Total System Services, Inc. (NYSE:TSS) Receives Consensus Recommendation of “Buy” from Brokerages

Total System Services, Inc. (NYSE:TSS) has earned a consensus recommendation of “Buy” from the seventeen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $118.80.

TSS has been the subject of several research reports. Robert W. Baird set a $148.00 target price on Total System Services and gave the company a “buy” rating in a report on Friday, July 19th. Guggenheim downgraded Total System Services from a “buy” rating to a “neutral” rating in a report on Thursday, May 30th. ValuEngine raised Total System Services from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Barclays upped their price objective 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. Finally, Cowen downgraded Total System Services from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 29th.

Shares of Total System Services stock traded down $3.59 on Friday, hitting $127.45. The stock had a trading volume of 687,546 shares, compared to its average volume of 1,110,815. Total System Services has a 52-week low of $75.58 and a 52-week high of $138.66. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 1.69. The stock has a market cap of $23.24 billion, a price-to-earnings ratio of 29.92, a P/E/G ratio of 2.33 and a beta of 0.83. The company’s 50 day moving average price is $130.95 and its 200 day moving average price is $111.16.

Total System Services (NYSE:TSS) last posted its earnings results on Wednesday, July 31st. The credit services provider reported $1.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.06. Total System Services had a return on equity of 32.26% and a net margin of 15.03%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the business earned $1.11 EPS. The business’s quarterly revenue was up 2.8% on a year-over-year basis. Analysts predict that Total System Services will post 4.65 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its stake in shares of Total System Services by 3,637.1% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 11,611,460 shares of the credit services provider’s stock worth $1,489,402,000 after purchasing an additional 11,300,754 shares during the period. Magnetar Financial LLC lifted its stake in shares of Total System Services by 16,088.7% during the 2nd quarter. Magnetar Financial LLC now owns 1,746,766 shares of the credit services provider’s stock worth $224,058,000 after purchasing an additional 1,735,976 shares during the period. Suvretta Capital Management LLC purchased a new position in shares of Total System Services during the 2nd quarter worth $149,645,000. Nuveen Asset Management LLC lifted its stake in shares of Total System Services by 698.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,177,842 shares of the credit services provider’s stock worth $151,082,000 after purchasing an additional 1,030,396 shares during the period. Finally, Alpine Associates Management Inc. purchased a new position in shares of Total System Services in the 2nd quarter worth $93,509,000. 74.03% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Total System Services (NYSE:TSS)

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