KeyCorp Reiterates “Buy” Rating for Total System Services (TSS)

Total System Services (NYSE:TSS)‘s stock had its “buy” rating reaffirmed by equities research analysts at KeyCorp in a report released on Friday. They presently have a $85.00 price target on the credit services provider’s stock. KeyCorp’s price target would indicate a potential upside of 9.24% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. Stifel Nicolaus reiterated a “hold” rating and set a $75.00 price objective (up previously from $69.00) on shares of Total System Services in a research report on Wednesday, October 25th. Zacks Investment Research upgraded Total System Services from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a research report on Tuesday, September 19th. Jefferies Group reissued a “hold” rating and set a $59.00 target price on shares of Total System Services in a research note on Thursday, October 12th. Barclays raised their target price on Total System Services from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 25th. Finally, Robert W. Baird reissued a “buy” rating on shares of Total System Services in a research note on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $71.16.

Total System Services (TSS) opened at $77.81 on Friday. Total System Services has a 1 year low of $48.65 and a 1 year high of $77.87. The company has a market capitalization of $14,088.13, a P/E ratio of 24.40, a P/E/G ratio of 1.88 and a beta of 1.10. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.03 and a current ratio of 1.03.

Total System Services (NYSE:TSS) last announced its quarterly earnings data on Tuesday, October 24th. The credit services provider reported $0.88 EPS for the quarter, topping 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 firm had revenue of $852.80 million for the quarter, compared to the consensus estimate of $842.30 million. During the same quarter last year, the business posted $0.71 earnings per share. The firm’s revenue was up 8.0% compared to the same quarter last year. analysts forecast that Total System Services will post 3.2 EPS for the current year.

In other news, EVP Patricia A. Watson sold 23,608 shares of Total System Services stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $74.01, for a total value of $1,747,228.08. Following the completion of the sale, the executive vice president now directly owns 21,112 shares of the company’s stock, valued at $1,562,499.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.60% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Parametric Portfolio Associates LLC grew its stake in shares of Total System Services by 4.7% in the third quarter. Parametric Portfolio Associates LLC now owns 199,363 shares of the credit services provider’s stock valued at $13,058,000 after buying an additional 8,868 shares in the last quarter. Visionary Asset Management Inc. acquired a new stake in shares of Total System Services in the third quarter valued at $399,000. IFM Investors Pty Ltd acquired a new position in Total System Services during the 3rd quarter worth $377,000. Sterling Capital Management LLC grew its stake in Total System Services by 1,366.8% during the 3rd quarter. Sterling Capital Management LLC now owns 300,170 shares of the credit services provider’s stock worth $19,661,000 after purchasing an additional 279,706 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its stake in Total System Services by 90.9% during the 3rd quarter. Neuberger Berman Group LLC now owns 319,843 shares of the credit services provider’s stock worth $20,950,000 after purchasing an additional 152,268 shares in the last quarter. 76.09% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Total System Services (NYSE:TSS)

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