Total System Services, Inc. (TSS) PT Raised to $75.00

Total System Services, Inc. (NYSE:TSS) had its target price boosted by Stephens from $70.00 to $75.00 in a research report released on Wednesday morning, The Fly reports. Stephens currently has an overweight rating on the credit services provider’s stock.

A number of other equities analysts have also recently issued reports on the company. BMO Capital Markets increased their target price on Total System Services from $70.00 to $77.00 and gave the stock an outperform rating in a report on Wednesday. Robert W. Baird increased their target price on Total System Services from $76.00 to $78.00 and gave the stock an outperform rating in a report on Wednesday. Stifel Nicolaus reiterated a hold rating and set a $75.00 target price (up previously from $69.00) on shares of Total System Services in a report on Wednesday. Morgan Stanley increased their target price on Total System Services from $63.00 to $69.00 and gave the stock an equal weight rating in a report on Monday, October 23rd. Finally, Jefferies Group LLC reiterated a hold rating and set a $59.00 target price on shares of Total System Services in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and a consensus price target of $68.80.

Total System Services (NYSE TSS) traded down 0.28% during mid-day trading on Wednesday, reaching $70.51. The company had a trading volume of 1,533,939 shares. Total System Services has a 12 month low of $47.01 and a 12 month high of $71.63. The stock has a market cap of $12.99 billion, a PE ratio of 34.21 and a beta of 1.12. The firm’s 50-day moving average price is $67.48 and its 200-day moving average price is $62.25.

Total System Services (NYSE:TSS) last released its 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 during the quarter, compared to analysts’ expectations 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 was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 EPS. Equities research analysts forecast that Total System Services will post $3.29 EPS for the current fiscal year.

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In other Total System Services news, CFO Paul M. Todd sold 4,057 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $63.50, for a total transaction of $257,619.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Philip W. Tomlinson sold 220,974 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $63.65, for a total transaction of $14,064,995.10. Following the sale, the director now owns 326,200 shares of the company’s stock, valued at $20,762,630. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Synovus Financial Corp lifted its position in Total System Services by 1.0% during the second quarter. Synovus Financial Corp now owns 13,709,409 shares of the credit services provider’s stock worth $798,579,000 after acquiring an additional 134,998 shares during the last quarter. Nationwide Fund Advisors lifted its position in Total System Services by 21.4% during the second quarter. Nationwide Fund Advisors now owns 363,203 shares of the credit services provider’s stock worth $21,157,000 after acquiring an additional 64,038 shares during the last quarter. South Dakota Investment Council acquired a new stake in Total System Services during the second quarter worth approximately $711,000. Aviva PLC lifted its position in Total System Services by 10.6% during the second quarter. Aviva PLC now owns 106,880 shares of the credit services provider’s stock worth $6,227,000 after acquiring an additional 10,240 shares during the last quarter. Finally, Gotham Asset Management LLC lifted its position in Total System Services by 801.6% during the second quarter. Gotham Asset Management LLC now owns 114,449 shares of the credit services provider’s stock worth $6,667,000 after acquiring an additional 101,755 shares during the last quarter. Hedge funds and other institutional investors own 76.18% of the company’s stock.

About Total System Services

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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