Total System Services (TSS) was Upgraded by First Analysis Sec to ” Overweight” and the brokerage firm has set the Price Target at $62. Earlier the firm had a rating of “Equal-Weight ” on the company shares. First Analysis Sec advised their investors in a research report released on Jul 28, 2016.
Many Wall Street Analysts have commented on Total System Services. Total System Services was Downgraded by Credit Agricole to ” Outperform” on May 25, 2016.
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 $51.4 and hit $52.32 on the upside on Thursday, eventually ending the session at $52.3, with a gain of 1.89% or 0.97 points. The heightened volatility saw the trading volume jump to 26,72,946 shares. Company has a market cap of $9,603 M.
In a different news, on May 26, 2016, Philip W Tomlinson (director) sold 38,000 shares at $53.93 per share price. According to the SEC, on May 20, 2016, Pamela A Joseph (COO) purchased 5,000 shares at $53.40 per share price. On May 19, 2016, M Troy Woods (Chairman and CEO) sold 680 shares at $53.22 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.