Gamco Investors INC. ET AL lessened its holdings in shares of DST Systems, Inc. (NYSE:DST) by 10.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,458 shares of the technology company’s stock after selling 1,100 shares during the quarter. Gamco Investors INC. ET AL’s holdings in DST Systems were worth $587,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. WFG Advisors LP boosted its position in shares of DST Systems by 128.6% during the 2nd quarter. WFG Advisors LP now owns 3,205 shares of the technology company’s stock valued at $198,000 after acquiring an additional 1,803 shares during the last quarter. SeaCrest Wealth Management LLC bought a new stake in shares of DST Systems during the 4th quarter valued at about $207,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of DST Systems by 35.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,463 shares of the technology company’s stock valued at $215,000 after acquiring an additional 909 shares during the last quarter. Intl Fcstone Inc. bought a new stake in shares of DST Systems during the 2nd quarter valued at about $221,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of DST Systems during the 4th quarter valued at about $235,000. Hedge funds and other institutional investors own 86.41% of the company’s stock.
Shares of DST Systems, Inc. (DST) opened at $83.10 on Wednesday. The firm has a market capitalization of $4,919.48, a P/E ratio of 11.55, a P/E/G ratio of 2.10 and a beta of 1.60. DST Systems, Inc. has a 12-month low of $50.22 and a 12-month high of $84.48. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.07 and a quick ratio of 1.09.
DST Systems (NYSE:DST) last released its earnings results on Monday, January 29th. The technology company reported $1.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.27. The company had revenue of $552.70 million during the quarter, compared to the consensus estimate of $538.38 million. DST Systems had a return on equity of 16.90% and a net margin of 20.35%. DST Systems’s quarterly revenue was up 47.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS. analysts expect that DST Systems, Inc. will post 3.94 earnings per share for the current fiscal year.
A number of brokerages have recently issued reports on DST. Morgan Stanley lifted their price target on DST Systems from $57.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday, October 23rd. Robert W. Baird boosted their target price on DST Systems from $68.00 to $72.00 and gave the stock an “outperform” rating in a research report on Sunday, October 22nd. DA Davidson downgraded DST Systems from a “buy” rating to a “neutral” rating and set a $72.00 target price for the company. in a research report on Friday, January 12th. Zacks Investment Research upgraded DST Systems from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research report on Wednesday, December 20th. Finally, Evercore ISI restated an “in-line” rating on shares of DST Systems in a research report on Friday, January 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. DST Systems has an average rating of “Hold” and a consensus target price of $68.50.
In related news, VP Jonathan J. Boehm sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $64.50, for a total value of $1,290,000.00. Following the completion of the sale, the vice president now owns 75,518 shares in the company, valued at approximately $4,870,911. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased a total of 877 shares of company stock valued at $59,820 in the last 90 days. 1.82% of the stock is currently owned by corporate insiders.
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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.
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