Piermont Capital Management Lowers stake in DST Systems (DST)

DST Systems (DST) : Piermont Capital Management reduced its stake in DST Systems by 2.27% during the most recent quarter end. The investment management company now holds a total of 29,293 shares of DST Systems which is valued at $3.5 Million after selling 680 shares in DST Systems , the firm said in a disclosure report filed with the SEC on May 11, 2016.DST Systems makes up approximately 1.13% of Piermont Capital Management’s portfolio.

Other Hedge Funds, Including , New Amsterdam Partnersny sold out all of its stake in DST during the most recent quarter. The investment firm sold 150,921 shares of DST which is valued $18 Million.Janney Montgomery Scott boosted its stake in DST in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 3,035 shares of DST Systems which is valued at $361,651. DST Systems makes up approx 0.01% of Janney Montgomery Scott’s portfolio.Ghp Investment Advisors reduced its stake in DST by selling 538 shares or 4.19% in the most recent quarter. The Hedge Fund company now holds 12,311 shares of DST which is valued at $1.5 Million. DST Systems makes up approx 0.30% of Ghp Investment Advisors’s portfolio. Brc Investment Management sold out all of its stake in DST during the most recent quarter. The investment firm sold 6,016 shares of DST which is valued $726,011.

DST Systems opened for trading at $119.28 and hit $120.99 on the upside on Monday, eventually ending the session at $120.33, with a gain of 0.98% or 1.17 points. The heightened volatility saw the trading volume jump to 1,73,693 shares. Company has a market cap of $3,993 M.

On the company’s financial health, DST Systems reported $1.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $1.48. The company had revenue of $521.10 million for the quarter, compared to analysts expectations of $517.03 million. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.40 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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