California State Teachers Retirement System cut its position in shares of DST Systems (NYSE:DST) by 4.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,181 shares of the technology company’s stock after selling 4,616 shares during the quarter. California State Teachers Retirement System owned 0.16% of DST Systems worth $7,962,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Captrust Financial Advisors purchased a new stake in DST Systems during the fourth quarter valued at about $100,000. Meeder Asset Management Inc. lifted its stake in DST Systems by 954.9% during the first quarter. Meeder Asset Management Inc. now owns 1,846 shares of the technology company’s stock valued at $153,000 after buying an additional 1,671 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new stake in DST Systems during the fourth quarter valued at about $205,000. Cullen Frost Bankers Inc. purchased a new stake in DST Systems during the first quarter valued at about $207,000. Finally, Clifford Swan Investment Counsel LLC purchased a new stake in DST Systems during the first quarter valued at about $268,000. 85.68% of the stock is owned by institutional investors.
DST stock opened at $83.99 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.43. DST Systems has a one year low of $50.22 and a one year high of $84.48. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 2.04 and a beta of 1.51.
Separately, Zacks Investment Research lowered shares of DST Systems from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 2nd. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. DST Systems has a consensus rating of “Hold” and an average price target of $68.50.
About DST Systems
DST Systems, Inc provides technology-based information processing and servicing solutions in the United States, the United Kingdom, Canada, Australia, and internationally. It operates through Domestic Financial Services, International Financial Services, and Healthcare Services segments. The Domestic Financial Services segment provides investor, investment, advisor/intermediary, and asset distribution services to companies in the financial services industry to support direct and intermediary sales of mutual funds, alternative investments, securities brokerage accounts, and retirement plans.
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