Freestone Capital Holdings LLC Has $737,000 Holdings in DST Systems, Inc. (NYSE:DST)

Freestone Capital Holdings LLC lifted its position in shares of DST Systems, Inc. (NYSE:DST) by 67.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 11,942 shares of the technology company’s stock after buying an additional 4,828 shares during the period. Freestone Capital Holdings LLC’s holdings in DST Systems were worth $737,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of DST. Capstone Asset Management Co. raised its stake in shares of DST Systems by 0.7% in the 1st quarter. Capstone Asset Management Co. now owns 2,703 shares of the technology company’s stock valued at $331,000 after acquiring an additional 20 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of DST Systems by 6.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 4,978 shares of the technology company’s stock valued at $610,000 after acquiring an additional 311 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of DST Systems by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 11,605 shares of the technology company’s stock valued at $1,422,000 after acquiring an additional 200 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of DST Systems by 51.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 71,738 shares of the technology company’s stock valued at $8,788,000 after acquiring an additional 24,500 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of DST Systems in the 1st quarter valued at $209,000. 84.99% of the stock is currently owned by institutional investors.

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In related news, CFO Gregg Wm Givens sold 20,000 shares of the business’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $61.36, for a total transaction of $1,227,200.00. Following the transaction, the chief financial officer now owns 55,871 shares of the company’s stock, valued at $3,428,244.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased 1,070 shares of company stock worth $59,817 in the last ninety days. 1.82% of the stock is currently owned by insiders.

DST Systems, Inc. (DST) opened at 53.88 on Friday. The firm’s 50-day moving average is $51.84 and its 200 day moving average is $58.26. DST Systems, Inc. has a one year low of $47.26 and a one year high of $62.94. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 5.43 and a beta of 1.32.

DST Systems (NYSE:DST) last announced its earnings results on Thursday, July 27th. The technology company reported $0.76 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.02). DST Systems had a return on equity of 16.79% and a net margin of 35.46%. The company had revenue of $656.20 million for the quarter, compared to the consensus estimate of $541.90 million. During the same period last year, the firm posted $1.42 EPS. The company’s revenue was up 68.0% compared to the same quarter last year. Analysts forecast that DST Systems, Inc. will post $3.05 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Wednesday, August 23rd. DST Systems’s dividend payout ratio (DPR) is currently 7.11%.

DST has been the topic of a number of research reports. BidaskClub downgraded shares of DST Systems from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. DA Davidson started coverage on shares of DST Systems in a report on Wednesday, June 21st. They set a “buy” rating and a $72.00 price target for the company. ValuEngine raised shares of DST Systems from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. Finally, Zacks Investment Research raised shares of DST Systems from a “hold” rating to a “buy” rating in a report on Wednesday, June 7th.

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 data management, business processing and customer communications solutions to clients within the asset management, brokerage, retirement and healthcare markets.

Institutional Ownership by Quarter for DST Systems (NYSE:DST)

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