Shelton Capital Management Buys New Stake in DST Systems, Inc. (DST)
Shelton Capital Management bought a new position in DST Systems, Inc. (NYSE:DST) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 5,614 shares of the technology company’s stock, valued at approximately $346,000.
A number of other large investors also recently made changes to their positions in the stock. Macquarie Group Ltd. purchased a new position in DST Systems in the second quarter worth $1,056,000. Flinton Capital Management LLC grew its position in DST Systems by 166.1% in the second quarter. Flinton Capital Management LLC now owns 16,830 shares of the technology company’s stock worth $1,038,000 after acquiring an additional 10,506 shares in the last quarter. Prudential PLC grew its position in DST Systems by 100.0% in the second quarter. Prudential PLC now owns 4,400 shares of the technology company’s stock worth $271,000 after acquiring an additional 2,200 shares in the last quarter. Punch & Associates Investment Management Inc. grew its position in DST Systems by 95.3% in the second quarter. Punch & Associates Investment Management Inc. now owns 58,368 shares of the technology company’s stock worth $3,601,000 after acquiring an additional 28,483 shares in the last quarter. Finally, Royal Bank of Canada grew its position in DST Systems by 151.3% in the second quarter. Royal Bank of Canada now owns 30,978 shares of the technology company’s stock worth $1,912,000 after acquiring an additional 18,651 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.
DST has been the subject of several research reports. BidaskClub lowered shares of DST Systems from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. DA Davidson initiated coverage on shares of DST Systems in a research report on Wednesday, June 21st. They issued a “buy” rating and a $72.00 target price for the company. Robert W. Baird reiterated a “buy” rating and issued a $68.00 target price on shares of DST Systems in a research report on Thursday. Finally, Zacks Investment Research lowered shares of DST Systems from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $70.00.
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DST Systems, Inc. (NYSE DST) opened at 56.28 on Friday. The company has a 50-day moving average of $53.27 and a 200 day moving average of $57.81. DST Systems, Inc. has a 12 month low of $47.26 and a 12 month high of $62.94. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 5.67 and a beta of 1.31.
DST Systems (NYSE:DST) last issued its quarterly earnings data on Thursday, July 27th. The technology company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). DST Systems had a return on equity of 16.79% and a net margin of 35.46%. 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 earned $1.42 earnings per share. The business’s quarterly revenue was up 68.0% on a year-over-year basis. On average, equities research analysts anticipate that DST Systems, Inc. will post $3.05 earnings per share for the current fiscal year.
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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