Traders are feeling more bullish on Dst Systems of late if you take note of the decrease in short interest. The company saw a fall in short interest of -31.37% between October 13, 2017 and October 31, 2017. Short interest decreased from 945,458 to 648,850 over that period. With short interest at 648,850 and short average daily volume at 502,145, days to cover is 1.0 and the percentage of shorted shares is 0.01% as of October 31.
These funds have shifted positions in (DST). As of the end of the quarter Dimensional Fund Advisors Lp had acquired 103,723 shares growing its holdings by 15.5%. The value of the investment in DST increased from $41,227,000 to $42,365,000 a change of $1,138,000 quarter to quarter. Ubs Asset Management Americas Inc bolstered its holdings by buying 749 shares an increase of 2,340.6% as of 09/30/2017. Ubs Asset Management Americas Inc now holds 781 shares worth $42,861,000. The total value of its holdings increased 2,071.3%.
Paradice Investment Management LLC augmented its stake by buying 319,063 shares an increase of 54.3%. Paradice Investment Management LLC controls 906,629 shares with a value of $49,756,000. The value of the position overall is up by 37.2%. As of quarter end Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had sold a total of 187 shares trimming its position 2.1%. The value of the total investment in Dst Systems went from $556,000 to $484,000 a change of 12.9% quarter over quarter.
Equity analyst Morgan Stanley raised the price target on October 23 boosting the projection from $57.00 to $61.00 with a “Equal Weight” recommendation. Robert W. Baird raised the price target of the stock on October 22 changing the price objective from $68.00 to $72.00 with a rating of “Outperform”.
October 12 investment analysts at Robert W. Baird held the company rating at “Buy” projecting a price of $68.00.
The company is now down since yesterday’s close of 59.39. Dst Systems’s P/E ratio is 8.93 and the market cap is 3.56B. In the last earnings report the EPS was $6.62 with 60.22M shares outstanding.
DST Systems, Inc. (DST), launched on February 23, 1983, 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. The Company operates through two segments: Financial Services and Healthcare Services. Its investments in equity securities, private equity investments, real estate and certain financial interests are aggregated into an Investments and Other segment..