Crestline Management LP Purchases New Holdings in DST Systems, Inc. (DST)

Crestline Management LP purchased a new stake in DST Systems, Inc. (NYSE:DST) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 78,332 shares of the technology company’s stock, valued at approximately $4,299,000. DST Systems makes up 0.6% of Crestline Management LP’s investment portfolio, making the stock its 17th largest holding. Crestline Management LP owned 0.13% of DST Systems at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of DST. Bank of Montreal Can increased its holdings in shares of DST Systems by 102.6% in the second quarter. Bank of Montreal Can now owns 2,926 shares of the technology company’s stock valued at $180,000 after purchasing an additional 1,482 shares in the last quarter. Aperio Group LLC increased its holdings in shares of DST Systems by 116.3% in the second quarter. Aperio Group LLC now owns 16,088 shares of the technology company’s stock valued at $993,000 after purchasing an additional 8,649 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of DST Systems by 48.9% in the second quarter. Russell Investments Group Ltd. now owns 83,418 shares of the technology company’s stock valued at $5,147,000 after purchasing an additional 27,386 shares in the last quarter. Public Employees Retirement Association of Colorado increased its holdings in shares of DST Systems by 97.4% in the second quarter. Public Employees Retirement Association of Colorado now owns 12,311 shares of the technology company’s stock valued at $760,000 after purchasing an additional 6,076 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of DST Systems by 106.9% in the second quarter. Janney Montgomery Scott LLC now owns 10,299 shares of the technology company’s stock valued at $635,000 after purchasing an additional 5,321 shares in the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

A number of analysts have commented on the stock. Zacks Investment Research lowered shares of DST Systems from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Robert W. Baird reaffirmed a “buy” rating and set a $68.00 target price on shares of DST Systems in a report on Thursday, October 12th. Finally, Morgan Stanley lifted their target price on shares of DST Systems from $57.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $68.00.

Shares of DST Systems, Inc. (NYSE DST) opened at $61.80 on Monday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.42. DST Systems, Inc. has a fifty-two week low of $50.22 and a fifty-two week high of $62.98. The company has a market cap of $3,721.61, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 2.00 and a beta of 1.36.

DST Systems (NYSE:DST) last released its earnings results on Friday, October 20th. The technology company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.03. DST Systems had a net margin of 21.26% and a return on equity of 16.20%. The firm had revenue of $562.60 million during the quarter, compared to analyst estimates of $523.57 million. During the same quarter in the previous year, the business earned $0.77 EPS. The business’s quarterly revenue was up 45.5% compared to the same quarter last year. equities analysts forecast that DST Systems, Inc. will post 3.08 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Tuesday, November 21st. DST Systems’s dividend payout ratio is presently 10.63%.

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DST Systems 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.

Institutional Ownership by Quarter for DST Systems (NYSE:DST)

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