Total System Services (TSS) Price Target Raised to $89.00
Total System Services (NYSE:TSS) had its price target raised by stock analysts at Morgan Stanley from $84.00 to $89.00 in a research note issued to investors on Wednesday, Marketbeat.com reports. The firm currently has a “hold” rating on the credit services provider’s stock. Morgan Stanley’s price target would indicate a potential upside of 1.17% from the company’s current price.
Several other research firms also recently issued reports on TSS. Zacks Investment Research raised Total System Services from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a report on Friday, December 15th. Barclays upped their price objective on Total System Services from $78.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, October 25th. Robert W. Baird upped their price objective on Total System Services from $76.00 to $78.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. Credit Suisse Group reiterated a “neutral” rating and set a $87.00 target price (up previously from $73.00) on shares of Total System Services in a research report on Wednesday, January 17th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $91.00 target price on shares of Total System Services in a research report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $81.46.
Total System Services (NYSE TSS) traded up $0.54 during trading hours on Wednesday, reaching $87.97. The company’s stock had a trading volume of 1,028,745 shares, compared to its average volume of 1,338,086. Total System Services has a 12-month low of $49.98 and a 12-month high of $89.26. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.09. The firm has a market cap of $16,351.28, a P/E ratio of 27.84, a price-to-earnings-growth ratio of 1.76 and a beta of 1.10.
In related news, Director Richard W. Ussery sold 7,546 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $88.29, for a total value of $666,236.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Patricia A. Watson sold 23,608 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $74.01, for a total transaction of $1,747,228.08. Following the completion of the sale, the executive vice president now owns 21,112 shares of the company’s stock, valued at approximately $1,562,499.12. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in TSS. Acadian Asset Management LLC acquired a new position in Total System Services in the 4th quarter worth $109,000. TLP Group LLC acquired a new position in Total System Services in the 2nd quarter worth $122,000. Parkwood LLC acquired a new position in Total System Services in the 3rd quarter worth $200,000. Cahaba Wealth Management Inc. acquired a new position in Total System Services in the 4th quarter worth $208,000. Finally, Reliance Trust Co. acquired a new position in Total System Services in the 3rd quarter worth $211,000. Institutional investors and hedge funds own 76.10% of the company’s stock.
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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.
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