Wedbush reissued their outperform rating on shares of Total System Services, Inc. (NYSE:TSS) in a report issued on Wednesday morning. They currently have a $72.00 target price on the credit services provider’s stock.

Other analysts have also issued research reports about the stock. Atlantic Securities restated a neutral rating and set a $59.00 target price on shares of Total System Services in a research report on Wednesday, April 12th. First Analysis lowered shares of Total System Services from an overweight rating to an equal weight rating and raised their target price for the stock from $60.00 to $63.00 in a research report on Wednesday, May 3rd. They noted that the move was a valuation call. Barclays PLC raised their target price on shares of Total System Services from $65.00 to $67.00 and gave the stock an overweight rating in a research report on Thursday, May 25th. Instinet raised their target price on shares of Total System Services from $61.00 to $66.00 and gave the stock a buy rating in a research report on Tuesday, June 6th. Finally, Mizuho assumed coverage on shares of Total System Services in a research report on Tuesday, June 27th. They set a neutral rating and a $63.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Total System Services has a consensus rating of Buy and an average price target of $63.85.

Total System Services (TSS) traded down 0.58% during mid-day trading on Wednesday, hitting $63.06. 945,197 shares of the stock traded hands. The company has a market cap of $11.62 billion, a price-to-earnings ratio of 30.60 and a beta of 1.14. The stock’s 50 day moving average is $61.27 and its 200-day moving average is $56.87. Total System Services has a 12 month low of $46.22 and a 12 month high of $64.94.

Total System Services (NYSE:TSS) last announced its earnings results on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.05. Total System Services had a net margin of 8.78% and a return on equity of 25.49%. The firm had revenue of $844.07 million for the quarter, compared to analyst estimates of $842.57 million. During the same quarter last year, the business earned $0.74 earnings per share. Total System Services’s revenue was up 6.2% compared to the same quarter last year. On average, equities research analysts anticipate that Total System Services will post $3.28 EPS for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 29th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Wednesday, September 20th. This is an increase from Total System Services’s previous quarterly dividend of $0.10. Total System Services’s dividend payout ratio (DPR) is currently 19.51%.

In related news, Director Philip W. Tomlinson sold 220,974 shares of Total System Services stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $63.65, for a total transaction of $14,064,995.10. Following the sale, the director now owns 326,200 shares of the company’s stock, valued at approximately $20,762,630. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard W. Ussery sold 48,000 shares of Total System Services stock in a transaction on Monday, June 12th. The stock was sold at an average price of $59.19, for a total transaction of $2,841,120.00. Following the sale, the director now directly owns 219,968 shares in the company, valued at approximately $13,019,905.92. The disclosure for this sale can be found here. In the last three months, insiders sold 287,446 shares of company stock worth $18,074,469. Insiders own 2.60% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. increased its stake in Total System Services by 13.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,959 shares of the credit services provider’s stock valued at $114,000 after buying an additional 228 shares during the period. Acrospire Investment Management LLC increased its stake in Total System Services by 122.2% in the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the credit services provider’s stock valued at $117,000 after buying an additional 1,100 shares during the period. TLP Group LLC purchased a new stake in Total System Services during the second quarter valued at about $122,000. Advisory Services Network LLC purchased a new stake in Total System Services during the first quarter valued at about $169,000. Finally, Pacer Advisors Inc. increased its stake in Total System Services by 3.4% in the first quarter. Pacer Advisors Inc. now owns 3,597 shares of the credit services provider’s stock valued at $192,000 after buying an additional 119 shares during the period. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Total System Services (NYSE:TSS)

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