Legal & General Group Plc raised its holdings in shares of DST Systems, Inc. (NYSE:DST) by 2.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 289,578 shares of the technology company’s stock after acquiring an additional 7,543 shares during the quarter. Legal & General Group Plc owned approximately 0.48% of DST Systems worth $15,893,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Wedge Capital Management L L P NC increased its holdings in DST Systems by 5,404.0% during the 3rd quarter. Wedge Capital Management L L P NC now owns 414,563 shares of the technology company’s stock valued at $22,751,000 after acquiring an additional 407,031 shares in the last quarter. Principal Financial Group Inc. increased its holdings in DST Systems by 103.5% during the 2nd quarter. Principal Financial Group Inc. now owns 266,543 shares of the technology company’s stock valued at $16,446,000 after acquiring an additional 135,587 shares in the last quarter. KBC Group NV increased its holdings in DST Systems by 11.4% during the 2nd quarter. KBC Group NV now owns 35,961 shares of the technology company’s stock valued at $2,219,000 after acquiring an additional 3,671 shares in the last quarter. Fisher Asset Management LLC increased its holdings in DST Systems by 11.0% during the 3rd quarter. Fisher Asset Management LLC now owns 1,496,669 shares of the technology company’s stock valued at $82,137,000 after acquiring an additional 148,849 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of DST Systems by 103.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 668,227 shares of the technology company’s stock worth $41,227,000 after purchasing an additional 340,305 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Shares of DST Systems, Inc. (NYSE:DST) opened at $61.23 on Tuesday. DST Systems, Inc. has a 12 month low of $50.22 and a 12 month high of $62.98. The stock has a market cap of $3,690.00, a PE ratio of 20.10, a price-to-earnings-growth ratio of 2.00 and a beta of 1.36. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.42.

DST Systems (NYSE:DST) last released its earnings results on Friday, October 20th. The technology company reported $0.76 earnings per share (EPS) for the quarter, topping 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 business had revenue of $562.60 million for the quarter, compared to analysts’ expectations of $523.57 million. During the same period last year, the company earned $0.77 earnings per share. The company’s quarterly revenue was up 45.5% on a year-over-year basis. sell-side analysts predict 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 was paid on Friday, December 8th. Investors of record on Wednesday, November 22nd were given a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $0.72 annualized dividend and a dividend yield of 1.18%. DST Systems’s dividend payout ratio is presently 10.88%.

DST has been the topic of several analyst reports. Zacks Investment Research cut shares of DST Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Robert W. Baird reaffirmed a “buy” rating and set a $68.00 price target on shares of DST Systems in a research note on Thursday, October 12th. Finally, Morgan Stanley raised their price target on shares of DST Systems from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. One equities research 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. DST Systems currently has an average rating of “Hold” and an average price target of $68.00.

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

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