Total System Services (TSS) Given “Buy” Rating at Royal Bank of Canada

Royal Bank of Canada restated their buy rating on shares of Total System Services (NYSE:TSS) in a report released on Thursday morning. Royal Bank of Canada currently has a $90.00 target price on the credit services provider’s stock.

TSS has been the subject of several other reports. Stephens raised their price objective on Total System Services from $70.00 to $75.00 and gave the stock an overweight rating in a research note on Wednesday, October 25th. Zacks Investment Research upgraded Total System Services from a hold rating to a buy rating and set a $86.00 price objective for the company in a research note on Friday, December 15th. Barclays lifted their price target on Total System Services from $72.00 to $78.00 and gave the company an overweight rating in a research report on Wednesday, October 11th. Morgan Stanley reiterated a hold rating on shares of Total System Services in a research report on Thursday, November 16th. Finally, Robert W. Baird lifted their price target on Total System Services from $76.00 to $78.00 and gave the company an outperform rating in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, fifteen 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 a consensus target price of $73.42.

Shares of Total System Services (TSS) traded up $0.52 during trading hours on Thursday, hitting $79.94. The stock had a trading volume of 1,466,254 shares, compared to its average volume of 1,068,276. Total System Services has a 1 year low of $49.98 and a 1 year high of $80.51. The stock has a market capitalization of $14,696.65, a PE ratio of 35.53, a price-to-earnings-growth ratio of 1.79 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 earnings per share (EPS) for the quarter, topping the 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 during the quarter, compared to analysts’ expectations of $842.30 million. During the same period last year, the business posted $0.71 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. research analysts expect that Total System Services will post 3.2 EPS for the current fiscal year.

The firm also recently disclosed 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 of this dividend was Wednesday, December 20th. Total System Services’s payout ratio is currently 23.11%.

In other news, EVP Patricia A. Watson sold 23,608 shares of Total System Services stock in a transaction that occurred 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 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.60% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of TSS. Ameriprise Financial Inc. boosted its stake in shares of 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 worth $256,053,000 after acquiring an additional 3,553,887 shares during the last quarter. Janus Henderson Group PLC boosted its stake 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 worth $101,071,000 after acquiring an additional 1,712,903 shares during the last quarter. American Century Companies Inc. boosted its stake 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 worth $65,555,000 after acquiring an additional 981,630 shares during the last quarter. Wells Fargo & Company MN boosted its stake 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 worth $187,708,000 after acquiring an additional 675,452 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Total System Services by 21.9% in the second quarter. Goldman Sachs Group Inc. now owns 3,610,449 shares of the credit services provider’s stock worth $210,308,000 after acquiring an additional 649,271 shares during the last quarter. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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