Citigroup Maintains Total System Services to Buy with Price Target $63.00

Brokerage firm Citigroup Maintains its rating on Total System Services(NYSE:TSS). In a research note issued to the investors, the brokerage major Raises the price-target to $63.00 per share. The shares have been rated Buy. The rating by Citigroup was issued on Jun 13, 2016.

In a different note, On May 25, 2016, CLSA said it Downgrades its rating on Total System Services. The shares have been rated ‘Outperform’ by the firm. On May 6, 2016, Cowen & Company said it Upgrades its rating on Total System Services. The shares have been rated ‘Outperform’ by the firm. On Apr 27, 2016, Wells Fargo said it Upgrades its rating on Total System Services. The shares have been rated ‘Outperform’ by the firm. Nomura said it Initiates Coverage on Total System Services, according to a research note issued on Apr 19, 2016. The shares have been rated ‘Buy’ by the firm. Compass Point said it Initiates Coverage on Total System Services, according to a research note issued on Apr 15, 2016. The shares have been rated ‘Neutral’ by the firm.

Total System Services (TSS) made into the market gainers list on Fridays trading session with the shares advancing 0.10% or 0.05 points. Due to strong positive momentum, the stock ended at $52.4, which is also near the day’s high of $52.54. The stock began the session at $52.36 and the volume stood at 14,96,599 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 $9,621 M and it has 18,36,12,030 shares in outstanding.

Total System Services has also declared a cash dividend of $0.1000 on Jun 7, 2016. The shares will quote ex-dividend on Jun 21, 2016 and the record date has been fixed on Jun 23, 2016. The dividend payable date has been fixed on Jul 1, 2016.

Total System Services(TSS) last announced its earnings results on Apr 26, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $671.64M. Analysts had an estimated revenue of $705.36M. Earnings per share were $0.66. Analysts had estimated an EPS of $0.61.

Several Insider Transactions has been reported to the SEC. On May 26, 2016, Philip W Tomlinson (director) sold 38,000 shares at $53.93 per share price.Also, 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *