DST Systems, Inc. (DST) Stake Lessened by KBC Group NV

KBC Group NV cut its holdings in shares of DST Systems, Inc. (NYSE:DST) by 22.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,895 shares of the technology company’s stock after selling 8,066 shares during the period. KBC Group NV’s holdings in DST Systems were worth $1,531,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of DST Systems by 119.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the technology company’s stock valued at $144,000 after acquiring an additional 1,266 shares during the period. Bank of Montreal Can increased its position in shares of DST Systems by 102.6% in the 2nd quarter. Bank of Montreal Can now owns 2,926 shares of the technology company’s stock valued at $180,000 after acquiring an additional 1,482 shares during the period. WFG Advisors LP increased its position in shares of DST Systems by 128.6% in the 2nd quarter. WFG Advisors LP now owns 3,205 shares of the technology company’s stock valued at $198,000 after acquiring an additional 1,803 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of DST Systems by 100.0% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,416 shares of the technology company’s stock valued at $211,000 after acquiring an additional 1,708 shares during the period. Finally, Opus Capital Group LLC acquired a new position in shares of DST Systems in the 2nd quarter valued at $221,000. 85.78% of the stock is currently owned by institutional investors and hedge funds.

DST Systems, Inc. (NYSE DST) traded down $0.36 during trading hours on Wednesday, reaching $60.87. 285,500 shares of the company’s stock traded hands, compared to its average volume of 436,391. DST Systems, Inc. has a one year low of $50.22 and a one year high of $62.98. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $3,687.28, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 1.99 and a beta of 1.36.

DST Systems (NYSE:DST) last posted its quarterly earnings results on Friday, October 20th. The technology company reported $0.76 EPS for the quarter, beating the 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 company had revenue of $562.60 million for the quarter, compared to analyst estimates of $523.57 million. During the same period in the prior year, the company earned $0.77 earnings per share. The firm’s revenue was up 45.5% on a year-over-year basis. research analysts predict that DST Systems, Inc. will post 3.08 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.18%. The ex-dividend date was Tuesday, November 21st. DST Systems’s payout ratio is 10.63%.

Several research firms recently issued reports on DST. Zacks Investment Research downgraded DST Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Morgan Stanley upped their target price 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. Finally, Robert W. Baird upped their target price on DST Systems from $68.00 to $72.00 and gave the company an “outperform” rating in a research report on Sunday, October 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus 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.

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

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