Leavell Investment Management Lowers stake in Total System Services (TSS)

Total System Services (TSS) : Leavell Investment Management reduced its stake in Total System Services by 0.48% during the most recent quarter end. The investment management company now holds a total of 100,085 shares of Total System Services which is valued at $5,566,728 after selling 483 shares in Total System Services , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.Total System Services makes up approximately 0.80% of Leavell Investment Management’s portfolio.

Other Hedge Funds, Including , Simplex Trading sold out all of its stake in TSS during the most recent quarter. The investment firm sold 561 shares of TSS which is valued $31,203.Creative Planning reduced its stake in TSS by selling 100 shares or 0.38% in the most recent quarter. The Hedge Fund company now holds 26,102 shares of TSS which is valued at $1,425,691. Total System Services makes up approx 0.01% of Creative Planning’s portfolio.Chevy Chase Trust Holdings boosted its stake in TSS in the latest quarter, The investment management firm added 2,112 additional shares and now holds a total of 144,820 shares of Total System Services which is valued at $7,821,728. Total System Services makes up approx 0.04% of Chevy Chase Trust Holdings’s portfolio.

Total System Services opened for trading at $55.26 and hit $55.76 on the upside on Wednesday, eventually ending the session at $55.62, with a gain of 1.02% or 0.56 points. The heightened volatility saw the trading volume jump to 8,25,570 shares. Company has a market cap of $10,213 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. Total System Services was Downgraded by Credit Agricole to ” Outperform” on May 25, 2016. 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.

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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