Simplex Trading adds Total System Services (TSS) to its portfolio

Total System Services (TSS) : Simplex Trading added new position in Total System Services during the most recent quarter end. The investment management firm now holds 5,988 shares of Total System Services which is valued at $283,173 , the company said in a statement filed on Oct 7, 2016 with the SEC.Total System Services makes up approximately 0.04% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , First Mercantile Trust Co sold out all of its stake in TSS during the most recent quarter. The investment firm sold 12,100 shares of TSS which is valued $572,209.Bnp Paribas Arbitrage Sa boosted its stake in TSS in the latest quarter, The investment management firm added 79,701 additional shares and now holds a total of 212,697 shares of Total System Services which is valued at $10,347,709. Total System Services makes up approx 0.04% of Bnp Paribas Arbitrage Sa’s portfolio.Chevy Chase Trust Holdings reduced its stake in TSS by selling 6,277 shares or 4.33% in the most recent quarter. The Hedge Fund company now holds 138,543 shares of TSS which is valued at $6,740,117. Total System Services makes up approx 0.04% of Chevy Chase Trust Holdings’s portfolio. Washington Trust Bank added TSS to its portfolio by purchasing 14 company shares during the most recent quarter which is valued at $681.

Total System Services closed down -0.72 points or -1.50% at $47.29 with 19,08,674 shares getting traded on Friday. Post opening the session at $48.13, the shares hit an intraday low of $46.92 and an intraday high of $48.22 and the price fluctuated in this range throughout the day.Shares ended Friday 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. 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 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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