Revenue Update on Total System Services(NYSE:TSS)

Total System Services(NYSE:TSS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $794.94M. Analysts estimated a revenue of $1.14B. Earnings per share were $0.74. Analysts had estimated an EPS of $0.72.

In a different note, On Jun 13, 2016, Citigroup said it Maintains its rating on Total System Services. In the research note, the firm Raises the price-target to $61.00 per share. The shares have been rated ‘Buy’ by the firm. 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.

Total System Services (TSS) shares turned negative on Fridays trading session with the shares closing down -1.38 points or -2.64% at a volume of 18,34,364. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $52.37. The peak price level was also seen at $52.37 while the days lowest was $50.731. Finally the shares closed at $50.92. The 52-week high of the shares is $56.69 while the 52-week low is $37.47. According to the latest information available, the market cap of the company is $9,350 M.

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.

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