Dean Investment Associates LLC Grows Stake in DST Systems, Inc. (DST)
Dean Investment Associates LLC lifted its stake in shares of DST Systems, Inc. (NYSE:DST) by 767.1% in the 4th quarter, HoldingsChannel reports. The fund owned 97,717 shares of the technology company’s stock after acquiring an additional 86,448 shares during the quarter. DST Systems comprises 0.9% of Dean Investment Associates LLC’s holdings, making the stock its 20th biggest position. Dean Investment Associates LLC’s holdings in DST Systems were worth $6,065,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WFG Advisors LP boosted its stake in shares of DST Systems by 128.6% during the 2nd quarter. WFG Advisors LP now owns 3,205 shares of the technology company’s stock worth $198,000 after acquiring an additional 1,803 shares in the last quarter. SeaCrest Wealth Management LLC bought a new stake in shares of DST Systems during the 4th quarter worth $207,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of DST Systems by 35.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,463 shares of the technology company’s stock worth $215,000 after acquiring an additional 909 shares in the last quarter. Intl Fcstone Inc. bought a new stake in shares of DST Systems during the 2nd quarter worth $221,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of DST Systems during the 4th quarter worth $235,000. 86.76% of the stock is owned by institutional investors and hedge funds.
DST has been the subject of several research reports. Evercore ISI reissued an “in-line” rating on shares of DST Systems in a research note on Friday, January 12th. Zacks Investment Research lowered DST Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Robert W. Baird reissued a “buy” rating and set a $68.00 price objective on shares of DST Systems in a research note on Thursday, October 12th. DA Davidson lowered DST Systems from a “buy” rating to a “neutral” rating and set a $72.00 price objective for the company. in a research note on Friday, January 12th. Finally, Morgan Stanley raised their target price 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. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $68.50.
DST Systems (NYSE:DST) last issued its earnings results on Monday, January 29th. The technology company reported $1.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.27. The business had revenue of $552.70 million during the quarter, compared to analysts’ expectations of $538.38 million. DST Systems had a return on equity of 16.90% and a net margin of 20.35%. DST Systems’s revenue was up 47.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.83 earnings per share. research analysts expect that DST Systems, Inc. will post 3.94 EPS for the current year.
In other news, VP Jonathan J. Boehm sold 20,000 shares of the firm’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $64.50, for a total value of $1,290,000.00. Following the completion of the sale, the vice president now owns 75,518 shares of the company’s stock, valued at $4,870,911. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders bought 877 shares of company stock valued at $59,820. 1.82% of the stock is currently owned by insiders.
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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