Castleark Management LLC boosted its position in shares of DST Systems, Inc. (NYSE:DST) by 100.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,680 shares of the technology company’s stock after acquiring an additional 11,840 shares during the period. Castleark Management LLC’s holdings in DST Systems were worth $1,461,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of DST. Envestnet Asset Management Inc. increased its stake in DST Systems by 9.3% during the first quarter. Envestnet Asset Management Inc. now owns 4,004 shares of the technology company’s stock valued at $489,000 after acquiring an additional 342 shares during the period. Principal Financial Group Inc. increased its stake in DST Systems by 0.9% during the first quarter. Principal Financial Group Inc. now owns 130,956 shares of the technology company’s stock valued at $16,042,000 after acquiring an additional 1,130 shares during the period. Advantus Capital Management Inc increased its stake in DST Systems by 2.5% during the first quarter. Advantus Capital Management Inc now owns 4,070 shares of the technology company’s stock valued at $499,000 after acquiring an additional 100 shares during the period. Royce & Associates LP increased its stake in DST Systems by 10.6% during the first quarter. Royce & Associates LP now owns 56,106 shares of the technology company’s stock valued at $6,873,000 after acquiring an additional 5,380 shares during the period. Finally, Legal & General Group Plc increased its stake in DST Systems by 8.9% during the first quarter. Legal & General Group Plc now owns 126,573 shares of the technology company’s stock valued at $15,505,000 after acquiring an additional 10,291 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Several brokerages recently issued reports on DST. Robert W. Baird restated a “buy” rating and set a $68.00 price target on shares of DST Systems in a research note on Thursday. BidaskClub lowered DST Systems from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. Zacks Investment Research lowered DST Systems from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, DA Davidson began coverage on DST Systems in a research note on Wednesday, June 21st. They set a “buy” rating and a $72.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $70.00.

DST Systems, Inc. (NYSE:DST) traded down 0.29% during midday trading on Monday, reaching $55.79. The company’s stock had a trading volume of 27,014 shares. The firm has a market cap of $3.38 billion, a P/E ratio of 5.62 and a beta of 1.31. The firm has a 50 day moving average price of $53.48 and a 200-day moving average price of $57.75. DST Systems, Inc. has a 52 week low of $47.26 and a 52 week high of $62.94.

DST Systems (NYSE:DST) last announced its earnings results on Thursday, July 27th. The technology company reported $0.76 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.02). DST Systems had a return on equity of 16.79% and a net margin of 35.46%. The business had revenue of $656.20 million for the quarter, compared to the consensus estimate of $541.90 million. During the same period in the prior year, the business posted $1.42 earnings per share. The firm’s revenue for the quarter was up 68.0% compared to the same quarter last year. On average, analysts forecast that DST Systems, Inc. will post $3.05 earnings per share for the current fiscal year.

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About DST Systems

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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Institutional Ownership by Quarter for DST Systems (NYSE:DST)

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