Total System Services, Inc. (NYSE:TSS) Plans Dividend Increase – $0.13 Per Share
Total System Services, Inc. (NYSE:TSS) declared a quarterly dividend on Tuesday, July 25th, RTT News reports. Investors of record on Friday, September 29th will be paid a dividend of 0.13 per share by the credit services provider on Monday, October 2nd. This represents a $0.52 annualized dividend and a dividend yield of 0.83%. This is an increase from Total System Services’s previous quarterly dividend of $0.10.
Total System Services has increased its dividend payment by an average of 10.1% annually over the last three years. Total System Services has a payout ratio of 13.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Total System Services to earn $3.53 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 11.3%.
Total System Services (NYSE:TSS) traded up 0.80% during trading on Tuesday, reaching $62.90. The company’s stock had a trading volume of 1,713,988 shares. The company’s 50-day moving average is $59.48 and its 200-day moving average is $55.89. The stock has a market cap of $11.58 billion, a PE ratio of 34.69 and a beta of 1.13. Total System Services has a 12 month low of $46.22 and a 12 month high of $63.74.
Total System Services (NYSE:TSS) last announced its earnings results on Tuesday, April 25th. The credit services provider reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.02. Total System Services had a return on equity of 25.16% and a net margin of 7.86%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the firm earned $0.66 earnings per share. Total System Services’s quarterly revenue was up 62.3% on a year-over-year basis. Equities analysts expect that Total System Services will post $3.24 EPS for the current fiscal year.
A number of analysts recently issued reports on TSS shares. Guggenheim started coverage on Total System Services in a research note on Thursday, March 30th. They set a “buy” rating and a $62.00 price objective on the stock. Instinet boosted their price objective on Total System Services from $61.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, June 6th. Stifel Nicolaus set a $65.00 price objective on Total System Services and gave the company a “buy” rating in a research note on Wednesday, April 26th. Zacks Investment Research upgraded Total System Services from a “sell” rating to a “buy” rating and set a $59.00 price objective on the stock in a research note on Wednesday, April 12th. Finally, Goldman Sachs Group, Inc. (The) upgraded Total System Services from a “neutral” rating to a “buy” rating in a research note on Monday, May 15th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $61.89.
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In related news, Director Richard W. Ussery sold 48,000 shares of Total System Services stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $59.19, for a total value of $2,841,120.00. Following the completion of the transaction, the director now owns 219,968 shares in the company, valued at $13,019,905.92. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman M Troy Woods sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $57.30, for a total value of $372,450.00. Following the transaction, the chairman now owns 285,966 shares of the company’s stock, valued at approximately $16,385,851.80. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.
Total System Services Company Profile
Total System Services, Inc (TSYS) is a payment solutions provider that provides payment processing services, merchant services and related payment services to financial and non-financial institutions. The Company’s segments include North America Services, Merchant Services, NetSpend and International Services.
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