Equities research analysts at Royal Bank Of Canada started coverage on shares of Total System Services, Inc. (NYSE:TSS) in a research note issued to investors on Monday. The brokerage set an “outperform” rating and a $75.00 price target on the credit services provider’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 12.95% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Mizuho began coverage on shares of Total System Services in a report on Tuesday, June 27th. They issued a “neutral” rating and a $63.00 price objective for the company. Barclays PLC raised their price objective on shares of Total System Services from $65.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, May 25th. First Analysis lowered shares of Total System Services from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $60.00 to $63.00 in a report on Wednesday, May 3rd. They noted that the move was a valuation call. Instinet raised their price objective on shares of Total System Services from $61.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, June 6th. Finally, BMO Capital Markets raised their price objective on shares of Total System Services from $62.90 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, July 26th. Seven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $64.60.

Shares of Total System Services (TSS) opened at 66.40 on Monday. Total System Services has a 52 week low of $46.22 and a 52 week high of $67.51. The firm has a market cap of $12.23 billion, a price-to-earnings ratio of 32.22 and a beta of 1.14. The firm has a 50 day moving average of $63.19 and a 200 day moving average of $57.86.

Total System Services (NYSE:TSS) last issued its quarterly earnings data on Tuesday, July 25th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.05. The business had revenue of $844.07 million during the quarter, compared to analyst estimates of $842.57 million. Total System Services had a net margin of 8.78% and a return on equity of 25.49%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business earned $0.74 EPS. Equities analysts predict that Total System Services will post $3.28 earnings per share for the current fiscal year.

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In other news, CFO Paul M. Todd sold 4,057 shares of Total System Services stock in a transaction on Monday, August 14th. The shares were sold at an average price of $63.50, for a total value of $257,619.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 completion of the sale, the director now owns 326,200 shares of the company’s stock, valued at approximately $20,762,630. The disclosure for this sale can be found here. Insiders sold a total of 291,503 shares of company stock valued at $18,332,089 in the last quarter. 2.60% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Regentatlantic Capital LLC increased its stake in Total System Services by 0.4% in the second quarter. Regentatlantic Capital LLC now owns 4,756 shares of the credit services provider’s stock valued at $277,000 after buying an additional 19 shares during the last quarter. OLD National Bancorp IN increased its stake in Total System Services by 0.6% in the second quarter. OLD National Bancorp IN now owns 3,882 shares of the credit services provider’s stock valued at $226,000 after buying an additional 25 shares during the last quarter. Sentry Investment Management LLC increased its stake in Total System Services by 0.4% in the second quarter. Sentry Investment Management LLC now owns 11,216 shares of the credit services provider’s stock valued at $653,000 after buying an additional 44 shares during the last quarter. Capital Investment Advisors LLC increased its stake in Total System Services by 0.3% in the second quarter. Capital Investment Advisors LLC now owns 18,983 shares of the credit services provider’s stock valued at $1,106,000 after buying an additional 54 shares during the last quarter. Finally, Stratos Wealth Partners LTD. increased its stake in Total System Services by 1.4% in the second quarter. Stratos Wealth Partners LTD. now owns 4,445 shares of the credit services provider’s stock valued at $259,000 after buying an additional 60 shares during the last quarter. Institutional investors own 76.12% of the company’s stock.

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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