DST Systems, Inc. (DST) Position Increased by Westwood Holdings Group Inc.
Westwood Holdings Group Inc. increased its holdings in shares of DST Systems, Inc. (NYSE:DST) by 100.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,600 shares of the technology company’s stock after purchasing an additional 8,800 shares during the quarter. Westwood Holdings Group Inc.’s holdings in DST Systems were worth $1,086,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. First Bank & Trust increased its position in shares of DST Systems by 99.8% during the 2nd quarter. First Bank & Trust now owns 1,718 shares of the technology company’s stock worth $106,000 after purchasing an additional 858 shares during the last quarter. CENTRAL TRUST Co increased its position in shares of DST Systems by 3,458.3% during the 2nd quarter. CENTRAL TRUST Co now owns 2,135 shares of the technology company’s stock worth $132,000 after purchasing an additional 2,075 shares during the last quarter. CWM LLC acquired a new stake in shares of DST Systems during the 2nd quarter worth about $133,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of DST Systems by 119.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the technology company’s stock worth $144,000 after purchasing an additional 1,266 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of DST Systems by 102.6% during the 2nd quarter. Bank of Montreal Can now owns 2,926 shares of the technology company’s stock worth $180,000 after purchasing an additional 1,482 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.
Shares of DST Systems, Inc. (DST) traded down 0.29% during mid-day trading on Monday, hitting $55.79. The company had a trading volume of 27,114 shares. DST Systems, Inc. has a 12 month low of $47.26 and a 12 month high of $62.94. The company has a market cap of $3.38 billion, a PE ratio of 5.62 and a beta of 1.31. The firm has a 50-day moving average of $53.48 and a 200-day moving average of $57.75.
DST Systems (NYSE:DST) last released its earnings results on Thursday, July 27th. The technology company reported $0.76 earnings per share 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 analysts’ expectations of $541.90 million. During the same quarter last year, the company posted $1.42 earnings per share. The business’s quarterly revenue was up 68.0% compared to the same quarter last year. On average, analysts expect that DST Systems, Inc. will post $3.05 EPS for the current year.
A number of analysts recently issued reports on the company. Robert W. Baird reissued a “buy” rating and set a $68.00 price objective on shares of DST Systems in a research report on Thursday. BidaskClub downgraded DST Systems from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th. Zacks Investment Research downgraded DST Systems from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, DA Davidson assumed coverage on DST Systems in a research report on Wednesday, June 21st. They set a “buy” rating and a $72.00 price objective for the company. 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 an average rating of “Hold” and a consensus target price of $70.00.
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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