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 Video: What is a Stock Split?
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| Total System Services is a payment solutions provider that provides payment processing services, merchant services and related payment services to financial and nonfinancial institutions. In addition, Co. provides general purpose reloadable prepaid and payroll cards, demand deposit accounts and other financial service solutions to the underbanked and other consumers and businesses. The services Co. provides are divided into three operating segments: Issuer Solutions, whereby Co. is a third party processor for credit card issuers in North America and Europe; Merchant Solutions, whereby Co. operates as a merchant acquirer; and Consumer Solutions, whereby Co. is a prepaid program manager. According to our TSS split history records, TSS has had 4 splits. | |
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TSS (TSS) has 4 splits in our TSS split history database. The first split for TSS took place on May 05, 1993. This was a 2 for 1
split, meaning for each share of TSS owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. TSS's second split took place on October 03, 1994. This was a 2 for 1
split, meaning for each share of TSS owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. TSS's third split took place on April 23, 1996. This was a 2 for 1
split, meaning for each share of TSS owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split. TSS's 4th split took place on May 11, 1998. This was a 3 for 2
split, meaning for each 2
shares of TSS owned pre-split, the shareholder now owned 3 shares. For example, a 8000 share position pre-split, became a 12000 share position following the split.
When a company such as TSS splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the TSS split history from start to finish, an original position size of 1000 shares would have turned into 12000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into TSS shares, starting with a $10,000 purchase of TSS, presented on a split-history-adjusted basis factoring in the complete TSS split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/11/2014 |
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| End date: |
09/17/2019 |
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| Start price/share: |
$33.08 |
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| End price/share: |
$133.27 |
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| Starting shares: |
302.30 |
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| Ending shares: |
313.56 |
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| Dividends reinvested/share: |
$2.27 |
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| Total return: |
317.89% |
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| Average Annual Total Return: |
34.98% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$41,784.04 |
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| Years: |
4.77 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/11/2014 |
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| End date: |
09/17/2019 |
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| Start price/share: |
$33.08 |
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| End price/share: |
$133.27 |
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| Dividends collected/share: |
$2.27 |
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| Total return: |
309.73% |
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| Average Annual Total Return: |
34.43% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$40,978.61 |
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| Years: |
4.77 |
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| Date |
Ratio |
| 05/05/1993 | 2 for 1
| | 10/03/1994 | 2 for 1
| | 04/23/1996 | 2 for 1
| | 05/11/1998 | 3 for 2
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