C M Bidwell Associates Ltd buys $7,319,373 stake in Total System Services (TSS)

Total System Services (TSS) : C M Bidwell Associates Ltd scooped up 68,485 additional shares in Total System Services during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 149,895 shares of Total System Services which is valued at $7,319,373.Total System Services makes up approximately 1.74% of C M Bidwell Associates Ltd’s portfolio.

Other Hedge Funds, Including , 1832 Asset Management reduced its stake in TSS by selling 59,400 shares or 60.37% in the most recent quarter. The Hedge Fund company now holds 39,000 shares of TSS which is valued at $1,904,370. Total System Services makes up approx 0.01% of 1832 Asset Management’s portfolio. Lebenthal Asset Management added TSS to its portfolio by purchasing 22,593 company shares during the most recent quarter which is valued at $1,103,216. Total System Services makes up approx 0.14% of Lebenthal Asset Management’s portfolio. Catalyst Capital Advisors added TSS to its portfolio by purchasing 33,050 company shares during the most recent quarter which is valued at $1,613,832. Total System Services makes up approx 0.29% of Catalyst Capital Advisors’s portfolio. Pggm Investments sold out all of its stake in TSS during the most recent quarter. The investment firm sold 126,218 shares of TSS which is valued $6,478,770.

Total System Services opened for trading at $48.56 and hit $49.16 on the upside on Monday, eventually ending the session at $48.92, with a gain of 0.74% or 0.36 points. The heightened volatility saw the trading volume jump to 10,52,010 shares. Company has a market cap of $8,993 M.

On the company’s financial health, Total System Services reported $0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.61. The company had revenue of $739.40 million for the quarter, compared to analysts expectations of $713.35 million. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.

Many Wall Street Analysts have commented on Total System Services. Robert W. Baird Upgraded Total System Services on Aug 12, 2016 to ” Outperform”, Price Target of the shares are set at $60.First Analysis Sec Upgraded Total System Services on Jul 28, 2016 to ” Overweight”, Price Target of the shares are set at $62.Total System Services was Downgraded by Credit Agricole to ” Outperform” on May 25, 2016.

Total System Services Inc. (TSYS) is a global payment solutions provider that provides services to financial and nonfinancial institutions. The Company also provides processing services acquiring solutions related systems and integrated support services to merchant acquirers and merchants. In addition it provides general purpose reloadable (GPR) prepaid and payroll cards and alternative financial service solutions to the underbanked and other consumers. Its operating segments include North America Services Merchant Services NetSpend and International Services. Through the Company’s North America Services and International Services segments TSYS processes information through its cardholder systems to financial and non-financial institutions. The Merchant Services segment includes electronic processing and other services provided to merchants and merchant acquirers. The NetSpend segment provides GPR prepaid debit and payroll cards and alternative financial service solutions.

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