Vanguard Group Inc. increased its position in DST Systems Inc. (NYSE:DST) by 4.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,796,224 shares of the company’s stock after buying an additional 119,159 shares during the period. Vanguard Group Inc. owned approximately 8.42% of DST Systems worth $325,563,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of DST. Scopia Capital Management LP increased its stake in shares of DST Systems by 17.5% in the first quarter. Scopia Capital Management LP now owns 1,496,655 shares of the company’s stock worth $168,778,000 after buying an additional 223,065 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in shares of DST Systems by 7.8% in the first quarter. TIAA CREF Investment Management LLC now owns 324,128 shares of the company’s stock worth $36,552,000 after buying an additional 23,516 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of DST Systems by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 319,572 shares of the company’s stock worth $37,205,000 after buying an additional 2,583 shares in the last quarter. James Investment Research Inc. increased its position in shares of DST Systems by 3.1% in the second quarter. James Investment Research Inc. now owns 278,910 shares of the company’s stock worth $32,474,000 after buying an additional 8,283 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of DST Systems during the first quarter worth about $26,343,000. Hedge funds and other institutional investors own 86.46% of the company’s stock.
DST Systems Inc. (NYSE:DST) opened at 115.17 on Friday. DST Systems Inc. has a one year low of $97.32 and a one year high of $128.66. The firm’s 50 day moving average price is $119.83 and its 200-day moving average price is $118.60. The firm has a market cap of $3.76 billion, a PE ratio of 15.77 and a beta of 1.27.
DST Systems (NYSE:DST) last posted its earnings results on Thursday, July 21st. The company reported $1.58 EPS for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.08. DST Systems had a return on equity of 21.20% and a net margin of 9.90%. The business had revenue of $526.20 million for the quarter, compared to analysts’ expectations of $545.57 million. During the same quarter in the previous year, the firm earned $1.39 earnings per share. The business’s revenue was up 7.0% compared to the same quarter last year. Equities analysts predict that DST Systems Inc. will post $5.67 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Friday, August 26th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Wednesday, August 24th. DST Systems’s dividend payout ratio (DPR) is currently 18.08%.
A number of equities analysts have issued reports on the company. Morgan Stanley reiterated a “hold” rating on shares of DST Systems in a research report on Wednesday, June 15th. Zacks Investment Research downgraded DST Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 17th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $132.00 price target on shares of DST Systems in a research report on Monday, June 27th.
In related news, CFO Gregg Wm Givens sold 10,000 shares of the business’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $117.38, for a total value of $1,173,800.00. Following the transaction, the chief financial officer now owns 53,404 shares in the company, valued at approximately $6,268,561.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vercie L. Lark sold 15,210 shares of the business’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $120.34, for a total value of $1,830,371.40. Following the completion of the transaction, the insider now owns 29,600 shares in the company, valued at approximately $3,562,064. The disclosure for this sale can be found here. Insiders own 1.83% of the company’s stock.
About DST Systems
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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