Goldman Sachs Group Upgrades Total System Services (TSS) to “Buy”

Total System Services (NYSE:TSS) was upgraded by investment analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research note issued on Wednesday, The Fly reports.

Several other research analysts have also recently commented on TSS. Zacks Investment Research upgraded shares of Total System Services from a “sell” rating to a “hold” rating in a report on Friday, February 22nd. KeyCorp raised their target price on shares of Total System Services from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Wednesday, January 30th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $99.07.

Shares of TSS opened at $98.77 on Wednesday. Total System Services has a one year low of $75.58 and a one year high of $100.39. The stock has a market capitalization of $17.67 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 1.77 and a beta of 1.11. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 1.50.

Total System Services (NYSE:TSS) last announced its earnings results on Tuesday, January 29th. The credit services provider reported $1.08 EPS for the quarter, topping the consensus estimate of $1.01 by $0.07. Total System Services had a net margin of 14.31% and a return on equity of 30.94%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $968.62 million. As a group, analysts anticipate that Total System Services will post 4.62 earnings per share for the current fiscal year.

In related news, EVP G Sanders Griffith III sold 11,273 shares of the firm’s stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $91.23, for a total transaction of $1,028,435.79. Following the completion of the sale, the executive vice president now directly owns 192,324 shares in the company, valued at $17,545,718.52. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Paul M. Todd sold 10,739 shares of the firm’s stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $91.23, for a total transaction of $979,718.97. Following the sale, the chief financial officer now owns 62,891 shares of the company’s stock, valued at $5,737,545.93. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 109,640 shares of company stock valued at $10,098,506. 2.00% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund lifted its stake in Total System Services by 6,655.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,932,374 shares of the credit services provider’s stock valued at $36,000 after acquiring an additional 2,888,967 shares during the last quarter. Northern Trust Corp lifted its stake in Total System Services by 1.9% in the fourth quarter. Northern Trust Corp now owns 2,335,661 shares of the credit services provider’s stock valued at $189,866,000 after acquiring an additional 42,739 shares during the last quarter. Geode Capital Management LLC lifted its stake in Total System Services by 7.9% in the fourth quarter. Geode Capital Management LLC now owns 2,151,897 shares of the credit services provider’s stock valued at $174,616,000 after acquiring an additional 157,929 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Total System Services by 101.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,785,380 shares of the credit services provider’s stock valued at $145,134,000 after acquiring an additional 900,074 shares during the last quarter. Finally, Norges Bank acquired a new stake in Total System Services in the fourth quarter valued at approximately $136,526,000. Hedge funds and other institutional investors own 80.53% of the company’s stock.

Total System Services Company Profile

Total System Services, Inc provides payment processing, merchant, and related payment services to financial and nonfinancial institutions worldwide. The company operates through three segments: Issuer Solutions, Merchant Solutions, and Consumer Solutions. 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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The Fly

Analyst Recommendations for Total System Services (NYSE:TSS)

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