Total System weakness a buying opportunity, says RW Baird Baird would use the expected weakness following Q4 results in Total System shares as a buying opportunity. The firm said their core thesis remains unchanged citing new contract wins, abating headwinds, and strong free cash flow yield. Shares are Outperform rated and price target lowered to $38 from $40.
TSYS extends payments agreement with Banco INVEX TSYS announced that it has extended its payments agreement with Mexico’s Banco INVEX S.A. The multi-year agreement includes processing services for INVEX’s consumer and commercial credit card portfolios. As part of the agreement, TSYS will continue to provide INVEX with additional services such as data analytics, fraud prevention and risk management tools. Financial terms of the agreement were not disclosed.