Chicago Capital Management LLC Takes Position in DST Systems (DST)

Chicago Capital Management LLC bought a new position in DST Systems (NYSE:DST) in the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 278,405 shares of the technology company’s stock, valued at approximately $23,289,000. DST Systems accounts for about 9.1% of Chicago Capital Management LLC’s investment portfolio, making the stock its 2nd largest position. Chicago Capital Management LLC owned approximately 0.47% of DST Systems at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of DST. First Trust Advisors LP grew its position in DST Systems by 144.3% in the 4th quarter. First Trust Advisors LP now owns 696,446 shares of the technology company’s stock worth $43,228,000 after purchasing an additional 411,393 shares during the period. Vivaldi Asset Management LLC bought a new stake in DST Systems in the 1st quarter worth approximately $18,274,000. Amundi Pioneer Asset Management Inc. bought a new stake in DST Systems in the 4th quarter worth approximately $12,360,000. SG Americas Securities LLC grew its position in DST Systems by 1,071.0% in the 1st quarter. SG Americas Securities LLC now owns 188,385 shares of the technology company’s stock worth $15,758,000 after purchasing an additional 172,297 shares during the period. Finally, AXA grew its position in DST Systems by 66.5% in the 4th quarter. AXA now owns 380,800 shares of the technology company’s stock worth $23,637,000 after purchasing an additional 152,100 shares during the period. 85.68% of the stock is owned by institutional investors and hedge funds.

In other news, insider Vercie L. Lark sold 45,400 shares of the business’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $83.57, for a total transaction of $3,794,078.00. Following the completion of the sale, the insider now owns 77,702 shares of the company’s stock, valued at approximately $6,493,556.14. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Vercie L. Lark sold 5,400 shares of the business’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $83.64, for a total transaction of $451,656.00. Following the sale, the insider now directly owns 77,702 shares of the company’s stock, valued at approximately $6,498,995.28. The disclosure for this sale can be found here. Insiders own 1.82% of the company’s stock.

Shares of DST stock opened at $83.99 on Friday. DST Systems has a 1 year low of $50.22 and a 1 year high of $84.48. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.43. The firm has a market cap of $4.98 billion, a PE ratio of 25.00, a price-to-earnings-growth ratio of 2.04 and a beta of 1.51.

Separately, Zacks Investment Research downgraded shares of DST Systems from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $68.50.

About DST Systems

DST Systems, Inc provides technology-based information processing and servicing solutions in the United States, the United Kingdom, Canada, Australia, and internationally. It operates through Domestic Financial Services, International Financial Services, and Healthcare Services segments. The Domestic Financial Services segment provides investor, investment, advisor/intermediary, and asset distribution services to companies in the financial services industry to support direct and intermediary sales of mutual funds, alternative investments, securities brokerage accounts, and retirement plans.

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

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