SeaCrest Wealth Management LLC Takes Position in DST Systems, Inc. (DST)
SeaCrest Wealth Management LLC purchased a new stake in shares of DST Systems, Inc. (NYSE:DST) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,337 shares of the technology company’s stock, valued at approximately $207,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WFG Advisors LP lifted 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 valued at $198,000 after purchasing an additional 1,803 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of DST Systems by 35.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,463 shares of the technology company’s stock valued at $215,000 after purchasing an additional 909 shares in the last quarter. Intl Fcstone Inc. bought a new position in shares of DST Systems during the second quarter valued at about $221,000. State of Alaska Department of Revenue bought a new position in shares of DST Systems during the fourth quarter valued at about $235,000. Finally, SNS Financial Group LLC bought a new position in shares of DST Systems during the third quarter valued at about $262,000. 86.41% of the stock is currently owned by institutional investors.
A number of research firms recently weighed in on DST. Robert W. Baird lowered shares of DST Systems from an “outperform” rating to a “neutral” rating and set a $72.00 price target on the stock. in a research report on Wednesday, January 17th. Evercore ISI reaffirmed an “in-line” rating on shares of DST Systems in a research report on Friday, January 12th. DA Davidson lowered shares of DST Systems from a “buy” rating to a “neutral” rating and set a $72.00 price objective on the stock. in a research report on Friday, January 12th. Zacks Investment Research lowered shares of DST Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Finally, Morgan Stanley lifted their price objective on shares of DST Systems from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday, October 23rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. DST Systems has a consensus rating of “Hold” and an average target price of $68.50.
DST Systems (NYSE:DST) last announced its quarterly earnings data on Monday, January 29th. The technology company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.84 by $0.27. The business had revenue of $552.70 million for the quarter, compared to analyst estimates of $538.38 million. DST Systems had a net margin of 20.35% and a return on equity of 16.90%. The company’s revenue for the quarter was up 47.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 earnings per share. equities analysts forecast that DST Systems, Inc. will post 3.94 EPS for the current year.
In other DST Systems news, VP Jonathan J. Boehm sold 20,000 shares of DST Systems stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $64.50, for a total value of $1,290,000.00. Following the sale, the vice president now owns 75,518 shares of the company’s stock, valued at $4,870,911. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders acquired 877 shares of company stock worth $59,820. Insiders own 1.82% of the company’s stock.
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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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