Goldman Sachs Initiates Coverage on Total System Services to Sell

Goldman Sachs Initiates Coverage on Total System Services(NYSE:TSS). The shares have been rated Sell. The rating by Goldman Sachs was issued on Apr 13, 2016.

In a different note, On Mar 3, 2016, CLSA said it Upgrades its rating on Total System Services. The shares have been rated ‘Outperform’ by the firm. On Jan 27, 2016, First Analysis said it Downgrades its rating on Total System Services. The shares have been rated ‘Equal-weight’ by the firm.

Total System Services (TSS) made into the market gainers list on Fridays trading session with the shares advancing 0.65% or 0.32 points. Due to strong positive momentum, the stock ended at $49.67, which is also near the day’s high of $49.83. The stock began the session at $49.42 and the volume stood at 10,90,294 shares. The 52-week high of the shares is $56.69 and the 52 week low is $37.47. The company has a current market capitalization of $9,098 M and it has 18,31,68,800 shares in outstanding.

Total System Services(TSS) last announced its earnings results on Jan 26, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $716.84M. Analysts had an estimated revenue of $691.87M. Earnings per share were $0.57. Analysts had estimated an EPS of $0.61.

Several Insider Transactions has been reported to the SEC. On Feb 4, 2016, Kriss Iii Cloninger (director) purchased 3,000 shares at $38.80 per share price.Also, On Feb 2, 2016, Sidney E Harris (director) purchased 600 shares at $39.71 per share price.On Jan 29, 2016, James H Blanchard (director) purchased 12,500 shares at $40.01 per share price, according to the Form-4 filing with the securities and exchange commission.

Total System Services Inc. (TSYS) is a global payment solutions provider that provides services to financial and nonfinancial institutions. The Company also provides processing services acquiring solutions related systems and integrated support services to merchant acquirers and merchants. In addition it provides general purpose reloadable (GPR) prepaid and payroll cards and alternative financial service solutions to the underbanked and other consumers. Its operating segments include North America Services Merchant Services NetSpend and International Services. Through the Company’s North America Services and International Services segments TSYS processes information through its cardholder systems to financial and non-financial institutions. The Merchant Services segment includes electronic processing and other services provided to merchants and merchant acquirers. The NetSpend segment provides GPR prepaid debit and payroll cards and alternative financial service solutions.

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Total System Services - Is it time to Sell?

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