Parametrica Management Ltd purchased a new stake in shares of DST Systems, Inc. (NYSE:DST) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 5,335 shares of the technology company’s stock, valued at approximately $329,000.
Several other large investors have also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. increased its stake in DST Systems by 48.9% in the second quarter. Russell Investments Group Ltd. now owns 83,418 shares of the technology company’s stock valued at $5,147,000 after buying an additional 27,386 shares in the last quarter. Regentatlantic Capital LLC increased its stake in DST Systems by 91.6% in the second quarter. Regentatlantic Capital LLC now owns 4,768 shares of the technology company’s stock valued at $294,000 after buying an additional 2,279 shares in the last quarter. Villere ST Denis J & Co. LLC increased its stake in DST Systems by 5.2% in the second quarter. Villere ST Denis J & Co. LLC now owns 219,918 shares of the technology company’s stock valued at $13,568,000 after buying an additional 10,909 shares in the last quarter. Oakbrook Investments LLC increased its stake in DST Systems by 84.2% in the second quarter. Oakbrook Investments LLC now owns 5,250 shares of the technology company’s stock valued at $324,000 after buying an additional 2,400 shares in the last quarter. Finally, US Bancorp DE increased its stake in DST Systems by 101.3% in the second quarter. US Bancorp DE now owns 29,928 shares of the technology company’s stock valued at $1,847,000 after buying an additional 15,058 shares in the last quarter. Hedge funds and other institutional investors own 47.00% of the company’s stock.
DST Systems, Inc. (NYSE DST) traded down 1.29% on Tuesday, reaching $52.17. The company’s stock had a trading volume of 455,976 shares. The company’s 50 day moving average price is $59.73 and its 200-day moving average price is $59.71. DST Systems, Inc. has a 12-month low of $47.26 and a 12-month high of $62.94. The stock has a market cap of $3.22 billion, a PE ratio of 5.26 and a beta of 1.29.
DST Systems (NYSE:DST) last posted its earnings results on Thursday, July 27th. The technology company reported $0.76 EPS for the quarter, missing the Zacks’ consensus estimate of $0.78 by $0.02. The business had revenue of $656.20 million during the quarter, compared to the consensus estimate of $541.90 million. DST Systems had a return on equity of 16.79% and a net margin of 35.46%. The firm’s revenue for the quarter was up 68.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.42 EPS. On average, equities analysts expect that DST Systems, Inc. will post $3.05 EPS for the current year.
DST Systems announced that its Board of Directors has approved a stock buyback program on Tuesday, May 9th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the technology company to reacquire up to 7.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 25th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Wednesday, August 23rd. DST Systems’s payout ratio is 7.11%.
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DST has been the subject of several recent research reports. DA Davidson initiated coverage on DST Systems in a report on Wednesday, June 21st. They set a “buy” rating and a $72.00 price objective for the company. Zacks Investment Research downgraded DST Systems from a “buy” rating to a “hold” rating in a report on Monday, July 31st. ValuEngine upgraded DST Systems from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. Finally, BidaskClub downgraded DST Systems from a “sell” rating to a “strong sell” rating in a report on Friday.
In other DST Systems news, CFO Gregg Wm Givens sold 20,000 shares of DST Systems stock in a transaction on Friday, July 14th. The stock was sold at an average price of $61.36, for a total value of $1,227,200.00. Following the completion of the sale, the chief financial officer now owns 55,871 shares of the company’s stock, valued at approximately $3,428,244.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders acquired 847 shares of company stock valued at $59,770 and sold 50,000 shares valued at $3,654,400. 1.82% 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 data management, business processing and customer communications solutions to clients within the asset management, brokerage, retirement and healthcare markets.
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