rating to an outperform rating and set a $60.00 target price on the stock in a research report on Friday, August 12th. Finally, Morgan Stanley reaffirmed a hold rating and set a $54.00 target price on shares of Total System Services in a research report on Thursday, July 28th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company. Total System Services presently has an average rating of Hold and an average target price of $52.78.
Total System Services (NYSE:TSS) opened at 47.82 on Monday. The firm’s 50-day moving average is $48.28 and its 200-day moving average is $50.69. Total System Services has a 52-week low of $37.47 and a 52-week high of $56.69. The company has a market capitalization of $8.79 billion, a PE ratio of 24.36 and a beta of 1.18.
Total System Services (NYSE:TSS) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Total System Services had a return on equity of 23.58% and a net margin of 10.97%. The company’s revenue for the quarter was up 66.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.58 EPS. On average, equities research analysts forecast that Total System Services will post $2.81 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Thursday, September 22nd were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, September 20th. This represents a $0.40 annualized dividend and a dividend yield of 0.84%. Total System Services’s payout ratio is 20.30%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Total System Services during the second quarter valued at approximately $362,000. Kentucky Retirement Systems bought a new position in shares of Total System Services during the second quarter valued at approximately $763,000. Mason Street Advisors LLC bought a new position in shares of Total System Services during the second quarter valued at approximately $1,208,000. Front Street Capital Management Inc. bought a new position in shares of Total System Services during the second quarter valued at approximately $7,694,000. Finally, Royal Bank of Canada increased its position in shares of Total System Services by 32.5% in the second quarter. Royal Bank of Canada now owns 72,879 shares of the company’s stock valued at $3,869,000 after buying an additional 17,868 shares in the last quarter. Institutional investors own 71.50% of the company’s stock.
Total System Services Company Profile
Total System Services, Inc (TSYS) is a payment solutions provider that provides services to financial and nonfinancial institutions. The Company’s segments include North America Services, Merchant Services, NetSpend and International Services. The Company also provides processing services, acquiring solutions, related systems and integrated support services to merchant acquirers and merchants.
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