Enterprise Financial Services Corp maintained its stake in shares of DST Systems Inc. (NYSE:DST) during the second quarter, Holdings Channel reports. The institutional investor owned 11,090 shares of the company’s stock at the end of the second quarter. DST Systems makes up 0.8% of Enterprise Financial Services Corp’s portfolio, making the stock its 26th largest position. Enterprise Financial Services Corp’s holdings in DST Systems were worth $1,291,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in DST. Envestnet Asset Management Inc. increased its stake in shares of DST Systems by 16.7% in the first quarter. Envestnet Asset Management Inc. now owns 22,893 shares of the company’s stock worth $2,582,000 after buying an additional 3,270 shares during the period. Renaissance Technologies LLC bought a new stake in shares of DST Systems during the first quarter worth approximately $26,343,000. HBK Investments L P increased its stake in shares of DST Systems by 15.7% in the first quarter. HBK Investments L P now owns 45,900 shares of the company’s stock worth $5,176,000 after buying an additional 6,227 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of DST Systems by 27.2% in the first quarter. Goldman Sachs Group Inc. now owns 219,391 shares of the company’s stock worth $24,742,000 after buying an additional 46,869 shares during the period. Finally, UBS Group AG increased its stake in shares of DST Systems by 138.4% in the first quarter. UBS Group AG now owns 62,679 shares of the company’s stock worth $7,069,000 after buying an additional 36,392 shares during the period. Institutional investors own 87.04% of the company’s stock.
Shares of DST Systems Inc. (NYSE:DST) traded down 0.72% during mid-day trading on Tuesday, hitting $112.98. The company had a trading volume of 419,222 shares. The firm’s 50-day moving average price is $118.80 and its 200 day moving average price is $118.85. DST Systems Inc. has a one year low of $97.32 and a one year high of $128.66. The company has a market capitalization of $3.69 billion, a P/E ratio of 15.47 and a beta of 1.27.
DST Systems (NYSE:DST) last released its quarterly 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 net margin of 9.90% and a return on equity of 21.20%. The business earned $526.20 million during the quarter, compared to analysts’ expectations of $545.57 million. During the same quarter in the previous year, the company earned $1.39 EPS. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. Analysts predict that DST Systems Inc. will post $5.67 earnings per share for the current fiscal year.
A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded DST Systems from a “sell” rating to a “buy” rating and set a $135.00 target price for the company in a report on Tuesday, August 23rd. Robert W. Baird restated an “outperform” rating and issued a $132.00 target price on shares of DST Systems in a report on Monday, June 27th.
In other DST Systems news, CFO Gregg Wm Givens sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $117.38, for a total value of $1,173,800.00. Following the completion of the transaction, the chief financial officer now owns 53,404 shares of the company’s stock, valued at approximately $6,268,561.52. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Vercie L. Lark sold 15,210 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $120.34, for a total transaction of $1,830,371.40. Following the completion of the transaction, the insider now directly owns 29,600 shares of the company’s stock, valued at approximately $3,562,064. The disclosure for this sale can be found here. 1.83% of the stock is currently owned by company insiders.
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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