Boston Advisors LLC decreased its stake in DST Systems Inc. (NYSE:DST) by 5.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,517 shares of the company’s stock after selling 519 shares during the period. Boston Advisors LLC’s holdings in DST Systems were worth $1,108,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. BlueMountain Capital Management LLC increased its stake in DST Systems by 912.7% in the first quarter. BlueMountain Capital Management LLC now owns 1,033 shares of the company’s stock valued at $116,000 after buying an additional 931 shares in the last quarter. Cutler Group LP increased its stake in DST Systems by 703.2% in the first quarter. Cutler Group LP now owns 1,253 shares of the company’s stock valued at $141,000 after buying an additional 1,097 shares in the last quarter. Meeder Asset Management Inc. increased its stake in DST Systems by 4.7% in the second quarter. Meeder Asset Management Inc. now owns 1,645 shares of the company’s stock valued at $192,000 after buying an additional 74 shares in the last quarter. Bank of Montreal Can purchased a new stake in DST Systems during the second quarter valued at about $194,000. Finally, LS Investment Advisors LLC increased its stake in DST Systems by 100.4% in the second quarter. LS Investment Advisors LLC now owns 2,263 shares of the company’s stock valued at $263,000 after buying an additional 1,134 shares in the last quarter. 86.46% of the stock is owned by institutional investors and hedge funds.
Shares of DST Systems Inc. (NYSE:DST) traded up 0.58% during mid-day trading on Friday, reaching $117.92. 196,251 shares of the company’s stock were exchanged. DST Systems Inc. has a 52-week low of $97.32 and a 52-week high of $128.66. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 16.14 and a beta of 1.24. The stock’s 50-day moving average is $120.36 and its 200-day moving average is $118.29.
DST Systems (NYSE:DST) last announced its quarterly earnings results on Thursday, July 21st. The company reported $1.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.50 by $0.08. DST Systems had a net margin of 9.90% and a return on equity of 21.20%. The firm had revenue of $526.20 million for the quarter, compared to analyst estimates of $545.57 million. During the same quarter in the previous year, the firm posted $1.39 earnings per share. The business’s revenue was up 7.0% on a year-over-year basis. On average, equities analysts expect that DST Systems Inc. will post $5.67 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Friday, August 26th were issued a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.12%. DST Systems’s dividend payout ratio (DPR) is presently 18.08%.
Several research firms recently issued reports on DST. Morgan Stanley reaffirmed a “hold” rating on shares of DST Systems in a report on Wednesday, June 15th. Zacks Investment Research downgraded shares of DST Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, June 17th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $132.00 price target on shares of DST Systems in a report on Monday, June 27th.
In other news, CFO Gregg Wm Givens sold 10,000 shares of DST Systems stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $121.52, for a total value of $1,215,200.00. Following the sale, the chief financial officer now directly owns 63,385 shares in the company, valued at $7,702,545.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vercie L. Lark sold 15,210 shares of DST Systems stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $120.34, for a total transaction of $1,830,371.40. Following the completion of the sale, the insider now owns 29,600 shares in the company, valued at $3,562,064. The disclosure for this sale can be found here. 1.83% of the stock is currently owned by insiders.
DST Systems Company Profile
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.
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