DST Systems, Inc. (DST) Stake Lessened by Piedmont Investment Advisors LLC

Piedmont Investment Advisors LLC trimmed its holdings in DST Systems, Inc. (NYSE:DST) by 30.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,280 shares of the technology company’s stock after selling 10,108 shares during the period. Piedmont Investment Advisors LLC’s holdings in DST Systems were worth $1,278,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of DST Systems by 102.5% in the second quarter. BlackRock Inc. now owns 5,347,693 shares of the technology company’s stock valued at $329,952,000 after buying an additional 2,707,284 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of DST Systems by 97.3% in the second quarter. Vanguard Group Inc. now owns 5,287,278 shares of the technology company’s stock valued at $326,225,000 after buying an additional 2,608,072 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of DST Systems by 100.8% in the second quarter. Wells Fargo & Company MN now owns 3,489,936 shares of the technology company’s stock valued at $215,328,000 after buying an additional 1,751,490 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of DST Systems by 89.3% in the second quarter. Bank of New York Mellon Corp now owns 1,791,789 shares of the technology company’s stock valued at $110,553,000 after buying an additional 845,267 shares during the last quarter. Finally, State Street Corp lifted its position in shares of DST Systems by 93.6% in the second quarter. State Street Corp now owns 1,765,321 shares of the technology company’s stock valued at $108,912,000 after buying an additional 853,405 shares during the last quarter. 85.78% of the stock is owned by institutional investors.

Several analysts recently weighed in on DST shares. Zacks Investment Research cut DST Systems from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Morgan Stanley lifted their price target on DST Systems from $57.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. Finally, Robert W. Baird reissued a “buy” rating and set a $68.00 price target on shares of DST Systems in a report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $68.00.

Shares of DST Systems, Inc. (NYSE DST) opened at $60.60 on Friday. The firm has a market capitalization of $3,600.56, a P/E ratio of 19.44, a P/E/G ratio of 1.94 and a beta of 1.36. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.09 and a current ratio of 1.09. DST Systems, Inc. has a fifty-two week low of $50.22 and a fifty-two week high of $62.98.

DST Systems (NYSE:DST) last announced its quarterly earnings data on Friday, October 20th. The technology company reported $0.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.03. The firm had revenue of $562.60 million during the quarter, compared to analysts’ expectations of $523.57 million. DST Systems had a return on equity of 16.20% and a net margin of 21.26%. The company’s quarterly revenue was up 45.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 EPS. analysts predict that DST Systems, Inc. will post 3.08 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd were issued a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $0.72 annualized dividend and a yield of 1.19%. DST Systems’s dividend payout ratio is presently 10.63%.

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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.

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

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