Morgan Stanley Boosts Total System Services (TSS) Price Target to $94.00

Total System Services (NYSE:TSS) had its price objective hoisted by equities research analysts at Morgan Stanley from $92.00 to $94.00 in a research report issued to clients and investors on Wednesday, July 25th. The brokerage currently has an “equal weight” rating on the credit services provider’s stock. Morgan Stanley’s price target points to a potential upside of 0.14% from the stock’s current price.

Several other equities research analysts have also recently commented on the stock. Citigroup lifted their price target on shares of Total System Services from $104.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, July 25th. Royal Bank of Canada reiterated a “buy” rating and set a $105.00 price target on shares of Total System Services in a research report on Wednesday, July 25th. KeyCorp lifted their price target on shares of Total System Services from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 25th. Zacks Investment Research upgraded shares of Total System Services from a “sell” rating to a “hold” rating in a research report on Monday, July 23rd. Finally, Wolfe Research began coverage on shares of Total System Services in a research report on Tuesday, July 17th. They set an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. Total System Services currently has an average rating of “Buy” and an average target price of $89.18.

Shares of NYSE TSS opened at $93.87 on Wednesday. Total System Services has a 1-year low of $62.81 and a 1-year high of $97.82. The company has a quick ratio of 0.97, a current ratio of 2.55 and a debt-to-equity ratio of 1.62. The stock has a market capitalization of $17.02 billion, a price-to-earnings ratio of 29.15, a P/E/G ratio of 1.52 and a beta of 1.14.

Total System Services (NYSE:TSS) last issued its quarterly earnings results on Tuesday, July 24th. The credit services provider reported $1.11 EPS for the quarter, topping the consensus estimate of $1.07 by $0.04. Total System Services had a net margin of 14.39% and a return on equity of 29.26%. The company had revenue of $956.55 million during the quarter, compared to analysts’ expectations of $936.79 million. During the same quarter in the previous year, the company earned $0.85 EPS. Total System Services’s revenue was up 13.3% on a year-over-year basis. equities research analysts anticipate that Total System Services will post 4.19 earnings per share for the current year.

In related news, EVP Patricia A. Watson sold 15,332 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $93.30, for a total transaction of $1,430,475.60. Following the completion of the transaction, the executive vice president now owns 30,743 shares in the company, valued at $2,868,321.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.40% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Piedmont Investment Advisors LLC bought a new position in Total System Services in the second quarter valued at approximately $159,000. Bray Capital Advisors bought a new position in Total System Services in the second quarter valued at approximately $177,000. Parametrica Management Ltd bought a new position in Total System Services in the first quarter valued at approximately $217,000. Eqis Capital Management Inc. bought a new position in Total System Services in the second quarter valued at approximately $231,000. Finally, ACG Wealth bought a new position in Total System Services in the second quarter valued at approximately $233,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Total System Services Company Profile

Total System Services, Inc provides payment processing, merchant, and related payment services to financial and nonfinancial institutions worldwide. The company operates through three segments: Merchant Solutions, Issuer Solutions, and Netspend. 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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