Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.Total System Services ( TSS) pushed the Financial Services industry higher today making it today's featured financial services winner. The industry as a whole was unchanged today. By the end of trading, Total System Services rose $0.37 (1.1%) to $32.70 on heavy volume. Throughout the day, 2,366,108 shares of Total System Services exchanged hands as compared to its average daily volume of 1,555,800 shares. The stock ranged in a price between $32.05-$32.80 after having opened the day at $32.20 as compared to the previous trading day's close of $32.33. Other companies within the Financial Services industry that increased today were: RCS Capital ( RCAP), up 6.8%, RENN Global Entrepreneurs Fund ( RCG), up 5.3%, Greenhill ( GHL), up 4.3% and Ladenburg Thalman Financial Services ( LTS), up 4.2%.
Total System Services, Inc. provides electronic payment processing services to banks and other financial institutions in the United States and internationally. It operates through four segments: North America Services, Merchant Services, International Services, and NetSpend. Total System Services has a market cap of $6.1 billion and is part of the financial sector. The company has a P/E ratio of 23.9, above the S&P 500 P/E ratio of 17.7. Shares are down 2.9% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate Total System Services a buy, no analysts rate it a sell, and 9 rate it a hold. TheStreet Ratings rates Total System Services as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.