Total System Services, Inc. (NYSE:TSS) announced a quarterly dividend on Tuesday, July 25th, RTT News reports. Stockholders of record on Friday, September 29th will be given a dividend of 0.13 per share by the credit services provider on Monday, October 2nd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Wednesday, September 20th. This is a boost from Total System Services’s previous quarterly dividend of $0.10.

Total System Services has raised its dividend payment by an average of 10.1% annually over the last three years. Total System Services has a dividend payout ratio of 16.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Total System Services to earn $3.43 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 15.2%.

Shares of Total System Services (NYSE TSS) opened at 66.37 on Tuesday. The firm has a market capitalization of $12.23 billion, a P/E ratio of 32.20 and a beta of 1.13. The stock has a 50 day moving average of $66.25 and a 200-day moving average of $59.42. Total System Services has a 52-week low of $46.22 and a 52-week high of $70.62.

Total System Services (NYSE:TSS) last announced its quarterly earnings results on Tuesday, July 25th. The credit services provider reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.05. The company had revenue of $844.07 million for the quarter, compared to analysts’ expectations of $842.57 million. Total System Services had a net margin of 8.78% and a return on equity of 25.49%. Total System Services’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.74 EPS. Equities analysts expect that Total System Services will post $3.28 earnings per share for the current fiscal year.

In other news, CFO Paul M. Todd sold 4,057 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $63.50, for a total transaction of $257,619.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Philip W. Tomlinson sold 220,974 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $63.65, for a total transaction of $14,064,995.10. Following the sale, the director now owns 326,200 shares in the company, valued at approximately $20,762,630. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 243,503 shares of company stock worth $15,490,969. Corporate insiders own 2.60% of the company’s stock.

A number of brokerages recently commented on TSS. Zacks Investment Research cut shares of Total System Services from a “buy” rating to a “hold” rating in a research note on Monday. Instinet upped their price target on shares of Total System Services from $61.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, June 6th. Barclays PLC upped their price target on shares of Total System Services from $65.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, May 25th. Mizuho began coverage on shares of Total System Services in a research note on Tuesday, June 27th. They set a “neutral” rating and a $63.00 price target on the stock. Finally, Wedbush began coverage on shares of Total System Services in a research note on Thursday, August 3rd. They set an “outperform” rating and a $72.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $65.25.

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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.

Dividend History for Total System Services (NYSE:TSS)

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