Short Interest in DST Systems, Inc. (DST) Increases By 61.3%
DST Systems, Inc. (NYSE:DST) was the target of a large increase in short interest in the month of September. As of September 29th, there was short interest totalling 1,038,371 shares, an increase of 61.3% from the September 15th total of 643,891 shares. Based on an average trading volume of 453,974 shares, the short-interest ratio is presently 2.3 days. Currently, 1.7% of the shares of the company are sold short.
Hedge funds have recently bought and sold shares of the company. First Bank & Trust boosted its holdings in shares of DST Systems by 99.8% in the second quarter. First Bank & Trust now owns 1,718 shares of the technology company’s stock valued at $106,000 after acquiring an additional 858 shares during the period. CENTRAL TRUST Co boosted its holdings in shares of DST Systems by 3,458.3% in the second quarter. CENTRAL TRUST Co now owns 2,135 shares of the technology company’s stock valued at $132,000 after acquiring an additional 2,075 shares during the period. CWM LLC acquired a new stake in shares of DST Systems in the second quarter valued at approximately $133,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of DST Systems by 119.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the technology company’s stock valued at $144,000 after acquiring an additional 1,266 shares during the period. Finally, Bank of Montreal Can boosted its holdings in shares of DST Systems by 102.6% in the second quarter. Bank of Montreal Can now owns 2,926 shares of the technology company’s stock valued at $180,000 after acquiring an additional 1,482 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.
Several analysts have commented on the stock. DA Davidson assumed coverage on shares of DST Systems in a research note on Wednesday, June 21st. They set a “buy” rating and a $72.00 price objective for the company. BidaskClub cut shares of DST Systems from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Robert W. Baird restated a “buy” rating and set a $68.00 price objective on shares of DST Systems in a research note on Thursday, October 12th. Finally, Zacks Investment Research cut shares of DST Systems from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. One investment 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 a consensus rating of “Hold” and a consensus price target of $70.00.
Shares of DST Systems (DST) opened at 55.40 on Tuesday. The firm’s 50-day moving average is $53.48 and its 200 day moving average is $57.75. The firm has a market capitalization of $3.35 billion, a PE ratio of 8.39 and a beta of 1.31. DST Systems has a 52 week low of $47.26 and a 52 week high of $62.94.
DST Systems (NYSE:DST) last posted its quarterly earnings data on Thursday, July 27th. The technology company reported $0.76 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.02). The firm had revenue of $656.20 million during the quarter, compared to analyst estimates of $541.90 million. DST Systems had a net margin of 35.46% and a return on equity of 16.79%. DST Systems’s revenue was up 68.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.42 earnings per share. On average, equities analysts forecast that DST Systems will post $3.05 earnings per share for the current year.
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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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