Nationwide Fund Advisors lowered its position in DST Systems, Inc. (NYSE:DST) by 4.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 168,688 shares of the technology company’s stock after selling 7,578 shares during the period. Nationwide Fund Advisors owned approximately 0.28% of DST Systems worth $9,258,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of DST. People s United Financial Inc. boosted its stake 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 worth $800,000 after purchasing an additional 443 shares in the last quarter. Stevens Capital Management LP boosted its stake 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 worth $919,000 after purchasing an additional 538 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in DST Systems by 119.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the technology company’s stock worth $144,000 after purchasing an additional 1,266 shares in the last quarter. Profund Advisors LLC boosted its stake in DST Systems by 24.7% in the 2nd quarter. Profund Advisors LLC now owns 6,958 shares of the technology company’s stock worth $429,000 after purchasing an additional 1,377 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in DST Systems by 102.6% in the 2nd 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. 85.78% of the stock is currently owned by hedge funds and other institutional investors.
Shares of DST Systems, Inc. (NYSE DST) traded up $0.12 during midday trading on Friday, reaching $61.23. 341,000 shares of the company’s stock traded hands, compared to its average volume of 438,722. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.09 and a current ratio of 1.09. DST Systems, Inc. has a twelve month low of $50.22 and a twelve month high of $62.98. The firm has a market cap of $3,680.05, a PE ratio of 19.87, a price-to-earnings-growth ratio of 1.98 and a beta of 1.36.
DST Systems (NYSE:DST) last announced its quarterly earnings data on Friday, October 20th. The technology company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.73 by $0.03. DST Systems had a net margin of 21.26% and a return on equity of 16.20%. The business had revenue of $562.60 million during the quarter, compared to analysts’ expectations of $523.57 million. During the same period in the previous year, the business posted $0.77 EPS. The business’s quarterly revenue was up 45.5% compared to the same quarter last year. sell-side analysts forecast that DST Systems, Inc. will post 3.08 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.18%. The ex-dividend date is Tuesday, November 21st. DST Systems’s payout ratio is 10.63%.
DST has been the subject of a number of recent analyst reports. Robert W. Baird reiterated a “buy” rating and issued a $68.00 target price on shares of DST Systems in a research note on Thursday, October 12th. Zacks Investment Research upgraded shares of DST Systems from a “sell” rating to a “buy” rating and set a $67.00 price objective for the company in a research note on Tuesday, October 24th. Finally, Morgan Stanley lifted their price objective on shares of DST Systems from $57.00 to $61.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. DST Systems currently has an average rating of “Hold” and an average price target of $68.00.
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About DST Systems
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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