Northcoast Research Brokers Raise Earnings Estimates for Total System Services, Inc. (TSS)

Total System Services, Inc. (NYSE:TSS) – Investment analysts at Northcoast Research increased their FY2018 earnings estimates for shares of Total System Services in a research report issued to clients and investors on Wednesday, October 24th, Zacks Investment Research reports. Northcoast Research analyst K. Mehta now expects that the credit services provider will post earnings of $4.25 per share for the year, up from their previous estimate of $4.21. Northcoast Research also issued estimates for Total System Services’ Q4 2018 earnings at $1.00 EPS.

Total System Services (NYSE:TSS) last announced its earnings results on Tuesday, October 23rd. The credit services provider reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.07. The firm had revenue of $964.60 million for the quarter, compared to analyst estimates of $950.55 million. Total System Services had a net margin of 15.93% and a return on equity of 30.28%. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.88 EPS.

A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research raised shares of Total System Services from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research note on Thursday. Barclays assumed coverage on shares of Total System Services in a research note on Wednesday, November 14th. They set an “overweight” rating and a $113.00 target price on the stock. BMO Capital Markets lifted their target price on shares of Total System Services from $94.00 to $101.00 and gave the company a “market perform” rating in a research note on Thursday, October 25th. Nomura lifted their target price on shares of Total System Services from $107.00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday, October 24th. Finally, Wells Fargo & Co lifted their target price on shares of Total System Services from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, October 24th. Seven equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Total System Services has an average rating of “Buy” and an average price target of $96.53.

Shares of TSS traded up $0.44 during trading hours on Monday, reaching $83.79. 3,213,145 shares of the company traded hands, compared to its average volume of 1,498,853. The firm has a market capitalization of $15.21 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 1.39 and a beta of 1.21. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 1.47. Total System Services has a 12 month low of $71.70 and a 12 month high of $100.39.

In related news, EVP Dorenda K. Weaver sold 5,009 shares of the business’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $99.00, for a total transaction of $495,891.00. Following the sale, the executive vice president now owns 44,358 shares of the company’s stock, valued at $4,391,442. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.40% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its holdings in Total System Services by 4.9% in the third quarter. BlackRock Inc. now owns 12,662,032 shares of the credit services provider’s stock worth $1,250,251,000 after buying an additional 593,390 shares during the last quarter. FMR LLC raised its holdings in Total System Services by 3.0% in the third quarter. FMR LLC now owns 4,240,673 shares of the credit services provider’s stock worth $418,724,000 after buying an additional 121,831 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Total System Services by 56.5% in the second quarter. Janus Henderson Group PLC now owns 2,897,435 shares of the credit services provider’s stock worth $244,891,000 after buying an additional 1,045,842 shares during the last quarter. Pictet Asset Management Ltd. raised its holdings in Total System Services by 4.6% in the third quarter. Pictet Asset Management Ltd. now owns 2,179,003 shares of the credit services provider’s stock worth $215,155,000 after buying an additional 96,243 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Total System Services by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 1,240,196 shares of the credit services provider’s stock worth $104,822,000 after buying an additional 15,426 shares during the last quarter. 75.49% of the stock is owned by institutional investors and hedge funds.

About Total System Services

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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