Ameritas Investment Partners Inc. increased its stake in shares of DST Systems, Inc. (NYSE:DST) by 100.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,600 shares of the technology company’s stock after purchasing an additional 9,300 shares during the period. Ameritas Investment Partners Inc.’s holdings in DST Systems were worth $1,148,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the stock. People s United Financial Inc. raised its holdings in DST Systems by 3.5% in the 2nd quarter. People s United Financial Inc. now owns 12,959 shares of the technology company’s stock valued at $800,000 after acquiring an additional 443 shares during the last quarter. Stevens Capital Management LP raised its holdings in DST Systems by 3.7% in the 2nd quarter. Stevens Capital Management LP now owns 14,902 shares of the technology company’s stock valued at $919,000 after acquiring an additional 538 shares during the last quarter. First Bank & Trust raised its holdings in DST Systems by 99.8% in the 2nd quarter. First Bank & Trust now owns 1,718 shares of the technology company’s stock valued at $106,000 after acquiring an additional 858 shares during the last quarter. Principal Financial Group Inc. raised its holdings in DST Systems by 0.9% in the 1st quarter. Principal Financial Group Inc. now owns 130,956 shares of the technology company’s stock valued at $16,042,000 after acquiring an additional 1,130 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of DST Systems by 119.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the technology company’s stock valued at $144,000 after buying an additional 1,266 shares during the period. Hedge funds and other institutional investors own 84.23% of the company’s stock.
DST Systems, Inc. (NYSE:DST) traded up 0.16% during trading on Friday, reaching $57.93. 236,668 shares of the company’s stock were exchanged. The company’s 50-day moving average is $54.60 and its 200-day moving average is $57.55. DST Systems, Inc. has a 1-year low of $47.26 and a 1-year high of $62.94. The company has a market capitalization of $3.51 billion, a PE ratio of 5.84 and a beta of 1.31.
DST Systems (NYSE:DST) last issued its quarterly earnings data on Friday, October 20th. The technology company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.03. The business had revenue of $562.60 million during the quarter, compared to analyst estimates of $523.57 million. DST Systems had a net margin of 21.26% and a return on equity of 16.20%. The firm’s quarterly revenue was up 45.5% on a year-over-year basis. During the same quarter last year, the business earned $0.77 EPS. Equities research analysts expect that DST Systems, Inc. will post $3.09 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 22nd will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.24%. DST Systems’s dividend payout ratio (DPR) is presently 10.63%.
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A number of analysts recently weighed in on the stock. BidaskClub cut shares of DST Systems from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Zacks Investment Research cut shares of DST Systems from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Robert W. Baird reaffirmed a “buy” rating and set a $68.00 price target on shares of DST Systems in a research report on Thursday, October 12th. Finally, Morgan Stanley upped their price target on shares of DST Systems from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $68.00.
DST Systems Company Profile
DST Systems, Inc (DST) is a provider of technology-based information processing and servicing solutions. The Company offers its solutions through data management, business processing and customer communications solutions to clients within the asset management, brokerage, retirement and healthcare markets.
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