Shares of Total System Services, Inc. (NYSE:TSS) have received an average recommendation of “Buy” from the twenty research firms that are covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $100.07.
A number of research firms recently issued reports on TSS. Zacks Investment Research upgraded Total System Services from a “sell” rating to a “hold” rating in a report on Thursday, February 28th. Goldman Sachs Group upgraded Total System Services from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $98.00 to $115.00 in a report on Wednesday.
Shares of NYSE TSS traded up $0.45 during mid-day trading on Friday, reaching $100.54. 1,410,998 shares of the company’s stock were exchanged, compared to its average volume of 1,456,026. The firm has a market cap of $17.84 billion, a P/E ratio of 23.60, a P/E/G ratio of 1.79 and a beta of 1.11. The company has a debt-to-equity ratio of 1.50, a current ratio of 2.21 and a quick ratio of 2.21. Total System Services has a twelve month low of $75.58 and a twelve month high of $100.98.
The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Thursday, March 21st were paid a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $0.52 dividend on an annualized basis and a yield of 0.52%. Total System Services’s dividend payout ratio is 12.21%.
In other news, EVP G Sanders Griffith III sold 11,273 shares of Total System Services stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $91.23, for a total transaction of $1,028,435.79. Following the completion of the transaction, the executive vice president now directly owns 192,324 shares in the company, valued at approximately $17,545,718.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Patricia A. Watson sold 37,519 shares of Total System Services stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $93.79, for a total value of $3,518,907.01. Following the transaction, the executive vice president now owns 23,450 shares of the company’s stock, valued at $2,199,375.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 109,640 shares of company stock valued at $10,098,506. Corporate insiders own 2.00% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Oregon Public Employees Retirement Fund lifted its holdings in Total System Services by 6,655.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,932,374 shares of the credit services provider’s stock worth $36,000 after purchasing an additional 2,888,967 shares during the last quarter. Northern Trust Corp lifted its holdings in Total System Services by 1.9% during the 4th quarter. Northern Trust Corp now owns 2,335,661 shares of the credit services provider’s stock worth $189,866,000 after purchasing an additional 42,739 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Total System Services by 7.9% during the 4th quarter. Geode Capital Management LLC now owns 2,151,897 shares of the credit services provider’s stock worth $174,616,000 after purchasing an additional 157,929 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Total System Services by 101.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,785,380 shares of the credit services provider’s stock worth $145,134,000 after purchasing an additional 900,074 shares during the last quarter. Finally, Norges Bank acquired a new stake in Total System Services during the 4th quarter worth approximately $136,526,000. Institutional investors own 80.53% 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: 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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