Total System Services, Inc. (TSS) Stock Rating Reaffirmed by Cowen and Company

Total System Services, Inc. (NYSE:TSS)‘s stock had its “outperform” rating reaffirmed by analysts at Cowen and Company in a research report issued to clients and investors on Wednesday, July 26th. They presently have a $67.00 target price on the credit services provider’s stock. Cowen and Company’s price objective points to a potential upside of 4.51% from the stock’s previous close.

Several other equities research analysts have also recently commented on TSS. Guggenheim began coverage on shares of Total System Services in a research report on Thursday, March 30th. They set a “buy” rating and a $62.00 price target on the stock. Zacks Investment Research lowered shares of Total System Services from a “hold” rating to a “sell” rating in a research note on Tuesday, April 4th. Atlantic Securities reiterated a “neutral” rating and issued a $59.00 price target on shares of Total System Services in a research note on Wednesday, April 12th. Pacific Crest reaffirmed an “overweight” rating and set a $58.00 price target on shares of Total System Services in a report on Monday, April 24th. Finally, Stifel Nicolaus set a $65.00 price target on shares of Total System Services and gave the stock a “buy” rating in a report on Wednesday, April 26th. Seven investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $63.85.

Shares of Total System Services (NYSE TSS) traded up 0.61% during midday trading on Wednesday, hitting $64.11. The stock had a trading volume of 801,354 shares. The stock has a market cap of $11.81 billion, a PE ratio of 31.23 and a beta of 1.14. The stock has a 50-day moving average of $60.20 and a 200 day moving average of $56.34. Total System Services has a 52 week low of $46.22 and a 52 week high of $64.94.

Total System Services (NYSE:TSS) last posted its quarterly earnings data on Tuesday, July 25th. The credit services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.80 by $0.05. The business had revenue of $844.07 million for the quarter, compared to analysts’ expectations of $842.57 million. Total System Services had a net margin of 8.78% and a return on equity of 25.49%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.74 EPS. Analysts anticipate that Total System Services will post $3.28 EPS for the current fiscal year.

In other news, Director Richard W. Ussery sold 48,000 shares of the company’s 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 sale, the director now directly owns 219,968 shares of the company’s stock, valued at approximately $13,019,905.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Philip W. Tomlinson sold 220,974 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $63.65, for a total transaction of $14,064,995.10. Following the sale, the director now directly owns 326,200 shares in the company, valued at $20,762,630. The disclosure for this sale can be found here. Insiders sold a total of 287,446 shares of company stock worth $18,074,469 over the last ninety days. Insiders own 2.60% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Regentatlantic Capital LLC increased its stake in shares of Total System Services by 0.4% in the second quarter. Regentatlantic Capital LLC now owns 4,756 shares of the credit services provider’s stock valued at $277,000 after buying an additional 19 shares during the period. OLD National Bancorp IN increased its stake in shares of Total System Services by 0.6% in the second quarter. OLD National Bancorp IN now owns 3,882 shares of the credit services provider’s stock valued at $226,000 after buying an additional 25 shares during the period. Capital Investment Advisors LLC increased its stake in shares of Total System Services by 0.3% in the second quarter. Capital Investment Advisors LLC now owns 18,983 shares of the credit services provider’s stock valued at $1,106,000 after buying an additional 54 shares during the period. Stratos Wealth Partners LTD. increased its stake in shares of Total System Services by 1.4% in the second quarter. Stratos Wealth Partners LTD. now owns 4,445 shares of the credit services provider’s stock valued at $259,000 after buying an additional 60 shares during the period. Finally, Jaffetilchin Investment Partners LLC increased its stake in shares of Total System Services by 1.5% in the first quarter. Jaffetilchin Investment Partners LLC now owns 4,550 shares of the credit services provider’s stock valued at $243,000 after buying an additional 68 shares during the period. 75.21% of the stock is currently owned by 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.