Balyasny Asset Management LLC Invests $531,000 in DST Systems, Inc. (DST)
Balyasny Asset Management LLC bought a new position in shares of DST Systems, Inc. (NYSE:DST) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,600 shares of the technology company’s stock, valued at approximately $531,000.
Other large investors have also bought and sold shares of the company. First Bank & Trust increased its position in shares of DST Systems by 99.8% during the second quarter. First Bank & Trust now owns 1,718 shares of the technology company’s stock worth $106,000 after acquiring an additional 858 shares in the last quarter. Two Sigma Securities LLC bought a new stake in shares of DST Systems during the first quarter worth about $228,000. CENTRAL TRUST Co increased its position in shares of DST Systems by 3,458.3% during the second quarter. CENTRAL TRUST Co now owns 2,135 shares of the technology company’s stock worth $132,000 after acquiring an additional 2,075 shares in the last quarter. CWM LLC bought a new stake in shares of DST Systems during the second quarter worth about $133,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of DST Systems by 119.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the technology company’s stock worth $144,000 after acquiring an additional 1,266 shares in the last quarter. 84.99% of the stock is owned by institutional investors.
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DST has been the subject of several recent research reports. DA Davidson initiated coverage on shares of DST Systems in a research report on Wednesday, June 21st. They set a “buy” rating and a $72.00 target price for the company. BidaskClub downgraded shares of DST Systems from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Zacks Investment Research downgraded shares of DST Systems from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Robert W. Baird reissued a “buy” rating and set a $68.00 target price on shares of DST Systems in a research report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $70.00.
Shares of DST Systems, Inc. (DST) opened at 55.37 on Thursday. DST Systems, Inc. has a 52-week low of $47.26 and a 52-week high of $62.94. The company has a market capitalization of $3.35 billion, a P/E ratio of 5.58 and a beta of 1.31. The stock’s 50 day moving average is $53.79 and its 200 day moving average is $57.64.
DST Systems (NYSE:DST) last issued its quarterly earnings results on Thursday, July 27th. The technology company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). The business had revenue of $656.20 million for the quarter, compared to analysts’ expectations of $541.90 million. DST Systems had a net margin of 35.46% and a return on equity of 16.79%. The company’s revenue was up 68.0% on a year-over-year basis. During the same period last year, the business earned $1.42 earnings per share. Equities analysts expect that DST Systems, Inc. will post $3.05 EPS for the current year.
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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