Kinsight adds Total System Services (TSS) to its portfolio

Total System Services (TSS) : Kinsight added new position in Total System Services during the most recent quarter end. The investment management firm now holds 32,615 shares of Total System Services which is valued at $1,584,111 , the company said in a statement filed on Aug 9, 2016 with the SEC.Total System Services makes up approximately 0.84% of Kinsight’s portfolio.

Other Hedge Funds, Including , Psagot Investment House Ltd. reduced its stake in TSS by selling 10,750 shares or 8.64% in the most recent quarter. The Hedge Fund company now holds 113,600 shares of TSS which is valued at $5,514,144. Total System Services makes up approx 0.23% of Psagot Investment House Ltd.’s portfolio.Her Majesty The Queen In Right Of The Province Of Alberta… boosted its stake in TSS in the latest quarter, The investment management firm added 35,600 additional shares and now holds a total of 101,040 shares of Total System Services which is valued at $4,997,438. Total System Services makes up approx 0.06% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio.Tocqueville Asset Management reduced its stake in TSS by selling 12,905 shares or 21.32% in the most recent quarter. The Hedge Fund company now holds 47,638 shares of TSS which is valued at $2,425,727. Total System Services makes up approx 0.03% of Tocqueville Asset Management’s portfolio.

Total System Services opened for trading at $47.64 and hit $48.24 on the upside on Wednesday, eventually ending the session at $48.12, with a gain of 0.99% or 0.47 points. The heightened volatility saw the trading volume jump to 16,76,943 shares. Company has a market cap of $8,846 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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