Shares of Total System Services, Inc. (NYSE:TSS) have been assigned an average recommendation of “Buy” from the fourteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $121.00.
Several equities analysts recently issued reports on the company. Robert W. Baird set a $148.00 price target on Total System Services and gave the company a “buy” rating in a research note on Friday, July 19th. Barclays boosted their price target on Total System Services from $146.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, August 5th.
TSS remained flat at $$133.27 on Friday. The company had a trading volume of 7,594,626 shares, compared to its average volume of 1,089,859. Total System Services has a 1 year low of $75.58 and a 1 year high of $142.30. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 1.69. The company has a market cap of $23.59 billion, a price-to-earnings ratio of 31.28, a PEG ratio of 2.39 and a beta of 0.86. The business has a 50 day moving average of $133.76 and a two-hundred day moving average of $120.93.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.13 dividend. The ex-dividend date was Thursday, September 12th. This represents a $0.52 annualized dividend and a dividend yield of 0.39%. Total System Services’s dividend payout ratio is currently 12.21%.
In other news, CEO M Troy Woods sold 141,236 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $141.11, for a total value of $19,929,811.96. Following the sale, the chief executive officer now directly owns 426,249 shares in the company, valued at approximately $60,147,996.39. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Joia M. Johnson acquired 745 shares of the stock in a transaction dated Monday, September 16th. The stock was bought at an average price of $134.60 per share, for a total transaction of $100,277.00. Following the completion of the purchase, the director now owns 1,251 shares in the company, valued at approximately $168,384.60. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 195,587 shares of company stock worth $27,376,564. Corporate insiders own 2.00% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Macquarie Group Ltd. lifted its stake in shares of Total System Services by 198.4% in the 2nd quarter. Macquarie Group Ltd. now owns 39,203 shares of the credit services provider’s stock valued at $5,028,000 after purchasing an additional 26,067 shares during the period. Water Island Capital LLC acquired a new position in shares of Total System Services in the 2nd quarter valued at $5,084,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Total System Services by 30.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 39,800 shares of the credit services provider’s stock valued at $5,105,000 after purchasing an additional 9,322 shares during the period. Keudell Morrison Wealth Management acquired a new position in shares of Total System Services in the 2nd quarter valued at $2,774,000. Finally, Transamerica Financial Advisors Inc. acquired a new position in shares of Total System Services in the 2nd quarter valued at $223,000. Institutional investors own 78.32% of the company’s stock.
About Total System Services
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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