Allianz Asset Management GmbH decreased its position in DST Systems, Inc. (NYSE:DST) by 1.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 811,190 shares of the technology company’s stock after selling 9,987 shares during the period. Allianz Asset Management GmbH owned 1.35% of DST Systems worth $44,518,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the business. People s United Financial Inc. boosted its holdings in 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 purchasing an additional 443 shares during the last quarter. Stevens Capital Management LP boosted its holdings in 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 purchasing an additional 538 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in 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 purchasing an additional 914 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in 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 purchasing an additional 1,266 shares during the last quarter. Finally, Smith Moore & CO. boosted its stake in shares of DST Systems by 22.4% during the 3rd quarter. Smith Moore & CO. now owns 7,299 shares of the technology company’s stock worth $401,000 after acquiring an additional 1,335 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.
Shares of DST Systems, Inc. (DST) traded down $0.06 during midday trading on Thursday, hitting $61.11. 156,500 shares of the stock were exchanged, compared to its average volume of 439,137. The firm has a market cap of $3,683.67, a P/E ratio of 19.89, a P/E/G ratio of 1.98 and a beta of 1.36. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.09 and a quick ratio of 1.09. DST Systems, Inc. has a fifty-two week low of $50.22 and a fifty-two week high of $62.98.
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, beating 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 firm had revenue of $562.60 million during the quarter, compared to the consensus estimate of $523.57 million. During the same quarter last year, the firm earned $0.77 EPS. The firm’s revenue for the quarter was up 45.5% on a year-over-year basis. equities research analysts forecast 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 issued a $0.18 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $0.72 annualized dividend and a yield of 1.18%. DST Systems’s dividend payout ratio (DPR) is presently 10.63%.
Several research firms have recently issued reports on DST. Robert W. Baird reissued a “buy” rating and set a $68.00 target price on shares of DST Systems in a research note on Thursday, October 12th. Zacks Investment Research lowered shares of DST Systems from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. Finally, Morgan Stanley raised their price target 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average 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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