Brant Point Investment Management LLC purchased a new stake in DST Systems, Inc. (NYSE:DST) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 67,139 shares of the technology company’s stock, valued at approximately $4,167,000.
Several other institutional investors have also added to or reduced their stakes in DST. Penserra Capital Management LLC raised its holdings in shares of DST Systems by 59.0% in the fourth quarter. Penserra Capital Management LLC now owns 2,705 shares of the technology company’s stock valued at $167,000 after buying an additional 1,004 shares during the last quarter. SeaCrest Wealth Management LLC bought a new stake in DST Systems during the 4th quarter worth about $207,000. Wade G W & Inc. bought a new stake in DST Systems during the 4th quarter worth about $209,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in DST Systems by 35.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,463 shares of the technology company’s stock worth $215,000 after purchasing an additional 909 shares during the last quarter. Finally, Barings LLC bought a new stake in DST Systems during the 4th quarter worth about $222,000. 85.71% of the stock is owned by institutional investors and hedge funds.
Shares of DST Systems, Inc. (DST) opened at $83.17 on Thursday. The firm has a market capitalization of $4,935.48, a PE ratio of 24.82, a price-to-earnings-growth ratio of 2.02 and a beta of 1.60. DST Systems, Inc. has a twelve month low of $50.22 and a twelve month high of $84.48. The company has a current ratio of 1.07, a quick ratio of 1.09 and a debt-to-equity ratio of 0.43.
DST has been the subject of several recent research reports. Evercore ISI reissued an “in-line” rating on shares of DST Systems in a report on Friday, January 12th. Zacks Investment Research cut DST Systems from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. DA Davidson cut DST Systems from a “buy” rating to a “neutral” rating and set a $72.00 price objective for the company. in a report on Friday, January 12th. Finally, Robert W. Baird cut DST Systems from an “outperform” rating to a “neutral” rating and set a $72.00 price objective for the company. in a report on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $68.50.
In other news, VP Jonathan J. Boehm sold 20,000 shares of the company’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $64.50, for a total value of $1,290,000.00. Following the completion of the sale, the vice president now directly owns 75,518 shares of the company’s stock, valued at approximately $4,870,911. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders bought 877 shares of company stock valued at $59,820. 1.82% of the stock is currently owned by company insiders.
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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.
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