MUFG Americas Holdings Corp Reduces Stake in DST Systems, Inc. (DST)
MUFG Americas Holdings Corp cut its position in DST Systems, Inc. (NYSE:DST) by 28.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,700 shares of the technology company’s stock after selling 7,310 shares during the quarter. MUFG Americas Holdings Corp’s holdings in DST Systems were worth $1,026,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. People s United Financial Inc. grew its stake in shares of DST Systems by 3.5% in the second quarter. People s United Financial Inc. now owns 12,959 shares of the technology company’s stock valued at $800,000 after buying an additional 443 shares in the last quarter. Stevens Capital Management LP grew its stake in shares of DST Systems by 3.7% in the second quarter. Stevens Capital Management LP now owns 14,902 shares of the technology company’s stock valued at $919,000 after buying an additional 538 shares in the last quarter. First Bank & Trust grew its stake 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 in the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of DST Systems by 3.1% in the third quarter. Oppenheimer & Co. Inc. now owns 30,764 shares of the technology company’s stock valued at $1,688,000 after buying an additional 914 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake 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 in the last quarter. 85.70% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently weighed in on the company. Robert W. Baird reaffirmed a “buy” rating and issued a $68.00 price objective on shares of DST Systems in a research note on Thursday, October 12th. Zacks Investment Research cut DST Systems from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. BidaskClub cut DST Systems from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. Finally, Morgan Stanley boosted their target price on DST Systems from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. DST Systems currently has an average rating of “Hold” and a consensus target price of $68.00.
DST Systems, Inc. (NYSE DST) opened at $62.11 on Friday. DST Systems, Inc. has a one year low of $50.22 and a one year high of $62.94. The company has a market capitalization of $3,768.58, a price-to-earnings ratio of 20.35, a P/E/G ratio of 2.03 and a beta of 1.36. 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 earnings results on Friday, October 20th. The technology company reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.03. DST Systems had a return on equity of 16.20% and a net margin of 21.26%. The firm had revenue of $562.60 million during the quarter, compared to analysts’ expectations of $523.57 million. During the same period in the previous year, the firm posted $0.77 EPS. DST Systems’s revenue for the quarter was up 45.5% on a year-over-year basis. analysts anticipate that DST Systems, Inc. will post 3.08 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 22nd will be paid a dividend of $0.18 per share. The ex-dividend date is Tuesday, November 21st. This represents a $0.72 annualized dividend and a yield of 1.16%. DST Systems’s payout ratio is 10.63%.
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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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