Total System Services, Inc. (NYSE:TSS) updated its FY16 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.56-2.62 for the period, compared to the Thomson Reuters consensus estimate of $2.63, Market Beat reports. The company issued revenue guidance of $2.9-2.946 billion, compared to the consensus revenue estimate of $2.94 billion.

Several brokerages recently weighed in on TSS. Topeka Capital Markets raised their price target on shares of Total System Services from $43.00 to $48.00 and gave the company a hold rating in a research report on Wednesday, October 28th. Keefe, Bruyette & Woods raised their price target on shares of Total System Services from $47.00 to $55.00 and gave the company a market perform rating in a research report on Tuesday, November 3rd. Jefferies Group raised their price target on shares of Total System Services to $48.00 and gave the company a hold rating in a research report on Tuesday, November 3rd. Stephens cut shares of Total System Services from an overweight rating to an equal weight rating in a research report on Wednesday, October 28th. Finally, Cowen and Company reaffirmed a hold rating and issued a $52.00 price target (up previously from $50.00) on shares of Total System Services in a research report on Wednesday, October 28th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $48.44.

Total System Services, Inc. (NYSE:TSS) opened at 39.22 on Thursday. The company has a 50-day moving average of $49.00 and a 200-day moving average of $48.79. Total System Services, Inc. has a 1-year low of $34.93 and a 1-year high of $56.69. The stock has a market capitalization of $7.22 billion and a price-to-earnings ratio of 20.11.

Total System Services (NYSE:TSS) last announced its quarterly earnings data on Tuesday, January 26th. The company reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by $0.03. During the same quarter in the previous year, the business posted $0.58 EPS. The business had revenue of $716.80 million for the quarter, compared to analyst estimates of $691.87 million. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. Analysts anticipate that Total System Services, Inc. will post $2.63 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 4th. Shareholders of record on Thursday, December 17th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Tuesday, December 15th.

In other news, EVP G Sanders Griffith III sold 55,382 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $52.45, for a total transaction of $2,904,785.90. Following the sale, the executive vice president now owns 230,673 shares in the company, valued at $12,098,798.85. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Dorenda K. Weaver sold 5,601 shares of the stock in a transaction that occurred on Wednesday, November 11th. The shares were sold at an average price of $54.27, for a total transaction of $303,966.27. Following the sale, the chief accounting officer now owns 58,208 shares in the company, valued at approximately $3,158,948.16. The disclosure for this sale can be found here.

Total System Services, Inc. (NYSE:TSS) 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.

12 Month Chart for NYSE:TSS

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