TSYS (TSS) Given New $96.00 Price Target at KeyCorp

TSYS (NYSE:TSS) had its price target boosted by KeyCorp from $92.00 to $96.00 in a report released on Monday morning. The brokerage currently has an overweight rating on the credit services provider’s stock.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of TSYS from a hold rating to a buy rating and set a $93.00 price target on the stock in a research report on Monday, January 22nd. Royal Bank of Canada reaffirmed a buy rating and issued a $90.00 price target on shares of TSYS in a research report on Thursday, January 4th. Stephens reaffirmed a buy rating and issued a $88.00 price target on shares of TSYS in a research report on Wednesday, January 10th. Wells Fargo set a $95.00 price target on shares of TSYS and gave the company a buy rating in a research report on Wednesday, January 24th. Finally, BMO Capital Markets set a $102.00 price target on shares of TSYS and gave the company a buy rating in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, ten have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $86.09.

Shares of NYSE TSS opened at $84.64 on Monday. TSYS has a fifty-two week low of $56.31 and a fifty-two week high of $90.74. The stock has a market capitalization of $15,557.53, a P/E ratio of 26.29, a price-to-earnings-growth ratio of 1.48 and a beta of 1.11. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.17.

TSYS (NYSE:TSS) last announced its quarterly earnings results on Tuesday, April 24th. The credit services provider reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.13. TSYS had a net margin of 13.15% and a return on equity of 28.55%. The business had revenue of $987.20 million for the quarter, compared to analysts’ expectations of $910.10 million. During the same quarter last year, the firm earned $0.82 EPS. The firm’s revenue for the quarter was down 16.6% compared to the same quarter last year. sell-side analysts expect that TSYS will post 3.96 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Thursday, March 22nd were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, March 21st. This represents a $0.52 annualized dividend and a dividend yield of 0.61%. TSYS’s payout ratio is currently 16.15%.

In other news, CAO Dorenda K. Weaver sold 24,160 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $90.11, for a total transaction of $2,177,057.60. Following the completion of the sale, the chief accounting officer now owns 54,969 shares in the company, valued at approximately $4,953,256.59. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Dorenda K. Weaver sold 2,686 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $87.81, for a total transaction of $235,857.66. Following the sale, the executive vice president now owns 49,367 shares of the company’s stock, valued at approximately $4,334,916.27. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 684,654 shares of company stock valued at $59,311,931. 2.40% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of TSS. Acadian Asset Management LLC purchased a new stake in shares of TSYS during the 4th quarter worth approximately $109,000. Tower Research Capital LLC TRC increased its stake in shares of TSYS by 463.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,295 shares of the credit services provider’s stock worth $181,000 after purchasing an additional 1,888 shares during the last quarter. Two Sigma Securities LLC purchased a new stake in shares of TSYS during the 4th quarter worth approximately $203,000. Cahaba Wealth Management Inc. purchased a new stake in shares of TSYS during the 4th quarter worth approximately $208,000. Finally, PHH Investments Ltd. purchased a new stake in shares of TSYS during the 4th quarter worth approximately $209,000. Institutional investors own 76.83% of the company’s stock.

TSYS 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.

Analyst Recommendations for TSYS (NYSE:TSS)

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