BlueCrest Capital Management Ltd bought a new stake in DST Systems, Inc. (NYSE:DST) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,301 shares of the technology company’s stock, valued at approximately $205,000.
Other large investors have also bought and sold shares of the company. Penserra Capital Management LLC increased its stake in shares of DST Systems by 59.0% during the 4th quarter. Penserra Capital Management LLC now owns 2,705 shares of the technology company’s stock worth $167,000 after purchasing an additional 1,004 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new position in shares of DST Systems in the 4th quarter valued at $207,000. Wade G W & Inc. acquired a new position in shares of DST Systems in the 4th quarter valued at $209,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of DST Systems by 35.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,463 shares of the technology company’s stock valued at $215,000 after purchasing an additional 909 shares during the last quarter. Finally, Barings LLC acquired a new position in shares of DST Systems during the 4th quarter valued at $222,000. 85.67% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have commented on DST. Zacks Investment Research lowered shares of DST Systems from a “strong-buy” rating to a “hold” rating in a report on Monday, April 2nd. Robert W. Baird downgraded shares of DST Systems from an “outperform” rating to a “neutral” rating and set a $72.00 price objective for the company. in a research report 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 lowered shares of DST Systems from a “buy” rating to a “neutral” rating and set a $72.00 price target for the company. in a research note on Friday, January 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $68.50.
In other DST Systems news, insider Vercie L. Lark sold 45,400 shares of DST Systems stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $83.57, for a total value of $3,794,078.00. Following the transaction, the insider now owns 77,702 shares of the company’s stock, valued at $6,493,556.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Vercie L. Lark sold 5,400 shares of DST Systems stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $83.64, for a total transaction of $451,656.00. Following the completion of the transaction, the insider now directly owns 77,702 shares in the company, valued at approximately $6,498,995.28. The disclosure for this sale can be found here. 1.82% of the stock is currently owned by company insiders.
Shares of DST traded down $0.04 during mid-day trading on Thursday, hitting $83.67. 336,633 shares of the company’s stock were exchanged, compared to its average volume of 1,202,279. 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, Inc. has a twelve month low of $50.22 and a twelve month high of $84.48. The firm has a market cap of $4,963.36, a price-to-earnings ratio of 24.91, a price-to-earnings-growth ratio of 2.03 and a beta of 1.51.
DST Systems (NYSE:DST) last announced its quarterly earnings data on Monday, January 29th. The technology company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.27. The company had revenue of $552.70 million during the quarter, compared to analysts’ expectations of $538.38 million. DST Systems had a net margin of 20.35% and a return on equity of 16.90%. The business’s revenue was up 47.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.83 EPS. research analysts predict that DST Systems, Inc. will post 4.13 earnings per share for the current fiscal year.
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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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