Robert W. Baird Sticks to Its Buy Rating for Total System Services

By Jason Carr

Robert W. Baird analyst David Koning reiterated a Buy rating on Total System Services (NYSE: TSS) yesterday and set a price target of $98. The company’s shares closed yesterday at $85.61, close to its 52-week high of $90.74.

According to, Koning is a 5-star analyst with an average return of 16.4% and a 78.4% success rate. Koning covers the Technology sector, focusing on stocks such as Exlservice Holdings, Global Payments Inc, and Infosys Limited.

Currently, the analyst consensus on Total System Services is Moderate Buy and the average price target is $94, representing a 9.8% upside.

In a report issued on April 22, KeyBanc also reiterated a Buy rating on the stock with a $96 price target.

The company has a one-year high of $90.74 and a one-year low of $53.69. Currently, Total System Services has an average volume of 1.26M.

Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. Last month, Dorenda Weaver, the EVP & CAO of TSS sold 24,160 shares for a total of $2,176,888.

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Total System Services, Inc. provides electronic payment processing services to banks and other financial institutions. It operates through the following segments: Issuer Solutions, Merchant Solutions, Netspend, and Corporate Administration and Other.