Scopia Capital Management Lp buys $179,568,667 stake in DST Systems (DST)

DST Systems (DST) : Scopia Capital Management Lp scooped up 223,065 additional shares in DST Systems during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,496,655 shares of DST Systems which is valued at $179,568,667.DST Systems makes up approximately 3.60% of Scopia Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Tudor Investment Corp Et Al boosted its stake in DST in the latest quarter, The investment management firm added 900 additional shares and now holds a total of 3,100 shares of DST Systems which is valued at $371,938. DST Systems makes up approx 0.01% of Tudor Investment Corp Et Al’s portfolio.Profund Advisors boosted its stake in DST in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 3,633 shares of DST Systems which is valued at $435,887. DST Systems makes up approx 0.02% of Profund Advisors’s portfolio. Quantitative Investment Management added DST to its portfolio by purchasing 9,300 company shares during the most recent quarter which is valued at $1,128,462. DST Systems makes up approx 0.05% of Quantitative Investment Management’s portfolio.California State Teachers Retirement System reduced its stake in DST by selling 4,474 shares or 6.05% in the most recent quarter. The Hedge Fund company now holds 69,489 shares of DST which is valued at $8,431,795. DST Systems makes up approx 0.02% of California State Teachers Retirement System’s portfolio.

DST Systems opened for trading at $121.2 and hit $122.27 on the upside on Thursday, eventually ending the session at $121.67, with a gain of 0.13% or 0.16 points. The heightened volatility saw the trading volume jump to 1,19,207 shares. Company has a market cap of $3,969 M.

On the company’s financial health, DST Systems reported $1.42 EPS for the quarter, missing the analyst consensus estimate by $ -0.15 based on the information available during the earnings call on Jul 21, 2016. Analyst had a consensus of $1.57. The company had revenue of $373.90 million for the quarter, compared to analysts expectations of $523.60 million. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.39 EPS.

Many Wall Street Analysts have commented on DST Systems. Morgan Stanley Initiated DST Systems on May 25, 2016 to “Equal-Weight”, Price Target of the shares are set at $128.

DST Systems Inc. (DST) is a provider of technology-based information processing and servicing solutions. The Company offers its solutions through unified data management business processing and customer communications solutions to clients within the asset management brokerage retirement and healthcare markets. The Company manages its business through three operating segments: Financial Services which provides investor and asset distribution services to companies within the financial services industry; Healthcare Services which provide healthcare organizations a variety of medical and pharmacy benefit solutions and Customer Communications which offers a range of integrated print mail and electronic solutions. Its investments in equity securities private equity investments real estate and certain financial interests are aggregated into an Investments and Other segment.

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