BlackRock Advisors LLC decreased its position in DST Systems Inc. (NYSE:DST) by 76.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,581 shares of the company’s stock after selling 154,010 shares during the period. BlackRock Advisors LLC owned approximately 0.14% of DST Systems worth $5,540,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of DST. BlueMountain Capital Management LLC boosted its stake in DST Systems by 912.7% in the first quarter. BlueMountain Capital Management LLC now owns 1,033 shares of the company’s stock valued at $116,000 after buying an additional 931 shares during the last quarter. Cutler Group LP boosted its position in shares of DST Systems by 703.2% in the first quarter. Cutler Group LP now owns 1,253 shares of the company’s stock worth $141,000 after buying an additional 1,097 shares during the last quarter. Meeder Asset Management Inc. boosted its position in shares of DST Systems by 4.7% in the second quarter. Meeder Asset Management Inc. now owns 1,645 shares of the company’s stock worth $192,000 after buying an additional 74 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of DST Systems during the second quarter worth approximately $194,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of DST Systems by 272.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,819 shares of the company’s stock worth $212,000 after buying an additional 1,331 shares during the last quarter. 86.46% of the stock is currently owned by institutional investors and hedge funds.
Shares of DST Systems Inc. (NYSE:DST) opened at 115.20 on Friday. The firm has a market capitalization of $3.76 billion, a P/E ratio of 15.77 and a beta of 1.27. The company has a 50-day moving average price of $119.00 and a 200-day moving average price of $118.73. DST Systems Inc. has a 12-month low of $97.32 and a 12-month high of $128.66.
DST Systems (NYSE:DST) last released its quarterly earnings results on Thursday, July 21st. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.08. The firm earned $526.20 million during the quarter, compared to analyst estimates of $545.57 million. DST Systems had a net margin of 9.90% and a return on equity of 21.20%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.39 EPS. Equities analysts predict that DST Systems Inc. will post $5.67 EPS for the current year.
A number of research analysts have recently commented on the company. Zacks Investment Research upgraded DST Systems from a “hold” rating to a “buy” rating and set a $127.00 price target for the company in a research note on Monday, June 20th. Robert W. Baird reiterated an “outperform” rating and issued a $132.00 price target on shares of DST Systems in a research note on Monday, June 27th.
In other news, insider Vercie L. Lark sold 15,210 shares of the business’s stock in a transaction on Wednesday, August 24th. The shares were 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 in the company, valued at approximately $3,562,064. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gregg Wm Givens sold 10,000 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $117.38, for a total transaction of $1,173,800.00. Following the transaction, the chief financial officer now owns 53,404 shares of the company’s stock, valued at $6,268,561.52. The disclosure for this sale can be found here. Insiders own 1.83% of the company’s stock.
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 unified data management, business processing and customer communications solutions to clients within the asset management, brokerage, retirement and healthcare markets.
Want to see what other hedge funds are holding DST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DST Systems Inc. (NYSE:DST).
Receive News & Ratings for DST Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DST Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.