Total System Services (TSS) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research cut shares of Total System Services (NYSE:TSS) from a buy rating to a hold rating in a research note issued to investors on Friday morning. The brokerage currently has $88.00 price objective on the credit services provider’s stock.

According to Zacks, “Shares of Total System have outperformed its industry in last year. The company is set to benefit from its robust NetSpend business, while the TransFirst acquisition will support its merchant acquiring business. Numerous acquisitions made by the company have contributed to overall growth.  Following a strong performance in the first nine months of the year, the company raised its 2017 earnings guidance, which instills investors' confidence. Total System has strengthened its capital position by reducing debt to its targeted range. Resumption of share buyback is another positive. The stock has seen the Zacks Consensus Estimate for current-year earnings being revised 1.8% upward over the last 60 days. Nevertheless, exposure to foreign exchange volatility and investment expenses might weigh on the margins in the coming quarters.”

Several other brokerages also recently weighed in on TSS. Barclays upped 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. Robert W. Baird boosted their price target on Total System Services from $76.00 to $78.00 and gave the stock an outperform rating in a research report on Wednesday, October 25th. Keefe, Bruyette & Woods reiterated a buy rating and set a $91.00 price target on shares of Total System Services in a research report on Friday, December 22nd. Royal Bank of Canada reiterated a buy rating and set a $90.00 price target on shares of Total System Services in a research report on Thursday. Finally, Stifel Nicolaus cut Total System Services from a buy rating to a hold rating and set a $69.00 price target for the company. in a research report on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $73.42.

Total System Services (TSS) opened at $79.94 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $14,601.07, a P/E ratio of 25.29, a PEG ratio of 1.77 and a beta of 1.10. Total System Services has a 52 week low of $49.98 and a 52 week high of $80.51.

Total System Services (NYSE:TSS) last announced its earnings results on Tuesday, October 24th. The credit services provider reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.07. The business had revenue of $852.80 million during 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 business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 EPS. research analysts anticipate that Total System Services will post 3.2 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Thursday, December 21st were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.65%. The ex-dividend date was Wednesday, December 20th. 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 company’s 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 in the company, valued at approximately $1,562,499.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.60% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. Parametric Portfolio Associates LLC grew its holdings in Total System Services by 4.7% in the 3rd 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. purchased a new stake in Total System Services in the 3rd quarter valued at $399,000. IFM Investors Pty Ltd purchased a new stake in Total System Services in the 3rd quarter valued at $377,000. Sterling Capital Management LLC grew its holdings in Total System Services by 1,366.8% in the 3rd quarter. Sterling Capital Management LLC now owns 300,170 shares of the credit services provider’s stock valued at $19,661,000 after buying an additional 279,706 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its holdings in Total System Services by 90.9% in the 3rd quarter. Neuberger Berman Group LLC now owns 319,843 shares of the credit services provider’s stock valued at $20,950,000 after buying an additional 152,268 shares in the last quarter. Institutional investors own 75.93% of the company’s stock.

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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.

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