Tradelink Capital adds Total System Services (TSS) to its portfolio

Total System Services (TSS) : Tradelink Capital added new position in Total System Services during the most recent quarter end. The investment management firm now holds 3,962 shares of Total System Services which is valued at $195,961 , the company said in a statement filed on Aug 1, 2016 with the SEC.Total System Services makes up approximately 0.91% of Tradelink Capital’s portfolio.

Other Hedge Funds, Including , Aberdeen Asset Management Plcuk boosted its stake in TSS in the latest quarter, The investment management firm added 57,224 additional shares and now holds a total of 142,586 shares of Total System Services which is valued at $7,052,304. Total System Services makes up approx 0.03% of Aberdeen Asset Management Plcuk’s portfolio. First Citizens Bank Trust Co added TSS to its portfolio by purchasing 72,517 company shares during the most recent quarter which is valued at $3,692,566. Total System Services makes up approx 0.32% of First Citizens Bank Trust Co’s portfolio.Retirement Systems Of Alabama boosted its stake in TSS in the latest quarter, The investment management firm added 79,081 additional shares and now holds a total of 164,635 shares of Total System Services which is valued at $8,450,715. Total System Services makes up approx 0.05% of Retirement Systems Of Alabama’s portfolio.Fisher Asset Management reduced its stake in TSS by selling 18,038 shares or 3.29% in the most recent quarter. The Hedge Fund company now holds 530,112 shares of TSS which is valued at $28,954,717. Total System Services makes up approx 0.06% of Fisher Asset Management’s portfolio. Churchill Management Corp added TSS to its portfolio by purchasing 79,963 company shares during the most recent quarter which is valued at $4,318,802. Total System Services makes up approx 0.28% of Churchill Management Corp’s portfolio.

Total System Services closed down -0.48 points or -0.97% at $48.98 with 20,74,715 shares getting traded on Thursday. Post opening the session at $49.5, the shares hit an intraday low of $48.85 and an intraday high of $50.07 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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. 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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