What Can Investors Expect From Total System Services (NYSE:TSS) Shares After Credit Suisse’s New Coverage?


How Credit Suisse Currently Rates Total System Services (NYSE:TSS)

In a recent research report released on Friday, 11 December, investment advisers at Credit Suisse started coverage on Total System Services (NYSE:TSS) shares. The financial company issued a key Underperform rating for TSS stock.

From a total of 16 analysts covering Total System Services (NYSE:TSS) stock, 5 rate it a ”Buy”, 1 a “Sell”, and 14 a ”Hold”. This means that 25% of the ratings are positive. The highest target price is $61 while the lowest target price is $45. The mean of all analyst targets is $53.06 with a -0.98% below today’s ($54.2) stock price. Total System Services was the topic of 12 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Topeka Capital Markets maintained shares on October 28 with “Hold” rating. Robert W. Baird downgraded TSS stock in a recent report from July 30 to “Neutral” rating.

Approximately 555,986 shares of stock traded hands. Total System Services, Inc. (NYSE:TSS) has risen 36.44% since May 8, 2015 and is uptrending. It has outperformed by 39.46% the S&P500.

The overall sentiment of institutions has increased to 1.33 in Q2 2015. Its up 0.20, from 1.13 in 2015Q2. The ratio increased, as 23 institutions have sold all the shares of Total System Services, Inc. that they owned while 130 funds have taken shares off the table. 56 funds have purchased shares for the first time while 147 added to their positions. These institutions now hold 117.97 million shares or 10.75% less than the 132.17 million shares they owned in 2015Q2.

The Fund Synovus Financial Corp currently is holding shares equating to 17.3% of its total portfolio in Total System Services, Inc. representing a total of 14.39 million shares. Another fund,Value Holdings Lp, is holding a total of 340,206 shares equating to 11.19% of their holdings. Additionally, Springbank Value Partners Lp has a 126,500 share stake in Total System Services, Inc. which represents 11.02% of their total portfolio. The Fund, Bernzott Capital Advisors, based out of California, has also built up a stake in the stock, which represents a total of 4.08% of their total portfolio. Finally Qv Investors Inc., a fund which is based in the state of Alberta – Canada reported a total holdings of 623,555 shares.

Total System Services, Inc. is a global payment solutions well-known provider that provides services to financial and nonfinancial institutions. The company has a market cap of $10.29 billion. The Firm also provides processing services, acquiring solutions, related systems and integrated support services to merchant acquirers and merchants. It has 27.57 P/E ratio. In addition, it provides general purpose reloadable (GPR) prepaid and payroll cards, and alternative financial service solutions to the underbanked and other consumers.

According to Zacks Investment Research, “Total System Services provides global commerce solutions. The company facilitates the payment exchange between buyers and sellers. TSYS’ systems capture and deliver more of the right information to our clients allowing them to make wiser business decisions yielding portfolio growth more than twice the industry average. TSYS and its family of companies offer a full range of business services from credit application to collections, allowing the company’ clients to focus on building their brands while we focus on safety, security, ease and convenience.” Get a free copy of the Zacks research report on Total System Services, Inc. (TSS).