Total System Services (TSS) Now Covered by Analysts at BMO Capital Markets

BMO Capital Markets started coverage on shares of Total System Services (NYSE:TSS) in a report released on Wednesday, The Fly reports. The brokerage issued a market perform rating and a $94.00 price objective on the credit services provider’s stock.

TSS has been the topic of several other reports. Zacks Investment Research downgraded shares of Total System Services from a buy rating to a hold rating in a report on Tuesday, September 18th. UBS Group upgraded shares of Total System Services from a market perform rating to an outperform rating in a report on Thursday, September 6th. Oppenheimer upgraded shares of Total System Services from a market perform rating to an outperform rating and set a $110.00 price objective on the stock in a report on Thursday, September 6th. Nomura upped their price objective on shares of Total System Services from $96.00 to $107.00 and gave the company a buy rating in a report on Tuesday, August 21st. Finally, Wells Fargo & Co reaffirmed an outperform rating and set a $100.00 price objective (up previously from $95.00) on shares of Total System Services in a research report on Wednesday, July 25th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Total System Services has a consensus rating of Buy and a consensus price target of $92.57.

Shares of TSS opened at $98.08 on Wednesday. The firm has a market cap of $18.02 billion, a P/E ratio of 30.46, a PEG ratio of 1.61 and a beta of 1.18. Total System Services has a 1-year low of $64.56 and a 1-year high of $100.39. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.55 and a current ratio of 2.55.

Total System Services (NYSE:TSS) last issued its earnings results on Tuesday, July 24th. The credit services provider reported $1.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.04. The business had revenue of $956.55 million for the quarter, compared to the consensus estimate of $936.79 million. Total System Services had a net margin of 14.39% and a return on equity of 29.26%. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 earnings per share. analysts predict that Total System Services will post 4.19 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Thursday, September 20th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date is Wednesday, September 19th. Total System Services’s dividend payout ratio is currently 16.15%.

In related news, EVP Patricia A. Watson sold 15,332 shares of the stock in a transaction on Monday, August 6th. The stock was sold at an average price of $93.30, for a total value of $1,430,475.60. Following the transaction, the executive vice president now directly owns 30,743 shares in the company, valued at approximately $2,868,321.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Dorenda K. Weaver sold 5,009 shares of the stock in a transaction 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 transaction, the executive vice president now owns 44,358 shares in the company, valued at $4,391,442. The disclosure for this sale can be found here. 2.40% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of TSS. Fort L.P. bought a new position in Total System Services during the 2nd quarter valued at $119,000. Piedmont Investment Advisors LLC bought a new position in Total System Services during the 2nd quarter valued at $159,000. Bray Capital Advisors bought a new position in Total System Services during the 2nd quarter valued at $177,000. Eqis Capital Management Inc. bought a new position in Total System Services during the 2nd quarter valued at $231,000. Finally, ACG Wealth bought a new position in Total System Services during the 2nd quarter valued at $233,000. Institutional investors own 76.49% of the company’s stock.

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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