Quantbot Technologies LP lifted its stake in DST Systems, Inc. (NYSE:DST) by 96.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,755 shares of the technology company’s stock after buying an additional 22,418 shares during the quarter. Quantbot Technologies LP owned approximately 0.08% of DST Systems worth $2,511,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of DST. Capstone Asset Management Co. boosted its stake in shares of DST Systems by 104.1% in the second quarter. Capstone Asset Management Co. now owns 5,516 shares of the technology company’s stock worth $340,000 after buying an additional 2,813 shares during the last quarter. Bank of Montreal Can boosted its position in DST Systems by 102.6% during the second quarter. Bank of Montreal Can now owns 2,926 shares of the technology company’s stock worth $180,000 after purchasing an additional 1,482 shares in the last quarter. CENTRAL TRUST Co boosted its position in DST Systems by 3,458.3% during the second quarter. CENTRAL TRUST Co now owns 2,135 shares of the technology company’s stock worth $132,000 after purchasing an additional 2,075 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in DST Systems by 108.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 24,198 shares of the technology company’s stock worth $1,493,000 after purchasing an additional 12,593 shares in the last quarter. Finally, CWM LLC purchased a new position in DST Systems during the second quarter worth approximately $133,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.
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DST Systems, Inc. (DST) traded up $0.73 during mid-day trading on Friday, reaching $59.69. The company’s stock had a trading volume of 220,800 shares, compared to its average volume of 441,009. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market capitalization of $3,549.23, a PE ratio of 19.17, a price-to-earnings-growth ratio of 1.91 and a beta of 1.35. DST Systems, Inc. has a one year low of $50.22 and a one year high of $62.94.
DST Systems (NYSE:DST) last posted its earnings results on Friday, October 20th. The technology company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.03. DST Systems had a return on equity of 16.20% and a net margin of 21.26%. The company had revenue of $562.60 million during the quarter, compared to analysts’ expectations of $523.57 million. During the same quarter last year, the firm earned $0.77 earnings per share. The firm’s quarterly revenue was up 45.5% compared to the same quarter last year. analysts predict that DST Systems, Inc. will post 3.08 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 22nd will be paid a $0.18 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.21%. DST Systems’s payout ratio is presently 10.63%.
Several equities analysts have recently weighed in on the company. Robert W. Baird raised their target price on DST Systems from $68.00 to $72.00 and gave the company an “outperform” rating in a research report on Sunday, October 22nd. BidaskClub cut DST Systems from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Zacks Investment Research cut DST Systems from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. Finally, Morgan Stanley increased their price target on DST Systems from $57.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price 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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