DST Systems, Inc. (DST) Shares Bought by Axa
Axa increased its stake in DST Systems, Inc. (NYSE:DST) by 9.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 228,700 shares of the technology company’s stock after purchasing an additional 19,900 shares during the quarter. Axa owned 0.38% of DST Systems worth $12,551,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. increased its holdings in DST Systems by 102.5% during the 2nd quarter. BlackRock Inc. now owns 5,347,693 shares of the technology company’s stock valued at $329,952,000 after acquiring an additional 2,707,284 shares in the last quarter. Vanguard Group Inc. increased its holdings in DST Systems by 97.3% during the 2nd quarter. Vanguard Group Inc. now owns 5,287,278 shares of the technology company’s stock valued at $326,225,000 after acquiring an additional 2,608,072 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of DST Systems by 100.8% during the second quarter. Wells Fargo & Company MN now owns 3,489,936 shares of the technology company’s stock worth $215,328,000 after buying an additional 1,751,490 shares in the last quarter. State Street Corp grew its holdings in shares of DST Systems by 93.6% during the second quarter. State Street Corp now owns 1,765,321 shares of the technology company’s stock worth $108,912,000 after buying an additional 853,405 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of DST Systems by 89.3% during the second quarter. Bank of New York Mellon Corp now owns 1,791,789 shares of the technology company’s stock worth $110,553,000 after buying an additional 845,267 shares in the last quarter. Institutional investors and hedge funds own 85.71% of the company’s stock.
Shares of DST Systems, Inc. (NYSE:DST) opened at $61.87 on Thursday. The company has a market cap of $3,710.77, a PE ratio of 20.04, a PEG ratio of 2.00 and a beta of 1.36. DST Systems, Inc. has a twelve month low of $50.22 and a twelve month high of $62.98. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.42.
The company also recently declared a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Wednesday, November 22nd were issued a dividend of $0.18 per share. The ex-dividend date was Tuesday, November 21st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.16%. DST Systems’s dividend payout ratio (DPR) is presently 10.63%.
DST has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of DST Systems from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Robert W. Baird reiterated a “buy” rating and set a $68.00 price target on shares of DST Systems in a report on Thursday, October 12th. Finally, Morgan Stanley lifted their price target on shares of DST Systems from $57.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. DST Systems has an average rating of “Buy” and a consensus target price of $68.50.
DST Systems 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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