Neuberger Berman Group LLC Buys 54,508 Shares of DST Systems, Inc. (DST)

Neuberger Berman Group LLC increased its stake in shares of DST Systems, Inc. (NYSE:DST) by 10.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 586,447 shares of the technology company’s stock after purchasing an additional 54,508 shares during the period. Neuberger Berman Group LLC owned 0.97% of DST Systems worth $32,184,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. People s United Financial Inc. increased its stake in DST Systems by 3.5% in the 2nd quarter. People s United Financial Inc. now owns 12,959 shares of the technology company’s stock worth $800,000 after acquiring an additional 443 shares during the last quarter. Stevens Capital Management LP increased its stake in DST Systems by 3.7% in the 2nd quarter. Stevens Capital Management LP now owns 14,902 shares of the technology company’s stock worth $919,000 after acquiring an additional 538 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in DST Systems by 3.1% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 30,764 shares of the technology company’s stock worth $1,688,000 after acquiring an additional 914 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in DST Systems by 119.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the technology company’s stock worth $144,000 after acquiring an additional 1,266 shares during the last quarter. Finally, Smith Moore & CO. increased its stake in DST Systems by 22.4% in the 3rd quarter. Smith Moore & CO. now owns 7,299 shares of the technology company’s stock worth $401,000 after acquiring an additional 1,335 shares during the last quarter. 85.71% of the stock is currently owned by institutional investors and hedge funds.

DST Systems, Inc. (DST) opened at $62.17 on Friday. The firm has a market capitalization of $3,725.82, a PE ratio of 20.12, a price-to-earnings-growth ratio of 2.01 and a beta of 1.36. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.42. DST Systems, Inc. has a one year low of $50.22 and a one year high of $62.98.

DST Systems (NYSE:DST) last announced its earnings results on Friday, October 20th. The technology company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.03. The business had revenue of $562.60 million for the quarter, compared to analyst estimates 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 prior year, the company earned $0.77 EPS. equities analysts predict that DST Systems, Inc. will post 3.08 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Wednesday, November 22nd were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $0.72 annualized dividend and a dividend yield of 1.16%. DST Systems’s dividend payout ratio (DPR) is presently 10.63%.

A number of brokerages have weighed in on DST. Zacks Investment Research upgraded DST Systems from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research note on Wednesday. Morgan Stanley upped their target price on DST Systems from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. Finally, Robert W. Baird upped their target price on DST Systems from $68.00 to $72.00 and gave the stock an “outperform” rating in a research note on Sunday, October 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $68.50.

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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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