Macquarie Group Ltd. Has $838,000 Holdings in DST Systems, Inc. (DST)
Macquarie Group Ltd. trimmed its holdings in shares of DST Systems, Inc. (NYSE:DST) by 10.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,260 shares of the technology company’s stock after selling 1,860 shares during the quarter. Macquarie Group Ltd.’s holdings in DST Systems were worth $838,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the business. SNS Financial Group LLC acquired a new position in DST Systems during the third quarter worth $262,000. Quantbot Technologies LP grew its position in shares of DST Systems by 96.1% in the third quarter. Quantbot Technologies LP now owns 45,755 shares of the technology company’s stock valued at $2,511,000 after purchasing an additional 22,418 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of DST Systems in the third quarter valued at about $876,000. Comerica Bank grew its position in shares of DST Systems by 67.6% in the third quarter. Comerica Bank now owns 80,697 shares of the technology company’s stock valued at $4,709,000 after purchasing an additional 32,559 shares during the last quarter. Finally, TCW Group Inc. acquired a new stake in shares of DST Systems in the third quarter valued at about $603,000. 85.78% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently issued reports on DST. Robert W. Baird raised their price target on DST Systems from $68.00 to $72.00 and gave the company an “outperform” rating in a research report on Sunday, October 22nd. Zacks Investment Research downgraded DST Systems from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. Finally, Morgan Stanley raised their price target on DST Systems from $57.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, two have assigned 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 price target of $68.00.
DST Systems (NYSE:DST) last released its earnings results on Friday, October 20th. The technology company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.03. DST Systems had a return on equity of 16.20% and a net margin of 21.26%. The business had revenue of $562.60 million for the quarter, compared to the consensus estimate of $523.57 million. During the same period last year, the business earned $0.77 earnings per share. The firm’s revenue for the quarter was up 45.5% compared to the same quarter last year. sell-side analysts predict that DST Systems, Inc. will post 3.08 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Wednesday, November 22nd were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Tuesday, November 21st. DST Systems’s dividend payout ratio (DPR) is presently 10.63%.
DST Systems Company 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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