Total System Services (TSS) – Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of Total System Services (NYSE: TSS) recently:

  • 11/23/2018 – Total System Services was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 11/22/2018 – Total System Services was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $93.00 price target on the stock. According to Zacks, “Total System Services’ shares have outperformed the industry, in a year's time. Its strong organic revenue growth reflects exceptional execution of strategic goals. The company’s acquisition strategy complements its organic growth. Its favorable 2018 guidance investors’ optimism on the stock. The company has strengthened its capital position by reducing debt. A reduction in the tax rate also favors the company's margins and growth. Nevertheless, exposure to foreign exchange volatility and investment expenses are headwinds. Total System Services’ earnings per share of $1.16 surpassed the Zacks Consensus Estimate by 6.4% and surged nearly 32% year over year led by strong performances by all three segments.”
  • 11/21/2018 – Total System Services was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Total System Services’ shares have outperformed the industry, in a year's time. Its strong organic revenue growth reflects exceptional execution of strategic goals. The company’s acquisition strategy complements its organic growth. Its favorable 2018 guidance investors’ optimism on the stock. The company has strengthened its capital position by reducing debt. A reduction in the tax rate also favors the company's margins and growth. Nevertheless, exposure to foreign exchange volatility and investment expenses are headwinds. Total System Services’ earnings per share of $1.16 surpassed the Zacks Consensus Estimate by 6.4% and surged nearly 32% year over year led by strong performances by all three segments.”
  • 11/14/2018 – Total System Services is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $113.00 price target on the stock.
  • 10/26/2018 – Total System Services was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $102.00 price target on the stock. According to Zacks, “Total System Services’ earnings per share of $1.16 surpassed the Zacks Consensus Estimate by 6.4% and surged nearly 32% year over year led by strong performances by all three segments. Total System Services’ shares have outperformed the industry, in a year's time. Its strong organic revenue growth reflects exceptional execution of strategic goals. The company’s acquisition strategy complements its organic growth. Its favorable 2018 guidance investors’ optimism on the stock. The company has strengthened its capital position by reducing debt. A reduction in the tax rate also favors the company's margins and growth. Nevertheless, exposure to foreign exchange volatility and investment expenses are headwinds.”
  • 10/25/2018 – Total System Services had its price target raised by analysts at BMO Capital Markets from $94.00 to $101.00. They now have a “market perform” rating on the stock.
  • 10/24/2018 – Total System Services had its price target raised by analysts at KeyCorp from $100.00 to $110.00. They now have an “overweight” rating on the stock.
  • 10/24/2018 – Total System Services had its price target raised by analysts at Wells Fargo & Co from $100.00 to $105.00. They now have an “outperform” rating on the stock.
  • 10/24/2018 – Total System Services had its price target raised by analysts at Nomura from $107.00 to $109.00. They now have a “buy” rating on the stock.
  • 10/5/2018 – Total System Services had its price target raised by analysts at Citigroup Inc from $105.00 to $110.00. They now have a “buy” rating on the stock.

NYSE:TSS opened at $89.46 on Tuesday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.57 and a current ratio of 2.57. Total System Services, Inc. has a one year low of $72.55 and a one year high of $100.39. The company has a market cap of $15.94 billion, a P/E ratio of 27.78, a price-to-earnings-growth ratio of 1.45 and a beta of 1.20.

Total System Services (NYSE:TSS) last posted its earnings results on Tuesday, October 23rd. The credit services provider reported $1.16 EPS for the quarter, topping the consensus estimate of $1.09 by $0.07. Total System Services had a net margin of 15.93% and a return on equity of 30.28%. The business had revenue of $964.60 million for the quarter, compared to the consensus estimate of $950.55 million. During the same period last year, the company earned $0.88 EPS. The firm’s revenue was up 13.1% compared to the same quarter last year. On average, analysts expect that Total System Services, Inc. will post 4.25 earnings per share for the current fiscal year.

In related news, EVP Dorenda K. Weaver sold 5,009 shares of Total System Services stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $99.00, for a total transaction of $495,891.00. Following the sale, the executive vice president now directly owns 44,358 shares in the company, valued at approximately $4,391,442. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.40% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of TSS. Janus Henderson Group PLC boosted its position in Total System Services by 56.5% during the 2nd quarter. Janus Henderson Group PLC now owns 2,897,435 shares of the credit services provider’s stock worth $244,891,000 after buying an additional 1,045,842 shares during the period. BlackRock Inc. lifted its position in shares of Total System Services by 4.9% in the 3rd quarter. BlackRock Inc. now owns 12,662,032 shares of the credit services provider’s stock worth $1,250,251,000 after purchasing an additional 593,390 shares during the period. Renaissance Technologies LLC lifted its position in shares of Total System Services by 699.1% in the 3rd quarter. Renaissance Technologies LLC now owns 393,665 shares of the credit services provider’s stock worth $38,870,000 after purchasing an additional 344,400 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Total System Services by 53.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 885,306 shares of the credit services provider’s stock worth $87,416,000 after purchasing an additional 307,042 shares during the period. Finally, Canada Pension Plan Investment Board lifted its position in shares of Total System Services by 2,822,000.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 282,210 shares of the credit services provider’s stock worth $27,865,000 after purchasing an additional 282,200 shares during the period. Institutional investors and hedge funds own 76.98% of the company’s stock.

Total System Services, Inc provides payment processing, merchant, and related payment services to financial and nonfinancial institutions worldwide. The company operates through three segments: Merchant Solutions, Issuer Solutions, and Netspend. It offers general purpose reloadable prepaid and payroll cards, demand deposit accounts, and other financial service solutions to the underbanked and other consumers and businesses.

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