Polar Asset Management Partners buys $23,948,914 stake in DST Systems (DST)

DST Systems (DST) : Polar Asset Management Partners scooped up 115,940 additional shares in DST Systems during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 238,440 shares of DST Systems which is valued at $23,948,914.DST Systems makes up approximately 1.77% of Polar Asset Management Partners’s portfolio.

Other Hedge Funds, Including , Smith Moore boosted its stake in DST in the latest quarter, The investment management firm added 32 additional shares and now holds a total of 2,942 shares of DST Systems which is valued at $295,494. DST Systems makes up approx 0.12% of Smith Moore’s portfolio.Assetmark Inc reduced its stake in DST by selling 95 shares or 33.93% in the most recent quarter. The Hedge Fund company now holds 185 shares of DST which is valued at $17,782.Deroy Devereaux Private Investment Counsel Inc boosted its stake in DST in the latest quarter, The investment management firm added 1,645 additional shares and now holds a total of 96,492 shares of DST Systems which is valued at $9,171,565. DST Systems makes up approx 1.21% of Deroy Devereaux Private Investment Counsel Inc’s portfolio. Quantitative Investment Management sold out all of its stake in DST during the most recent quarter. The investment firm sold 9,300 shares of DST which is valued $883,965.

DST Systems opened for trading at $103.26 and hit $105.11 on the upside on Monday, eventually ending the session at $104.79, with a gain of 1.58% or 1.63 points. The heightened volatility saw the trading volume jump to 3,30,515 shares. Company has a market cap of $3,352 M.

On the company’s financial health, DST Systems reported $1.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Oct 20, 2016. Analyst had a consensus of $1.49. The company had revenue of $386.70 million for the quarter, compared to analysts expectations of $379.97 million. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.49 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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