Renaissance Group buys $35,164,574 stake in Total System Services (TSS)

Total System Services (TSS) : Renaissance Group scooped up 134,273 additional shares in Total System Services during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 672,620 shares of Total System Services which is valued at $35,164,574.Total System Services makes up approximately 1.45% of Renaissance Group’s portfolio.

Other Hedge Funds, Including , Hanseatic Management Services Inc sold out all of its stake in TSS during the most recent quarter. The investment firm sold 58,844 shares of TSS which is valued $3,076,364.Id Management As boosted its stake in TSS in the latest quarter, The investment management firm added 8,700 additional shares and now holds a total of 15,000 shares of Total System Services which is valued at $767,100. Total System Services makes up approx 0.24% of Id Management As’s portfolio. Wealthtrust-arizona sold out all of its stake in TSS during the most recent quarter. The investment firm sold 281 shares of TSS which is valued $14,370.Bnp Paribas Arbitrage Sa boosted its stake in TSS in the latest quarter, The investment management firm added 92,238 additional shares and now holds a total of 177,782 shares of Total System Services which is valued at $9,066,882. Total System Services makes up approx 0.04% of Bnp Paribas Arbitrage Sa’s portfolio.

Total System Services opened for trading at $52.95 and hit $53.31 on the upside on Tuesday, eventually ending the session at $53.23, with a gain of 0.74% or 0.39 points. The heightened volatility saw the trading volume jump to 16,11,890 shares. Company has a market cap of $9,774 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. Company shares were Reiterated by Compass Point on Apr 27, 2016 to “Neutral”, Firm has raised the Price Target to $ 56 from a previous price target of $51 .Total System Services was Upgraded by Wells Fargo to ” Outperform” on Apr 27, 2016. Nomura Initiated Total System Services on Apr 20, 2016 to “Buy”, Price Target of the shares are set at $56.

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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