Total System Services, Inc. (NYSE:TSS) announced a quarterly dividend on Tuesday, September 4th, RTT News reports. Shareholders of record on Thursday, September 20th will be paid a dividend of 0.13 per share by the credit services provider on Monday, October 1st. This represents a $0.52 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Wednesday, September 19th.
Total System Services has raised its dividend payment by an average of 2.4% annually over the last three years. Total System Services has a payout ratio of 12.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Total System Services to earn $4.65 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 11.2%.
TSS traded down $0.98 during trading on Friday, reaching $95.86. The company had a trading volume of 1,265,818 shares, compared to its average volume of 1,267,683. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.62. Total System Services has a 12-month low of $66.63 and a 12-month high of $100.39. The stock has a market capitalization of $18.01 billion, a P/E ratio of 29.77, a P/E/G ratio of 1.61 and a beta of 1.17.
Total System Services (NYSE:TSS) last released its earnings results on Tuesday, July 24th. The credit services provider reported $1.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.04. The company had revenue of $956.55 million for the quarter, compared to analysts’ expectations of $936.79 million. Total System Services had a return on equity of 29.26% and a net margin of 14.39%. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.85 EPS. On average, research analysts predict that Total System Services will post 4.19 earnings per share for the current year.
Several brokerages have recently issued reports on TSS. Wolfe Research initiated coverage on Total System Services in a report on Tuesday, July 17th. They set an “outperform” rating for the company. UBS Group upgraded Total System Services from a “market perform” rating to an “outperform” rating in a report on Thursday, September 6th. Robert W. Baird upped their price target on Total System Services from $100.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, July 25th. Nomura reiterated a “buy” rating and set a $96.00 price target on shares of Total System Services in a report on Wednesday, July 25th. Finally, Citigroup upped their price target on Total System Services from $104.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 25th. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $92.81.
In other Total System Services news, EVP Dorenda K. Weaver sold 5,009 shares of the stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $99.00, for a total value of $495,891.00. Following the completion of the sale, the executive vice president now directly owns 44,358 shares in the company, valued at $4,391,442. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Patricia A. Watson sold 15,332 shares of the stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $93.30, for a total value of $1,430,475.60. Following the completion of the sale, the executive vice president now owns 30,743 shares of the company’s stock, valued at $2,868,321.90. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.
Total System Services Company Profile
Total System Services, Inc provides payment processing, merchant, and related payment services to financial and nonfinancial institutions worldwide. The company operates through three segments: Merchant Solutions, Issuer Solutions, and Netspend. It offers general purpose reloadable prepaid and payroll cards, demand deposit accounts, and other financial service solutions to the underbanked and other consumers and businesses.
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