Fmr LLC Acquires 688,675 Shares of DST Systems, Inc. (DST)

Fmr LLC grew its holdings in DST Systems, Inc. (NYSE:DST) by 81.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,529,200 shares of the technology company’s stock after purchasing an additional 688,675 shares during the quarter. Fmr LLC owned approximately 2.48% of DST Systems worth $94,352,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Advantus Capital Management Inc raised its holdings in shares of DST Systems by 2.5% in the 1st quarter. Advantus Capital Management Inc now owns 4,070 shares of the technology company’s stock valued at $499,000 after purchasing an additional 100 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of DST Systems by 9.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,004 shares of the technology company’s stock valued at $489,000 after purchasing an additional 342 shares in the last quarter. Liberty Mutual Group Asset Management Inc. raised its holdings in shares of DST Systems by 2.9% in the 1st quarter. Liberty Mutual Group Asset Management Inc. now owns 14,162 shares of the technology company’s stock valued at $1,735,000 after purchasing an additional 399 shares in the last quarter. Stevens Capital Management LP raised its holdings in shares of DST Systems by 3.7% in the 2nd quarter. Stevens Capital Management LP now owns 14,902 shares of the technology company’s stock valued at $919,000 after purchasing an additional 538 shares in the last quarter. Finally, First Bank & Trust raised its holdings in shares of DST Systems by 99.8% in the 2nd quarter. First Bank & Trust now owns 1,718 shares of the technology company’s stock valued at $106,000 after purchasing an additional 858 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Several equities research analysts have recently commented on DST shares. DA Davidson started coverage on shares of DST Systems in a report on Wednesday, June 21st. They issued a “buy” rating and a $72.00 price target for the company. BidaskClub lowered shares of DST Systems from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Zacks Investment Research lowered shares of DST Systems from a “buy” rating to a “hold” rating in a report on Monday, July 31st.

Shares of DST Systems, Inc. (NYSE DST) opened at 56.01 on Wednesday. The stock has a 50 day moving average of $53.00 and a 200 day moving average of $57.83. DST Systems, Inc. has a 12-month low of $47.26 and a 12-month high of $62.94. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 5.65 and a beta of 1.31.

DST Systems (NYSE:DST) last posted its quarterly earnings data on Thursday, July 27th. The technology company reported $0.76 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.02). DST Systems had a net margin of 35.46% and a return on equity of 16.79%. The business had revenue of $656.20 million during the quarter, compared to analysts’ expectations of $541.90 million. During the same period in the previous year, the business posted $1.42 EPS. The company’s revenue for the quarter was up 68.0% compared to the same quarter last year. Analysts forecast that DST Systems, Inc. will post $3.05 earnings per share for the current year.

In other news, CFO Gregg Wm Givens sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $61.36, for a total value of $1,227,200.00. Following the completion of the transaction, the chief financial officer now owns 55,871 shares of the company’s stock, valued at $3,428,244.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last three months, insiders bought 1,112 shares of company stock valued at $59,822. Insiders own 1.82% of the company’s stock.

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

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