Total System Services (TSS) Rating Lowered to Hold at Zacks Investment Research

Total System Services (NYSE:TSS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday.

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 and Cayan 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 2018 earnings being revised 1.7% upward over the last 90 days. Nevertheless, exposure to foreign exchange volatility and investment expenses might weigh on the margins in the coming quarters.”

Other equities research analysts also recently issued research reports about the stock. Stifel Nicolaus reissued a “hold” rating and issued a $75.00 target price (up previously from $69.00) on shares of Total System Services in a research note on Wednesday, October 25th. Evercore ISI raised shares of Total System Services from an “in-line” rating to an “outperform” rating in a research note on Wednesday. Stephens reissued a “buy” rating and issued a $88.00 target price on shares of Total System Services in a research note on Wednesday. Jefferies Group reissued a “hold” rating and issued a $59.00 target price on shares of Total System Services in a research note on Thursday, October 12th. Finally, Barclays increased their target price on shares of Total System Services from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Total System Services presently has a consensus rating of “Buy” and a consensus price target of $74.04.

Shares of Total System Services (NYSE TSS) opened at $82.00 on Friday. Total System Services has a 12 month low of $49.98 and a 12 month high of $82.57. The firm has a market cap of $15,075.37, a price-to-earnings ratio of 36.44, a PEG ratio of 1.83 and a beta of 1.10. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.02.

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, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.07. Total System Services had a net margin of 8.73% and a return on equity of 26.25%. The business had revenue of $852.80 million for the quarter, compared to the consensus estimate of $842.30 million. During the same quarter in the prior year, the firm posted $0.71 earnings per share. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. sell-side analysts expect that Total System Services will post 3.2 EPS for the current year.

In other Total System Services news, EVP Patricia A. Watson sold 23,608 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $74.01, for a total transaction of $1,747,228.08. Following the transaction, 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 hyperlink. 2.60% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of TSS. Janus Henderson Group PLC grew its holdings in Total System Services by 7,710.6% during the 2nd 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 in the last quarter. American Century Companies Inc. grew its holdings in Total System Services by 5,111.9% during the 3rd 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 in the last quarter. Goldman Sachs Group Inc. grew its holdings in Total System Services by 21.9% during the 2nd 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 in the last quarter. Lord Abbett & CO. LLC grew its holdings in Total System Services by 480.0% during the 2nd quarter. Lord Abbett & CO. LLC now owns 743,682 shares of the credit services provider’s stock worth $43,319,000 after acquiring an additional 615,470 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Total System Services by 84.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,303,965 shares of the credit services provider’s stock worth $75,956,000 after acquiring an additional 598,500 shares in the last quarter. Institutional investors own 75.93% of the company’s stock.

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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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