Russell Investments Group Ltd. Has $2.72 Million Stake in DST Systems (DST)

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Russell Investments Group Ltd. reduced its stake in DST Systems (NYSE:DST) by 8.6% during the 1st quarter, HoldingsChannel reports. The fund owned 32,464 shares of the technology company’s stock after selling 3,040 shares during the quarter. Russell Investments Group Ltd.’s holdings in DST Systems were worth $2,716,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in DST. BlackRock Inc. increased its holdings in DST Systems by 1.5% in the fourth quarter. BlackRock Inc. now owns 5,107,149 shares of the technology company’s stock valued at $317,001,000 after buying an additional 73,408 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in DST Systems by 137.7% in the first quarter. JPMorgan Chase & Co. now owns 1,103,398 shares of the technology company’s stock valued at $92,299,000 after buying an additional 639,250 shares during the last quarter. Gabelli Funds LLC increased its holdings in DST Systems by 3,862.3% in the first quarter. Gabelli Funds LLC now owns 990,574 shares of the technology company’s stock valued at $82,862,000 after buying an additional 965,574 shares during the last quarter. Sterling Capital Management LLC increased its holdings in DST Systems by 1.0% in the fourth quarter. Sterling Capital Management LLC now owns 977,474 shares of the technology company’s stock valued at $60,672,000 after buying an additional 10,067 shares during the last quarter. Finally, Paradice Investment Management LLC increased its holdings in DST Systems by 0.3% in the first quarter. Paradice Investment Management LLC now owns 972,463 shares of the technology company’s stock valued at $81,288,000 after buying an additional 2,964 shares during the last quarter. Institutional investors and hedge funds own 85.68% of the company’s stock.

Separately, Zacks Investment Research lowered DST Systems from a “strong-buy” rating to a “hold” rating in a report on Monday, April 2nd. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $68.50.

Shares of DST Systems opened at $83.99 on Wednesday, Marketbeat.com reports. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 2.04 and a beta of 1.51. DST Systems has a 1 year low of $50.22 and a 1 year high of $84.48. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.07 and a current ratio of 1.07.

DST Systems Company Profile

DST Systems, Inc provides technology-based information processing and servicing solutions in the United States, the United Kingdom, Canada, Australia, and internationally. It operates through Domestic Financial Services, International Financial Services, and Healthcare Services segments. The Domestic Financial Services segment provides investor, investment, advisor/intermediary, and asset distribution services to companies in the financial services industry to support direct and intermediary sales of mutual funds, alternative investments, securities brokerage accounts, and retirement plans.

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

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