Total System Services, Inc. (NYSE:TSS) declared a quarterly dividend on Tuesday, September 3rd, RTT News reports. Stockholders of record on Friday, September 13th will be paid a dividend of 0.13 per share by the credit services provider on Friday, September 27th. This represents a $0.52 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Thursday, September 12th.
Total System Services has raised its dividend payment by an average of 9.1% annually over the last three years and has raised its dividend every year for the last 2 years. Total System Services has a payout ratio of 12.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Total System Services to earn $5.28 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 9.8%.
Shares of NYSE:TSS opened at $137.96 on Tuesday. Total System Services has a 12-month low of $75.58 and a 12-month high of $142.30. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 1.69. The firm has a market cap of $24.97 billion, a PE ratio of 32.38, a price-to-earnings-growth ratio of 2.50 and a beta of 0.86. The company has a fifty day simple moving average of $131.81 and a 200 day simple moving average of $114.78.
Several equities research analysts recently weighed in on TSS shares. Robert W. Baird set a $148.00 price objective on shares of Total System Services and gave the stock a “buy” rating in a research note on Friday, July 19th. Guggenheim downgraded Total System Services from a “buy” rating to a “neutral” rating in a research note on Thursday, May 30th. Cowen cut Total System Services from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 29th. Barclays increased their price objective on shares of Total System Services from $146.00 to $158.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Finally, BMO Capital Markets lifted their price objective on shares of Total System Services to $121.00 and gave the company a “market perform” rating in a research report on Thursday, May 30th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $116.18.
In other news, EVP Patricia A. Watson sold 13,830 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $133.63, for a total value of $1,848,102.90. Following the sale, the executive vice president now owns 18,716 shares of the company’s stock, valued at approximately $2,501,019.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sidney E. Harris sold 1,860 shares of Total System Services stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $134.50, for a total value of $250,170.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 181,828 shares of company stock worth $25,502,038. 2.00% of the stock is owned by corporate insiders.
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: Issuer Solutions, Merchant Solutions, and Consumer Solutions. 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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