Total System Services, Inc. (TSS) Receives $72.92 Average PT from Analysts
Shares of Total System Services, Inc. (NYSE:TSS) have been given a consensus rating of “Buy” by the twenty-nine brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $73.83.
A number of research firms have commented on TSS. Zacks Investment Research downgraded Total System Services from a “buy” rating to a “hold” rating and set a $88.00 target price for the company. in a report on Friday. Mizuho reissued a “hold” rating and issued a $85.00 target price on shares of Total System Services in a report on Thursday. Royal Bank of Canada reissued a “buy” rating and issued a $90.00 target price on shares of Total System Services in a report on Thursday. Robert W. Baird reissued a “buy” rating on shares of Total System Services in a report on Tuesday, September 26th. Finally, Citigroup raised their target price on Total System Services from $71.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 25th.
Shares of Total System Services (TSS) traded up $0.52 during midday trading on Monday, hitting $79.94. The company had a trading volume of 1,466,254 shares, compared to its average volume of 1,068,276. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.02. Total System Services has a 52-week low of $49.98 and a 52-week high of $80.51. The firm has a market capitalization of $14,601.07, a P/E ratio of 35.53, a PEG ratio of 1.77 and a beta of 1.10.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Thursday, December 21st were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend was Wednesday, December 20th. Total System Services’s dividend payout ratio is currently 23.11%.
In other news, EVP Patricia A. Watson sold 23,608 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $74.01, for a total value of $1,747,228.08. Following the completion of the transaction, the executive vice president now owns 21,112 shares in the company, valued at $1,562,499.12. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.60% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Parametric Portfolio Associates LLC increased its position in Total System Services by 4.7% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 199,363 shares of the credit services provider’s stock worth $13,058,000 after purchasing an additional 8,868 shares in the last quarter. Visionary Asset Management Inc. purchased a new stake in Total System Services during the 3rd quarter worth about $399,000. IFM Investors Pty Ltd purchased a new stake in Total System Services during the 3rd quarter worth about $377,000. Sterling Capital Management LLC increased its position in Total System Services by 1,366.8% during the 3rd quarter. Sterling Capital Management LLC now owns 300,170 shares of the credit services provider’s stock worth $19,661,000 after purchasing an additional 279,706 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its position in Total System Services by 90.9% during the 3rd quarter. Neuberger Berman Group LLC now owns 319,843 shares of the credit services provider’s stock worth $20,950,000 after purchasing an additional 152,268 shares in the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.
Total System Services Company Profile
Total System Services, Inc (TSYS) is a payment solutions provider that provides payment processing services, merchant services and related payment services to financial and non-financial institutions. The Company’s segments include North America Services, Merchant Services, NetSpend and International Services.
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