DST Systems, Inc. (DST) Shares Bought by Sei Investments Co.
Sei Investments Co. raised its holdings in DST Systems, Inc. (NYSE:DST) by 10.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 132,028 shares of the technology company’s stock after acquiring an additional 12,794 shares during the quarter. Sei Investments Co. owned approximately 0.22% of DST Systems worth $7,246,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also made changes to their positions in DST. BlackRock Inc. grew its position in DST Systems by 102.5% in the 2nd quarter. BlackRock Inc. now owns 5,347,693 shares of the technology company’s stock valued at $329,952,000 after acquiring an additional 2,707,284 shares during the last quarter. Vanguard Group Inc. grew its position in DST Systems by 97.3% in the 2nd quarter. Vanguard Group Inc. now owns 5,287,278 shares of the technology company’s stock valued at $326,225,000 after acquiring an additional 2,608,072 shares during the last quarter. Wells Fargo & Company MN grew its position in DST Systems by 100.8% in the 2nd quarter. Wells Fargo & Company MN now owns 3,489,936 shares of the technology company’s stock valued at $215,328,000 after acquiring an additional 1,751,490 shares during the last quarter. State Street Corp grew its position in DST Systems by 93.6% in the 2nd quarter. State Street Corp now owns 1,765,321 shares of the technology company’s stock valued at $108,912,000 after acquiring an additional 853,405 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in DST Systems by 89.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,791,789 shares of the technology company’s stock valued at $110,553,000 after acquiring an additional 845,267 shares during the last quarter. 85.39% of the stock is currently owned by institutional investors.
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Several brokerages have commented on DST. BidaskClub downgraded DST Systems from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Zacks Investment Research downgraded DST Systems from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. Morgan Stanley increased their price target on DST Systems from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday, October 23rd. Finally, Robert W. Baird increased their price target on DST Systems from $68.00 to $72.00 and gave the stock an “outperform” rating in a research report on Sunday, October 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. DST Systems currently has a consensus rating of “Hold” and a consensus target price of $68.00.
DST Systems, Inc. (NYSE DST) traded down $0.60 on Friday, hitting $59.74. The stock had a trading volume of 287,100 shares, compared to its average volume of 440,410. DST Systems, Inc. has a fifty-two week low of $50.22 and a fifty-two week high of $62.94. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.42. The company has a market cap of $3,597.55, a P/E ratio of 19.43, a price-to-earnings-growth ratio of 1.94 and a beta of 1.35.
DST Systems (NYSE:DST) last posted its quarterly earnings results on Friday, October 20th. The technology company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.03. DST Systems had a return on equity of 16.20% and a net margin of 21.26%. The business had revenue of $562.60 million for the quarter, compared to the consensus estimate of $523.57 million. During the same quarter in the prior year, the company earned $0.77 EPS. The business’s revenue was up 45.5% compared to the same quarter last year. equities analysts forecast that DST Systems, Inc. will post 3.08 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 22nd will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Tuesday, November 21st. DST Systems’s payout ratio is 10.63%.
DST Systems Company 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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