Total System Services (TSS) Research Coverage Started at BMO Capital Markets

Research analysts at BMO Capital Markets initiated coverage on shares of Total System Services (NYSE:TSS) in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. The firm set a “market perform” rating and a $94.00 price target on the credit services provider’s stock. BMO Capital Markets’ price target indicates a potential downside of 3.95% from the stock’s current price.

A number of other research firms also recently issued reports on TSS. Nomura restated a “buy” rating and set a $96.00 price target on shares of Total System Services in a research note on Wednesday, July 25th. Zacks Investment Research upgraded Total System Services from a “hold” rating to a “buy” rating and set a $104.00 price target on the stock in a research note on Monday, July 30th. Robert W. Baird lifted their target price on Total System Services from $98.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, July 12th. They noted that the move was a valuation call. Oppenheimer upgraded Total System Services from a “market perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a research note on Thursday, September 6th. Finally, UBS Group upgraded Total System Services from a “market perform” rating to an “outperform” rating in a research note on Thursday, September 6th. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Total System Services currently has an average rating of “Buy” and a consensus price target of $92.57.

NYSE:TSS opened at $97.87 on Wednesday. The company has a market cap of $18.02 billion, a P/E ratio of 30.52, a PEG ratio of 1.61 and a beta of 1.18. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.62. Total System Services has a 52-week low of $64.56 and a 52-week high of $100.39.

Total System Services (NYSE:TSS) last released its quarterly earnings results on Tuesday, July 24th. The credit services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.04. The firm had revenue of $956.55 million for the quarter, compared to the consensus estimate of $936.79 million. Total System Services had a return on equity of 29.26% and a net margin of 14.39%. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 EPS. research analysts expect that Total System Services will post 4.19 EPS for the current fiscal year.

In other news, EVP Dorenda K. Weaver sold 5,009 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The stock was 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 directly owns 44,358 shares of the company’s stock, valued at approximately $4,391,442. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Patricia A. Watson sold 15,332 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $93.30, for a total value of $1,430,475.60. Following the completion of the sale, the executive vice president now directly owns 30,743 shares of the company’s stock, valued at $2,868,321.90. The disclosure for this sale can be found here. 2.40% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Fort L.P. acquired a new stake in shares of Total System Services in the 2nd quarter valued at approximately $119,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Total System Services in the 2nd quarter valued at approximately $159,000. Bray Capital Advisors acquired a new stake in shares of Total System Services in the 2nd quarter valued at approximately $177,000. Eqis Capital Management Inc. acquired a new stake in shares of Total System Services in the 2nd quarter valued at approximately $231,000. Finally, ACG Wealth acquired a new stake in shares of Total System Services in the 2nd quarter valued at approximately $233,000. 76.49% of the stock is owned by institutional investors and hedge funds.

Total System Services Company Profile

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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Analyst Recommendations for Total System Services (NYSE:TSS)

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