Total System Services (TSS) was Upgraded by Wells Fargo to ” Outperform”. Earlier the firm had a rating of “Market Perform ” on the company shares. Wells Fargo advised their investors in a research report released on Apr 27, 2016.
Many Wall Street Analysts have commented on Total System Services. Company shares were Reiterated by Compass Point on Apr 27, 2016 to “Neutral”, Firm has raised the Price Target to $ 56 from a previous price target of $51 .Nomura Initiated Total System Services on Apr 20, 2016 to “Buy”, Price Target of the shares are set at $56.Compass Point Initiated Total System Services on Apr 15, 2016 to “Neutral”, Price Target of the shares are set at $51.
On the company’s financial health, Total System Services reported $0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.61. The company had revenue of $739.40 million for the quarter, compared to analysts expectations of $713.35 million. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.
Total System Services opened for trading at $50.35 and hit $51.2 on the upside on Friday, eventually ending the session at $51, with a gain of 0.63% or 0.32 points. The heightened volatility saw the trading volume jump to 17,05,773 shares. Company has a market cap of $9,342 M.
In a different news, on Feb 4, 2016, Kriss Iii Cloninger (director) purchased 3,000 shares at $38.80 per share price. According to the SEC, 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.