BNP Paribas Arbitrage SA Acquires 130,737 Shares of DST Systems, Inc. (DST)
BNP Paribas Arbitrage SA grew its holdings in DST Systems, Inc. (NYSE:DST) by 76.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 301,130 shares of the technology company’s stock after buying an additional 130,737 shares during the period. BNP Paribas Arbitrage SA owned 0.50% of DST Systems worth $16,526,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. First Bank & Trust raised its position in shares of DST Systems by 99.8% in the second quarter. First Bank & Trust now owns 1,718 shares of the technology company’s stock valued at $106,000 after buying an additional 858 shares during the last quarter. CENTRAL TRUST Co raised its position in shares of DST Systems by 3,458.3% in the second quarter. CENTRAL TRUST Co now owns 2,135 shares of the technology company’s stock valued at $132,000 after buying an additional 2,075 shares during the last quarter. CWM LLC acquired a new stake in shares of DST Systems in the second quarter valued at about $133,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of DST Systems by 119.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the technology company’s stock valued at $144,000 after buying an additional 1,266 shares during the last quarter. Finally, Bank of Montreal Can raised its position 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 buying an additional 1,482 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.
Several equities research analysts recently issued reports on the stock. BidaskClub cut shares of DST Systems from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Zacks Investment Research cut shares of DST Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Robert W. Baird restated a “buy” rating and set a $68.00 price objective on shares of DST Systems in a research report on Thursday, October 12th. Finally, Morgan Stanley raised their price objective on shares of DST Systems from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. DST Systems currently has a consensus rating of “Hold” and an average price target of $68.00.
DST Systems, Inc. (NYSE DST) traded down $0.45 during trading on Monday, reaching $59.73. 24,956 shares of the company traded hands, compared to its average volume of 444,781. DST Systems, Inc. has a 52-week low of $48.51 and a 52-week high of $62.94. The firm has a market capitalization of $3,624.05, a PE ratio of 19.57, a P/E/G ratio of 1.95 and a beta of 1.35. 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 (NYSE:DST) last released its quarterly earnings data on Friday, October 20th. The technology company reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 analysts’ expectations of $523.57 million. During the same period last year, the business earned $0.77 earnings per share. DST Systems’s revenue was up 45.5% compared to the same quarter last year. research analysts anticipate that DST Systems, Inc. will post 3.08 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 22nd will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.21%. The ex-dividend date is Tuesday, November 21st. DST Systems’s payout ratio is currently 10.63%.
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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