Several other research analysts have also recently issued reports on TSS. Citigroup Inc. upped their target price on shares of Total System Services from $61.00 to $63.00 and gave the company a buy rating in a report on Monday, June 13th. Barclays PLC restated a buy rating on shares of Total System Services in a report on Saturday, July 9th. Credit Suisse Group AG set a $58.00 target price on shares of Total System Services and gave the company a hold rating in a report on Wednesday, July 27th. First Analysis upgraded shares of Total System Services from an equal weight rating to an overweight rating and set a $62.00 target price for the company in a report on Thursday, July 28th. Finally, Jefferies Group restated a hold rating and issued a $55.00 target price (up previously from $50.00) on shares of Total System Services in a report on Thursday, July 28th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the stock. The company has an average rating of Hold and an average price target of $52.78.
Total System Services (NYSE:TSS) opened at 48.01 on Monday. The firm has a 50-day moving average of $48.27 and a 200-day moving average of $50.67. The stock has a market cap of $8.83 billion, a PE ratio of 24.46 and a beta of 1.18. Total System Services has a 12-month low of $37.47 and a 12-month high of $56.69.
Total System Services (NYSE:TSS) last issued its earnings results on Tuesday, July 26th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. Total System Services had a net margin of 10.97% and a return on equity of 23.58%. The business earned $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the business posted $0.58 EPS. The company’s revenue for the quarter was up 66.2% on a year-over-year basis. Equities analysts predict that Total System Services will post $2.81 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Thursday, September 22nd were issued a $0.10 dividend. The ex-dividend date was Tuesday, September 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.83%. Total System Services’s dividend payout ratio is presently 20.30%.
Several institutional investors have recently made changes to their positions in the stock. Mizuho Asset Management Co. Ltd. boosted its stake in shares of Total System Services by 40.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,039 shares of the company’s stock worth $108,000 after buying an additional 583 shares during the last quarter. Kanaly Trust Co boosted its position in shares of Total System Services by 66.7% in the second quarter. Kanaly Trust Co now owns 2,400 shares of the company’s stock worth $127,000 after buying an additional 960 shares during the last quarter. CWM LLC acquired a new position in shares of Total System Services during the second quarter worth about $159,000. Pacer Advisors Inc. boosted its position in shares of Total System Services by 13.1% in the second quarter. Pacer Advisors Inc. now owns 3,514 shares of the company’s stock worth $187,000 after buying an additional 408 shares during the last quarter. Finally, Laurion Capital Management LP acquired a new position in shares of Total System Services during the second quarter worth about $202,000. Institutional investors and hedge funds 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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