DST Systems, Inc. (DST) Shares Sold by Shelton Capital Management
Shelton Capital Management reduced its stake in shares of DST Systems, Inc. (NYSE:DST) by 17.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,643 shares of the technology company’s stock after selling 971 shares during the quarter. Shelton Capital Management’s holdings in DST Systems were worth $255,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of DST Systems by 119.4% in the 2nd 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 in the last quarter. Bank of Montreal Can raised its stake in shares of DST Systems by 102.6% in the 2nd 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 in the last quarter. WFG Advisors LP raised its stake in shares of DST Systems by 128.6% in the 2nd quarter. WFG Advisors LP now owns 3,205 shares of the technology company’s stock valued at $198,000 after buying an additional 1,803 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of DST Systems by 100.0% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,416 shares of the technology company’s stock valued at $211,000 after buying an additional 1,708 shares in the last quarter. Finally, Opus Capital Group LLC acquired a new position in shares of DST Systems in the 2nd quarter valued at $221,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.
DST Systems, Inc. (NYSE DST) opened at $60.60 on Friday. DST Systems, Inc. has a one year low of $50.22 and a one year high of $62.98. The stock has a market cap of $3,649.33, a price-to-earnings ratio of 19.71, a PEG ratio of 1.97 and a beta of 1.36. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.42.
DST Systems (NYSE:DST) last posted its earnings results on Friday, October 20th. The technology company reported $0.76 earnings per share 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 business had revenue of $562.60 million for the quarter, compared to analyst estimates of $523.57 million. During the same quarter in the prior year, the firm earned $0.77 EPS. The firm’s quarterly revenue was up 45.5% compared to the same quarter last year. sell-side analysts forecast that DST Systems, Inc. will post 3.08 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Wednesday, November 22nd were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Tuesday, November 21st. DST Systems’s payout ratio is 10.63%.
DST has been the subject of a number of recent research reports. Zacks Investment Research cut shares of DST Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Morgan Stanley increased their price objective on shares of DST Systems from $57.00 to $61.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Finally, Robert W. Baird restated a “buy” rating and issued a $68.00 price objective on shares of DST Systems in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. DST Systems has a consensus rating of “Hold” and a consensus target price of $68.00.
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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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