Simplex Trading Lowers stake in DST Systems (DST)

DST Systems (DST) : Simplex Trading reduced its stake in DST Systems by 62.3% during the most recent quarter end. The investment management company now holds a total of 3,169 shares of DST Systems which is valued at $364,974 after selling 5,236 shares in DST Systems , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.DST Systems makes up approximately 0.05% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in DST by selling 10,045 shares or 75.32% in the most recent quarter. The Hedge Fund company now holds 3,292 shares of DST which is valued at $382,530.

DST Systems closed down -1.14 points or -0.98% at $115.17 with 1,50,507 shares getting traded on Friday. Post opening the session at $116.07, the shares hit an intraday low of $114.79 and an intraday high of $116.29 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

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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