Value Holdings Lp Lowers stake in Total System Services (TSS)

Total System Services (TSS) : Value Holdings Lp reduced its stake in Total System Services by 0.42% during the most recent quarter end. The investment management company now holds a total of 238,306 shares of Total System Services which is valued at $11,786,615 after selling 1,000 shares in Total System Services , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Total System Services makes up approximately 7.40% of Value Holdings Lp’s portfolio.

Other Hedge Funds, Including , Ngam Advisors reduced its stake in TSS by selling 6,982 shares or 22.14% in the most recent quarter. The Hedge Fund company now holds 24,555 shares of TSS which is valued at $1,214,490. Total System Services makes up approx 0.02% of Ngam Advisors’s portfolio.Wealth Enhancement Advisory Services boosted its stake in TSS in the latest quarter, The investment management firm added 2,755 additional shares and now holds a total of 27,133 shares of Total System Services which is valued at $1,381,612. Total System Services makes up approx 0.24% of Wealth Enhancement Advisory Services’s portfolio. Morgan Dempsey Capital Management added TSS to its portfolio by purchasing 40 company shares during the most recent quarter which is valued at $2,037.Northwest Investment Counselors reduced its stake in TSS by selling 413 shares or 6.21% in the most recent quarter. The Hedge Fund company now holds 6,235 shares of TSS which is valued at $346,417. Total System Services makes up approx 0.18% of Northwest Investment Counselors’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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