On the day that Wall Street hit all-time highs, the stock price of TSYS touched a level it hasn’t seen in nearly six years.
It was on Nov. 14, 2007, that the Columbus-based global credit card and payment processor was trading at a high of $30.20 per share.
That was just as the nation was entering the Great Recession and only a few weeks before TSYS would be spun off by Synovus Financial Corp. as a stand-alone company not tethered to the regional bank and parent of Columbus Bank and Trust.
On Wednesday, TSYS shares rose through the afternoon, reaching exactly $30 per share, before dipping slightly for a close of $29.93 per share.
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That puts the firm’s stock up nearly 42 percent from its 52-week low of $21.10 on Dec. 31.
The overall stock market hit never-before-seen highs on Wednesday, with both the Dow Jones and the S&P 500 indices reaching record territory after the Federal Reserve decided not to cut back on its bond-purchasing stimulus program.