Total System Services, Inc. (NYSE:TSS) Price Target Raised to $70.00 at BMO Capital Markets

Total System Services, Inc. (NYSE:TSS) had its price target raised by BMO Capital Markets from $62.90 to $70.00 in a research note released on Wednesday. They currently have an outperform rating on the credit services provider’s stock.

Several other research firms have also recently commented on TSS. Cowen and Company reaffirmed an outperform rating and set a $67.00 price objective on shares of Total System Services in a research report on Wednesday. Zacks Investment Research raised Total System Services from a sell rating to a buy rating and set a $59.00 price objective on the stock in a research report on Wednesday, April 12th. Goldman Sachs Group, Inc. (The) raised Total System Services from a neutral rating to a buy rating in a research report on Monday, May 15th. Atlantic Securities reaffirmed a neutral rating and set a $59.00 price objective on shares of Total System Services in a research report on Wednesday, April 12th. Finally, Stifel Nicolaus set a $65.00 price objective on Total System Services and gave the company a buy rating in a research report on Wednesday, April 26th. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company has an average rating of Buy and an average price target of $63.42.

Total System Services (NYSE TSS) opened at 63.81 on Wednesday. Total System Services has a one year low of $46.22 and a one year high of $64.94. The company has a 50 day moving average of $59.95 and a 200-day moving average of $56.14. The stock has a market capitalization of $11.74 billion, a P/E ratio of 35.20 and a beta of 1.12.

Total System Services (NYSE:TSS) last issued its quarterly earnings results on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.05. Total System Services had a return on equity of 25.49% and a net margin of 8.78%. The firm had revenue of $844.07 million during the quarter, compared to the consensus estimate of $842.57 million. During the same period last year, the company earned $0.74 earnings per share. The company’s revenue was up 6.2% on a year-over-year basis. Equities research analysts predict that Total System Services will post $3.28 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 29th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.81%. This is a boost from Total System Services’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, September 20th. Total System Services’s dividend payout ratio (DPR) is presently 19.51%.

In other news, Chairman M Troy Woods sold 6,500 shares of Total System Services stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $57.30, for a total transaction of $372,450.00. Following the transaction, the chairman now directly owns 285,966 shares of the company’s stock, valued at approximately $16,385,851.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard W. Ussery sold 48,000 shares of Total System Services stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $59.19, for a total value of $2,841,120.00. Following the transaction, the director now directly owns 219,968 shares in the company, valued at $13,019,905.92. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC bought a new position in Total System Services during the first quarter worth $169,000. Doyle Wealth Management bought a new position in Total System Services during the second quarter worth $205,000. Pacer Advisors Inc. boosted its position in Total System Services by 3.4% in the first quarter. Pacer Advisors Inc. now owns 3,597 shares of the credit services provider’s stock worth $192,000 after buying an additional 119 shares during the last quarter. Oakworth Capital Inc. boosted its position in Total System Services by 4,788.2% in the first quarter. Oakworth Capital Inc. now owns 3,715 shares of the credit services provider’s stock worth $199,000 after buying an additional 3,639 shares during the last quarter. Finally, OLD National Bancorp IN bought a new position in Total System Services during the first quarter worth $206,000. 75.22% of the stock is currently owned by hedge funds and other institutional investors.

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.