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Last $38.11 USD
Change Today -0.34 / -0.88%
Volume 758.7K
TSS On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

total system services inc (TSS) Key Developments

TSYS Announces Retirement of Ken Tye as Senior Executive Vice President and Chief Information Officer, Effective September 30, 2015

TSYS announced that Ken Tye has decided to retire as Senior Executive Vice President and Chief Information Officer, after 43 years of service, effective September 30, 2015.

TSYS Declares First-Quarter 2015 Cash Dividend Payable on April 1, 2015

TSYS announced that its board of directors has approved a quarterly cash dividend of $0.10 per share on TSYS common stock, payable on April 1, 2015, to TSYS shareholders of record as of the close of business on March 19, 2015.

Total System Services, Inc. and Ingenico Group Partner to Offer New Payment Solutions for Merchants

Total System Services, Inc. and Ingenico Group have announced a new agreement to offer merchants a new solution for accepting all payment types, including magnetic stripe, EMV, NFC and Apple Pay. TSYS is the first processor to Class A certify Ingenico Group's new PCI 3.0-certified smart products - the iCT 220 Contactless and iPP310 PIN pad - thus providing merchants with front-line support for a complete end-to-end payment solution. TSYS has developed a new payment application, INGEMV2, which will run on selected versions of Ingenico Group smart terminals. The combined TSYS and Ingenico Group offering will give businesses a complete solution for securely processing EMV, NFC and Apple Pay transactions, while providing advanced security features such as encryption and tokenization to guard against credit card fraud.

Total System Services, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the Full Year 2015

Total System Services, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total revenues of $635,104,000 against $583,103,000 for the same period last year. Operating income was $122,773,000 against $108,858,000 for the same period last year. Income before income taxes, non-controlling interests and equity in income of equity investments was $114,257,000 against $98,386,000 for the same period last year. Net income attributable to the company's common shareholders was $79,860,000 or $0.43 per diluted share against $65,655,000 or $0.34 per diluted share for the same period last year. Adjusted earnings were $106,725,000 against $90,390,000 for the same period a year ago. Adjusted EPS was $0.58 against $0.48 for the same period a year ago. EBITDA was $185,964,000 against $170,126,000 for the same period a year ago. Adjusted EBITDA was $193,738,000 against $181,097,000 for the same period a year ago. The free cash flow for the quarter was $102.7 million. For the year, the company reported total revenues of $2,446,877,000 against $2,064,305,000 for the same period last year. Operating income was $431,640,000 against $382,500,000 for the same period last year. Income before income taxes, non-controlling interests and equity in income of equity investments was $392,929,000 against $352,476,000 for the same period last year. Net income attributable to the company's common shareholders was $322,872,000 or $1.71 per diluted share against $244,750,000 or $1.29 per diluted share for the same period last year. Net cash provided by operating activities was $561,093,000 against $452,398,000 for the same period last year. Purchases of property and equipment, net were $75,913,000 against $40,598,000 for the same period last year. Additions to licensed computer software from vendors were $29,638,000 against $63,635,000 for the same period last year. Additions to internally developed computer software were $41,501,000 against $33,600,000 for the same period last year. Adjusted earnings were $364,402,000 against $325,717,000 for the same period a year ago. Adjusted EPS was $1.96 against $1.73 for the same period a year ago. EBITDA was $678,260,000 against $581,526,000 for the same period a year ago. Adjusted EBITDA was $712,267,000 against $624,093,000 for the same period a year ago. The free cash flow for the full year was $325 million. For the full year 2015, the company expects total revenues in the range of $2,620 million to $2,660 million and adjusted EPS attributable to company common shareholders from continuing operations in the range of $2.17 to $2.21 per share. For 2015, the company expects its capital expenditures to contract between roughly $50 million to $60 million from 2014 levels, primarily as a result of lower conversion and contract acquisition costs projected in 2015. This reduction in proposed capital expenditures to a range of $175 million to $185 million, along with stronger performances in its businesses will allow for its free cash flow estimates expand to the $420 million to $440 million range for the full year of 2015. The company believes its estimated tax rate for 2015 to be in the 32% to 34% range. The company expects the full year margin in 2015 to drop from the fourth quarter levels, but its 16% overall margin for this business in calendar year 2014 puts it on a nice trajectory toward its 18% margin goal in 2015.

Total System Services Names Tom Boyer as President of Its Direct Acquiring Business

Total System Services has named Tom Boyer as president of its direct acquiring business. Boyer will be responsible for managing direct-to-merchant sales, operations and consumer support for both national and small business accounts at the Columbus, Ga., company. He most recently served as senior vice president of portfolio management at Bank of America Merchant Services. In his new role, Boyer will report directly to Pyke.

 

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TSS Competitors

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Company Last Change
Broadridge Financial Solutions Inc $52.59 USD -1.19
Gemalto NV €80.40 EUR -0.94
Global Payments Inc $99.75 USD +0.04
Ingenico €104.30 EUR -0.20
Vantiv Inc $38.49 USD -0.33
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Industry Analysis

TSS

Industry Average

Valuation TSS Industry Range
Price/Earnings 26.1x
Price/Sales 2.9x
Price/Book 4.2x
Price/Cash Flow 21.8x
TEV/Sales 2.2x
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