Cutler Group LP raised its position in DST Systems Inc. (NYSE:DST) by 227.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,115 shares of the company’s stock after buying an additional 775 shares during the period. Cutler Group LP’s holdings in DST Systems were worth $131,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Aperio Group LLC raised its stake in DST Systems by 18.6% in the first quarter. Aperio Group LLC now owns 9,181 shares of the company’s stock worth $1,035,000 after buying an additional 1,442 shares in the last quarter. Pacad Investment Ltd. purchased a new stake in DST Systems during the first quarter worth about $407,000. TIAA CREF Investment Management LLC raised its stake in DST Systems by 7.8% in the first quarter. TIAA CREF Investment Management LLC now owns 324,128 shares of the company’s stock worth $36,552,000 after buying an additional 23,516 shares in the last quarter. Teachers Advisors Inc. raised its stake in DST Systems by 260.7% in the first quarter. Teachers Advisors Inc. now owns 96,933 shares of the company’s stock worth $10,931,000 after buying an additional 70,060 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in DST Systems by 412.9% in the first quarter. JPMorgan Chase & Co. now owns 126,436 shares of the company’s stock worth $14,259,000 after buying an additional 101,785 shares in the last quarter. Institutional investors and hedge funds own 86.46% of the company’s stock.
DST Systems Inc. (NYSE:DST) traded down 1.70% on Tuesday, reaching $113.00. 105,126 shares of the company’s stock traded hands. DST Systems Inc. has a 52-week low of $97.32 and a 52-week high of $128.66. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 15.47 and a beta of 1.27. The stock’s 50 day moving average is $119.68 and its 200 day moving average is $118.78.
DST Systems (NYSE:DST) last issued its earnings results on Thursday, July 21st. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.08. The company had revenue of $526.20 million for 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 company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.39 EPS. On average, equities research analysts predict that DST Systems Inc. will post $5.67 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Friday, August 26th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Wednesday, August 24th. DST Systems’s dividend payout ratio (DPR) is presently 18.08%.
Several research analysts have weighed in on DST shares. Zacks Investment Research upgraded shares of DST Systems from a “hold” rating to a “buy” rating and set a $127.00 price objective on the stock in a research note on Monday, June 20th. Morgan Stanley reiterated a “hold” rating on shares of DST Systems in a research note on Wednesday, June 15th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $132.00 price objective 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 firm’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $120.34, for a total value of $1,830,371.40. Following the transaction, the insider now owns 29,600 shares of the company’s stock, valued at approximately $3,562,064. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gregg Wm Givens sold 10,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 53,404 shares in the company, valued at approximately $6,268,561.52. The disclosure for this sale can be found here. 1.83% of the stock is currently owned by insiders.
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.
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