Alps Advisors Inc. Buys New Stake in DST Systems, Inc. (DST)
Alps Advisors Inc. bought a new position in shares of DST Systems, Inc. (NYSE:DST) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,931 shares of the technology company’s stock, valued at approximately $490,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. First Bank & Trust increased its position in shares of DST Systems by 99.8% during the second quarter. First Bank & Trust now owns 1,718 shares of the technology company’s stock worth $106,000 after acquiring 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 second quarter. CENTRAL TRUST Co now owns 2,135 shares of the technology company’s stock worth $132,000 after acquiring an additional 2,075 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of DST Systems by 119.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the technology company’s stock worth $144,000 after acquiring an additional 1,266 shares during the last quarter. Bank of Montreal Can increased its position in shares of DST Systems by 102.6% during the second quarter. Bank of Montreal Can now owns 2,926 shares of the technology company’s stock worth $180,000 after acquiring an additional 1,482 shares during the last quarter. Finally, WFG Advisors LP increased its position in shares of DST Systems by 128.6% during the second 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 during the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.
Shares of DST Systems, Inc. (NYSE DST) opened at $59.77 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $3,599.35, a PE ratio of 19.44, a P/E/G ratio of 1.94 and a beta of 1.35. DST Systems, Inc. has a fifty-two week low of $50.22 and a fifty-two week high of $62.94.
DST Systems (NYSE:DST) last announced its quarterly earnings data 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. The firm had revenue of $562.60 million during the quarter, compared to analyst estimates of $523.57 million. DST Systems had a return on equity of 16.20% and a net margin of 21.26%. DST Systems’s quarterly revenue was up 45.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.77 earnings per share. equities analysts anticipate that DST Systems, Inc. will post 3.08 EPS for the current year.
The company also recently disclosed 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. This represents a $0.72 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Tuesday, November 21st. DST Systems’s dividend payout ratio is currently 10.63%.
DST has been the topic of a number of analyst reports. BidaskClub lowered DST Systems from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Zacks Investment Research lowered DST Systems from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Robert W. Baird reissued a “buy” rating and issued a $68.00 price objective on shares of DST Systems in a report on Thursday, October 12th. Finally, Morgan Stanley boosted their price objective on DST Systems from $57.00 to $61.00 and gave the company an “equal weight” rating in a report 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 company currently has an average rating of “Hold” and an average target price of $68.00.
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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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