Total System Services, Inc. to Issue Quarterly Dividend of $0.13 (TSS)
Total System Services, Inc. (NYSE:TSS) declared a quarterly dividend on Monday, December 11th, RTT News reports. Investors of record on Thursday, December 21st will be given a dividend of 0.13 per share by the credit services provider on Tuesday, January 2nd. This represents a $0.52 annualized dividend and a yield of 0.68%.
Total System Services has raised its dividend payment by an average of 10.1% per year over the last three years. Total System Services has a dividend payout ratio of 16.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Total System Services to earn $3.49 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 14.9%.
Shares of Total System Services (TSS) traded up $0.65 during trading on Monday, reaching $76.58. 1,573,900 shares of the company’s stock traded hands, compared to its average volume of 1,265,316. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.02. Total System Services has a one year low of $48.65 and a one year high of $77.38. The company has a market cap of $14,078.94, a PE ratio of 24.39, a price-to-earnings-growth ratio of 1.88 and a beta of 1.10.
In related news, EVP Patricia A. Watson sold 23,608 shares of Total System Services stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $74.01, for a total value of $1,747,228.08. Following the completion of the sale, the executive vice president now directly owns 21,112 shares in the company, valued at approximately $1,562,499.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.60% of the stock is owned by company insiders.
Several research analysts have issued reports on TSS shares. Barclays increased their target price on shares of Total System Services from $78.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, October 25th. Robert W. Baird increased their target price on shares of Total System Services from $76.00 to $78.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. BidaskClub upgraded shares of Total System Services from a “buy” rating to a “strong-buy” rating in a report on Friday, August 18th. KeyCorp reiterated an “overweight” rating on shares of Total System Services in a report on Thursday, August 31st. Finally, Stifel Nicolaus cut shares of Total System Services from a “buy” rating to a “hold” rating and set a $69.00 target price on the stock. in a report on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Total System Services currently has a consensus rating of “Buy” and an average price target of $69.36.
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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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