Total System Services (NYSE:TSS) Releases Strong 2011 Guidance

Total System Services (NYSE:TSS) beat expectations in the fourth quarter, and with low exposure to Durbin and building out of international operations, had their EPS and PT raised by Susquehanna.

The company said, "TSS plans to continue to build out its international operations and its merchant acquiring business. The Durbin amendment should not have a negative impact as TSS is not a big debit card processor."

Susquehanna raised their full year 2011 EPS estimate from $1.03 to $1.09 released their FY12 estimate at $1.18.

They maintain their "Neutral" rating on Total System Services (TSS), which was trading at $18.00m, gaining $0.47, or 2.68 percent, as of 2:05 PM EST. Susquehanna boosted their price target on TSS from $15 to $17.50.