|Bid||127.46 x 800|
|Ask||127.48 x 900|
|Day's Range||126.31 - 127.84|
|52 Week Range||75.58 - 130.62|
|Beta (3Y Monthly)||0.62|
|PE Ratio (TTM)||38.94|
|Forward Dividend & Yield||0.52 (0.42%)|
|1y Target Est||N/A|
Total System Services Inc NYSE:TSSView full report here! Summary * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for TSS with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting TSS. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold TSS had net inflows of $6.54 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Industrialsis falling. The rate of decline is very significant relative to the trend shown over the past year, and is accelerating. The rate of contraction may ease in the coming months, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
A broad set of related trends is fueling M&A activity, include continuing growth in e-commerce and a global shift from cash to electronic payments.
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San Francisco-based SpotOn Transact has big hiring plans after raising $40 million, especially in its rapidly growing services for restaurants. The latest financing round was led by Franklin Venture Partners, the venture capital arm of San Mateo-based Franklin Templeton and its parent Franklin Resources Inc. (NYSE: BEN). The financing included “significant participation” from Dragoneer Investment Group, which previously invested in Airbnb, Square (NYSE: SQ), Slack, ServiceNow (NYSE: NOW) and Uber (NYSE: UBER), among others.
Transactions are at the heart of what Global Payments Inc. (NYSE: GPN) does. “We do a lot of deals,” Sloan said during an interview on the Atlanta Business Chronicle’s BIZ television show. “Part of the reason we do a lot of deals is to add products, geographies, employee talent that we otherwise might not have if we didn’t do those things.” Global Payments provides financial technology, software and services that enable merchants to take various types of payments on a growing list of devices.
The $21.5 billion blockbuster deal makes it the third-largest in fintech history. Three of the four largest such deals have taken place this year. What's going on?
Guggenheim analyst Jeff Cantwell upgraded shares of Global Payments Inc. to buy from neutral on Thursday, following the company's announcement from earlier in the week that it would be acquiring Total System Services Inc. in an all-stock deal. "The bottom line is we believe this deal is a smart strategic decision by Global Payments," he wrote. "We've long had the view that TSYS' Issuer business is best-in-class, and we also have had a highly positive view of TSYS' Merchant Solutions business." Cantwell said that the deal could give the combined company a greater footprint in verticals like specialty retail. Global Payments shares are up 0.8% in Thursday morning trading, and they've gained 44% so far this year as the S&P 500 has risen 11%.
The Zacks Analyst Blog Highlights: Global Payments, Total System, LexinFintech, Intuit and PayPal
The financial-technology merger frenzy continued on Tuesday, as Global Payments Inc. officially announced a $21.5 billion all-stock deal with Total System Services Inc.
The deal is part of an M&A boom in the payments industry. The payments industry has taken off, as credit and debit card usage keeps rising. —to remain eligible for wholesale orders from Amazon, according to Bloomberg.
Under terms of the deal, Global Payments will pay Total System shareholders 0.8101 in Global Payments shares for each common share they own. The stock was up 4.83% to close at $118.84 on Tuesday on the New York Stock Exchange. Global Payments CEO Jeff Sloan will lead the combined company following the completion of the transaction, which is expected to close in the fourth quarter.
Global Payments and TSS agreed to merge in a deal valued at $21.5 billion. TSS stock rose on the deal combining fintech companies. Global Payments slipped.
One analyst says the Global Payments-Tsys merger is more of a defensive move than an offensive one.
Shortly after his major merger announcement, Global Payments CEO Jeff Sloan spoke with CNBC about the combined company's future plans, and the importance of "scale" in fintech.
The payments M&A boom keeps rolling on, with Global Payments and Total Systems Services announcing a merger of equals Tuesday morning.
Moody's Investors Service ("Moody's") affirmed Total System Services, Inc.'s ("TSYS") senior unsecured rating of Baa3 following TSYS's announcement that it has agreed to merge with Global Payments, Inc. ("Global Payments", Ba2 rating on review for upgrade) in an all-stock transaction which is expected to close in the second half of 2019. Global Payments will be the surviving parent company following the merger.
Moody's Investors Service ("Moody's") placed the credit ratings of Global Payments Inc. ("Global Payments") under review for upgrade, including the Ba2 Corporate Family Rating ("CFR") and Ba2 senior secured credit facility rating. This rating action follows the announcement of an agreement by Global Payments to merge with Total System Services, Inc ("TSYS", Baa3 stable) in an all-stock transaction which is expected to close in the second half of 2019.
Yahoo Finance's Dan Roberts, Myles Udland and Melody Hahm speak to Cameron Bready, Global Payments CFO.