Total System Services, Inc. (TSS) to Post FY2017 Earnings of $3.21 Per Share, Northcoast Research Forecasts

Total System Services, Inc. (NYSE:TSS) – Investment analysts at Northcoast Research lifted their FY2017 earnings per share estimates for Total System Services in a research note issued to investors on Wednesday. Northcoast Research analyst K. Mehta now anticipates that the credit services provider will earn $3.21 per share for the year, up from their previous forecast of $3.14. Northcoast Research also issued estimates for Total System Services’ Q4 2017 earnings at $0.77 EPS.

A number of other equities research analysts have also issued reports on the stock. Stephens upped their target price on shares of Total System Services from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, October 25th. Zacks Investment Research lowered shares of Total System Services from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Barclays PLC upped their target price on shares of Total System Services from $72.00 to $78.00 and gave the company an “overweight” rating in a research note on Wednesday, October 11th. Wells Fargo & Company upped their target price on shares of Total System Services from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, September 27th. Finally, Wedbush restated an “outperform” rating and issued a $72.00 target price on shares of Total System Services in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, nine have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Total System Services currently has an average rating of “Buy” and an average price target of $68.80.

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Shares of Total System Services (TSS) opened at 70.51 on Monday. The firm has a market capitalization of $12.99 billion, a PE ratio of 34.21 and a beta of 1.12. Total System Services has a 1-year low of $47.01 and a 1-year high of $71.63. The firm has a 50-day moving average price of $67.48 and a 200-day moving average price of $62.25.

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

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 value of $257,619.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Philip W. Tomlinson sold 220,974 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the director now owns 326,200 shares in the company, valued at approximately $20,762,630. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the business. Bronfman E.L. Rothschild L.P. increased its stake in shares of Total System Services by 13.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,959 shares of the credit services provider’s stock valued at $114,000 after purchasing an additional 228 shares during the period. Acrospire Investment Management LLC increased its stake in shares of Total System Services by 122.2% in the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the credit services provider’s stock valued at $117,000 after purchasing an additional 1,100 shares during the period. TLP Group LLC acquired a new stake in shares of Total System Services in the second quarter valued at approximately $122,000. Doyle Wealth Management acquired a new stake in shares of Total System Services in the second quarter valued at approximately $205,000. Finally, Texas Yale Capital Corp. acquired a new stake in shares of Total System Services in the second quarter valued at approximately $205,000. 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.

Earnings History and Estimates for Total System Services (NYSE:TSS)

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