KeyCorp Raises Total System Services (TSS) Price Target to $110.00

Total System Services (NYSE:TSS) had its price objective boosted by KeyCorp from $100.00 to $110.00 in a research note published on Wednesday, The Fly reports. They currently have an overweight rating on the credit services provider’s stock.

A number of other brokerages have also recently weighed in on TSS. Zacks Investment Research cut Total System Services from a buy rating to a hold rating in a research report on Tuesday, September 18th. BMO Capital Markets began coverage on Total System Services in a research report on Wednesday, September 26th. They issued a market perform rating and a $94.00 price target on the stock. Citigroup upped their price target on Total System Services from $105.00 to $110.00 and gave the company a buy rating in a research report on Friday, October 5th. UBS Group upgraded Total System Services from a market perform rating to an outperform rating in a research report on Thursday, September 6th. Finally, Oppenheimer upgraded Total System Services from a market perform rating to an outperform rating and set a $110.00 price target on the stock in a research report on Thursday, September 6th. Eight analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $94.95.

Shares of NYSE:TSS opened at $91.48 on Wednesday. Total System Services has a fifty-two week low of $70.04 and a fifty-two week high of $100.39. The firm has a market capitalization of $17.09 billion, a price-to-earnings ratio of 23.24, a P/E/G ratio of 1.50 and a beta of 1.17. The company has a current ratio of 2.57, a quick ratio of 2.55 and a debt-to-equity ratio of 1.47.



Total System Services (NYSE:TSS) last announced its quarterly 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. Total System Services had a return on equity of 30.28% and a net margin of 15.93%. The firm had revenue of $964.60 million for the quarter, compared to analysts’ expectations of $950.55 million. During the same period in the prior year, the business posted $0.88 earnings per share. The business’s revenue was up 13.1% compared to the same quarter last year. As a group, research analysts predict that Total System Services will post 4.21 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Thursday, September 20th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Wednesday, September 19th. Total System Services’s dividend payout ratio is currently 16.15%.

In other Total System Services news, EVP Dorenda K. Weaver sold 5,009 shares of the business’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $99.00, for a total value of $495,891.00. Following the transaction, 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 SEC, which is available through the SEC website. Also, EVP Patricia A. Watson sold 15,332 shares of the business’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $93.30, for a total value of $1,430,475.60. Following the completion of the transaction, the executive vice president now directly owns 30,743 shares in the company, valued at approximately $2,868,321.90. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Fort L.P. acquired a new position in shares of Total System Services during the second quarter valued at $119,000. Piedmont Investment Advisors LLC acquired a new position in shares of Total System Services during the second quarter valued at $159,000. CENTRAL TRUST Co lifted its stake in shares of Total System Services by 187.9% during the third quarter. CENTRAL TRUST Co now owns 1,647 shares of the credit services provider’s stock valued at $163,000 after acquiring an additional 1,075 shares during the period. Bray Capital Advisors acquired a new position in shares of Total System Services during the second quarter valued at $177,000. Finally, Pwmco LLC acquired a new position in shares of Total System Services during the third quarter valued at $222,000. 76.75% of the stock is currently 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.

Further Reading: Price to Earnings Ratio (PE) Basics

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