Total System Services (NYSE:TSS) was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $38.00 target price on the stock, up from their previous target price of $35.00. Robert W. Baird’s target price would suggest a potential upside of 23.42% from the stock’s previous close.
In other Total System Services news, COO M Troy Woods sold 208,692 shares of Total System Services stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $31.20, for a total value of $6,511,190.40. Following the transaction, the chief operating officer now directly owns 265,438 shares of the company’s stock, valued at approximately $8,281,666. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Total System Services (NYSE:TSS) opened at 30.79 on Tuesday. Total System Services has a 1-year low of $21.10 and a 1-year high of $31.52. The stock has a 50-day moving average of $30.4 and a 200-day moving average of $27.53. The company has a market cap of $5.843 billion and a price-to-earnings ratio of 24.28.
Total System Services (NYSE:TSS) last released its earnings data on Tuesday, October 22nd. The company reported $0.49 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.46 by $0.03. The company had revenue of $588.07 million for the quarter, compared to the consensus estimate of $587.13 million. During the same quarter last year, the company posted $0.32 earnings per share. Total System Services’s revenue was up 25.6% compared to the same quarter last year. On average, analysts predict that Total System Services will post $1.72 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, January 2nd. Shareholders of record on Thursday, December 19th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.30%.
A number of other analysts have also recently weighed in on TSS. Analysts at Jefferies Group raised their price target on shares of Total System Services from $28.00 to $30.00 in a research note to investors on Monday, October 28th. They now have a “hold” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Total System Services from $30.00 to $34.00 in a research note to investors on Thursday, October 24th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Total System Services in a research note to investors on Thursday, October 24th. They now have a $32.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $31.94.
Total System Services, Inc (NYSE:TSS), is a global payment solutions provider that provides services to financial and nonfinancial institutions.
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