Swiss National Bank boosted its holdings in shares of DST Systems, Inc. (NYSE:DST) by 108.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 106,600 shares of the technology company’s stock after purchasing an additional 55,400 shares during the period. Swiss National Bank owned about 0.17% of DST Systems worth $6,577,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Mutual of America Capital Management LLC increased its holdings in DST Systems by 1.2% during the 1st quarter. Mutual of America Capital Management LLC now owns 24,872 shares of the technology company’s stock valued at $3,047,000 after purchasing an additional 305 shares during the period. KBC Group NV boosted its position in DST Systems by 11.4% during the 2nd quarter. KBC Group NV now owns 35,961 shares of the technology company’s stock valued at $2,219,000 after acquiring an additional 3,671 shares in the last quarter. Private Trust Co. NA bought a new stake in DST Systems during the 2nd quarter valued at approximately $460,000. Virginia Retirement Systems ET AL boosted its position in DST Systems by 145.9% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 45,000 shares of the technology company’s stock valued at $2,777,000 after acquiring an additional 26,700 shares in the last quarter. Finally, Reinhart Partners Inc. boosted its position in DST Systems by 78.2% during the 2nd quarter. Reinhart Partners Inc. now owns 282,196 shares of the technology company’s stock valued at $17,411,000 after acquiring an additional 123,869 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.
In other news, CFO Gregg Wm Givens sold 20,000 shares of the stock in a transaction that occurred 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 directly owns 55,871 shares in the company, valued at $3,428,244.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have bought 1,070 shares of company stock worth $59,817. Insiders own 1.82% of the company’s stock.
Shares of DST Systems, Inc. (DST) opened at 52.35 on Friday. The company has a market capitalization of $3.17 billion, a PE ratio of 5.28 and a beta of 1.32. The firm’s 50-day moving average price is $51.97 and its 200 day moving average price is $58.39. DST Systems, Inc. has a 52-week low of $47.26 and a 52-week high of $62.94.
DST Systems (NYSE:DST) last issued 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 company had revenue of $656.20 million for the quarter, compared to analysts’ expectations of $541.90 million. DST Systems had a return on equity of 16.79% and a net margin of 35.46%. The business’s revenue was up 68.0% compared to the same quarter last year. During the same period last year, the business posted $1.42 earnings per share. On average, equities analysts forecast that DST Systems, Inc. will post $3.05 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders 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 dividend yield of 1.38%. The ex-dividend date was Wednesday, August 23rd. DST Systems’s dividend payout ratio (DPR) is presently 7.11%.
Several research firms have weighed in on DST. Zacks Investment Research cut DST Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th. BidaskClub cut DST Systems from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th. ValuEngine raised DST Systems from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. Finally, DA Davidson began coverage on DST Systems in a research report on Wednesday, June 21st. They set a “buy” rating and a $72.00 price objective on the stock.
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DST Systems 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.
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