Prudential PLC Increases Stake in DST Systems, Inc. (DST)

Prudential PLC grew its position in shares of DST Systems, Inc. (NYSE:DST) by 100.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,400 shares of the technology company’s stock after buying an additional 2,200 shares during the quarter. Prudential PLC’s holdings in DST Systems were worth $271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. First Bank & Trust lifted its holdings in shares of DST Systems by 99.8% during the 2nd quarter. First Bank & Trust now owns 1,718 shares of the technology company’s stock valued at $106,000 after buying an additional 858 shares during the last quarter. Two Sigma Securities LLC acquired a new stake in shares of DST Systems during the 1st quarter valued at about $228,000. CENTRAL TRUST Co lifted its holdings in shares of DST Systems by 3,458.3% during the 2nd quarter. CENTRAL TRUST Co now owns 2,135 shares of the technology company’s stock valued at $132,000 after buying an additional 2,075 shares during the last quarter. CWM LLC acquired a new stake in shares of DST Systems during the 2nd quarter valued at about $133,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of DST Systems by 119.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the technology company’s stock valued at $144,000 after buying an additional 1,266 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Several equities research analysts recently weighed in on DST shares. BidaskClub lowered DST Systems from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. DA Davidson started coverage on DST Systems in a report on Wednesday, June 21st. They issued a “buy” rating and a $72.00 target price for the company. Robert W. Baird restated a “buy” rating and issued a $68.00 target price on shares of DST Systems in a report on Thursday. Finally, Zacks Investment Research lowered DST Systems from a “buy” rating to a “hold” rating in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $70.00.

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Shares of DST Systems, Inc. (NYSE:DST) opened at 55.95 on Friday. DST Systems, Inc. has a 12-month low of $47.26 and a 12-month high of $62.94. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 5.64 and a beta of 1.31. The company has a 50-day moving average price of $53.40 and a 200 day moving average price of $57.79.

DST Systems (NYSE:DST) last issued its quarterly earnings results on Thursday, July 27th. The technology company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.02). DST Systems had a net margin of 11.20% and a return on equity of 24.02%. The company had revenue of $656.20 million for the quarter, compared to analyst estimates of $541.90 million. During the same period last year, the company posted $1.42 earnings per share. The business’s revenue for the quarter was up 68.0% on a year-over-year basis. Equities research analysts expect that DST Systems, Inc. will post $3.05 earnings per share for the current fiscal year.

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

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