Total System Services (NYSE:TSS) Stock Rating Reaffirmed by Mizuho

Mizuho reissued their hold rating on shares of Total System Services (NYSE:TSS) in a research report report published on Monday, December 18th. The firm currently has a $80.00 price target on the credit services provider’s stock.

Several other equities analysts also recently weighed in on TSS. Royal Bank of Canada began coverage on Total System Services in a research report on Monday, August 28th. They set an outperform rating and a $75.00 target price on the stock. Robert W. Baird reaffirmed a buy rating on shares of Total System Services in a report on Tuesday, September 26th. Citigroup lifted their price target on Total System Services from $71.00 to $78.00 and gave the stock a buy rating in a research report on Wednesday, October 25th. Stephens reiterated an overweight rating and issued a $70.00 price target on shares of Total System Services in a research report on Tuesday, September 26th. Finally, Bank of America initiated coverage on Total System Services in a research report on Tuesday, September 12th. They set an underperform rating and a $64.00 target price for the company. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $74.04.

Shares of Total System Services (NYSE:TSS) traded up $0.69 during trading hours on Monday, hitting $82.18. The stock had a trading volume of 1,021,294 shares, compared to its average volume of 1,315,412. Total System Services has a 12-month low of $49.98 and a 12-month high of $82.41. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $15,140.00, a price-to-earnings ratio of 36.52, a P/E/G ratio of 1.79 and a beta of 1.10.

Total System Services (NYSE:TSS) last released its quarterly earnings results on Tuesday, October 24th. The credit services provider reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.07. The firm had revenue of $852.80 million for the quarter, compared to the consensus estimate of $842.30 million. Total System Services had a return on equity of 26.25% and a net margin of 8.73%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the business posted $0.71 EPS. analysts forecast that Total System Services will post 3.2 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Thursday, December 21st were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.63%. Total System Services’s payout ratio is currently 23.11%.

In other Total System Services news, EVP Patricia A. Watson sold 23,608 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were 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 of the company’s stock, valued at approximately $1,562,499.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of TSS. Ameriprise Financial Inc. increased its stake in Total System Services by 422.2% in the second quarter. Ameriprise Financial Inc. now owns 4,395,728 shares of the credit services provider’s stock valued at $256,053,000 after purchasing an additional 3,553,887 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Total System Services by 7,710.6% in the second quarter. Janus Henderson Group PLC now owns 1,735,118 shares of the credit services provider’s stock valued at $101,071,000 after acquiring an additional 1,712,903 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Total System Services by 5,111.9% in the third quarter. American Century Companies Inc. now owns 1,000,833 shares of the credit services provider’s stock valued at $65,555,000 after acquiring an additional 981,630 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Total System Services by 26.5% in the second quarter. Wells Fargo & Company MN now owns 3,222,462 shares of the credit services provider’s stock valued at $187,708,000 after acquiring an additional 675,452 shares in the last quarter. Finally, Prudential Financial Inc. boosted its holdings in Total System Services by 160.2% during the second quarter. Prudential Financial Inc. now owns 1,091,132 shares of the credit services provider’s stock worth $63,558,000 after buying an additional 671,800 shares in the last quarter. Institutional investors own 75.93% of the company’s stock.

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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.

Analyst Recommendations for Total System Services (NYSE:TSS)

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