Cambridge Investment Research Advisors Inc. cut its holdings in DST Systems, Inc. (NYSE:DST) by 26.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,765 shares of the technology company’s stock after selling 4,200 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in DST Systems were worth $730,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. First Trust Advisors LP grew its stake in shares of DST Systems by 144.3% in the fourth quarter. First Trust Advisors LP now owns 696,446 shares of the technology company’s stock valued at $43,228,000 after buying an additional 411,393 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in shares of DST Systems in the fourth quarter valued at $12,360,000. AXA grew its stake in shares of DST Systems by 66.5% in the fourth quarter. AXA now owns 380,800 shares of the technology company’s stock valued at $23,637,000 after buying an additional 152,100 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of DST Systems by 784.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 138,894 shares of the technology company’s stock valued at $8,621,000 after buying an additional 123,194 shares in the last quarter. Finally, First Quadrant L P CA bought a new position in shares of DST Systems in the fourth quarter valued at $7,394,000. Institutional investors own 85.67% of the company’s stock.
NYSE:DST opened at $83.64 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.07 and a quick ratio of 1.07. DST Systems, Inc. has a 1-year low of $50.22 and a 1-year high of $84.48. The firm has a market capitalization of $4,960.98, a P/E ratio of 24.89, a PEG ratio of 2.03 and a beta of 1.51.
DST Systems (NYSE:DST) last released its quarterly earnings data on Monday, January 29th. The technology company reported $1.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.27. DST Systems had a net margin of 20.35% and a return on equity of 16.90%. The firm had revenue of $552.70 million during the quarter, compared to analysts’ expectations of $538.38 million. During the same period in the previous year, the business posted $0.83 earnings per share. The company’s revenue for the quarter was up 47.9% compared to the same quarter last year. sell-side analysts anticipate that DST Systems, Inc. will post 4.13 EPS for the current year.
In other DST Systems news, insider Vercie L. Lark sold 45,400 shares of DST Systems stock in a transaction on Monday, March 12th. The shares were sold at an average price of $83.57, for a total transaction of $3,794,078.00. Following the completion of the transaction, the insider now directly owns 77,702 shares of the company’s stock, valued at $6,493,556.14. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Vercie L. Lark sold 5,400 shares of DST Systems stock in a transaction on Friday, March 9th. The stock was sold at an average price of $83.64, for a total transaction of $451,656.00. Following the transaction, the insider now directly owns 77,702 shares of the company’s stock, valued at $6,498,995.28. The disclosure for this sale can be found here. Insiders own 1.82% of the company’s stock.
Several equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of DST Systems from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 2nd. Robert W. Baird cut shares of DST Systems from an “outperform” rating to a “neutral” rating and set a $72.00 target price for the company. in a research note on Wednesday, January 17th. Evercore ISI reissued an “in-line” rating on shares of DST Systems in a research note on Friday, January 12th. Finally, DA Davidson cut shares of DST Systems from a “buy” rating to a “neutral” rating and set a $72.00 target price for the company. in a research note on Friday, January 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $68.50.
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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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