DST Systems Inc. (NYSE:DST) Director Lowell L. Bryan acquired 169 shares of DST Systems stock in a transaction dated Monday, October 3rd. The shares were bought at an average cost of $117.69 per share, for a total transaction of $19,889.61. Following the completion of the purchase, the director now directly owns 20,721 shares of the company’s stock, valued at approximately $2,438,654.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
DST Systems Inc. (NYSE:DST) traded down 1.06% during mid-day trading on Tuesday, hitting $116.21. 302,967 shares of the stock were exchanged. DST Systems Inc. has a 52 week low of $97.32 and a 52 week high of $128.66. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 15.91 and a beta of 1.27. The company’s 50-day moving average price is $120.28 and its 200 day moving average price is $118.52.
DST Systems (NYSE:DST) last released its earnings results on Thursday, July 21st. The company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.08. DST Systems had a net margin of 9.90% and a return on equity of 21.20%. The company had revenue of $526.20 million for the quarter, compared to analysts’ expectations of $545.57 million. During the same quarter in the previous year, the company earned $1.39 EPS. DST Systems’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities research analysts expect that DST Systems Inc. will post $5.67 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Friday, August 26th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date was Wednesday, August 24th. DST Systems’s dividend payout ratio (DPR) is 18.08%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in DST. BlueMountain Capital Management LLC boosted its position in DST Systems by 912.7% in the first quarter. BlueMountain Capital Management LLC now owns 1,033 shares of the company’s stock worth $116,000 after buying an additional 931 shares during the period. Cutler Group LP boosted its position in 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 period. Meeder Asset Management Inc. boosted its position in 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 period. Bank of Montreal Can purchased a new position in DST Systems during the second quarter worth $194,000. Finally, WFG Advisors LP boosted its position in DST Systems by 13.3% in the second quarter. WFG Advisors LP now owns 1,701 shares of the company’s stock worth $198,000 after buying an additional 200 shares during the period. Institutional investors own 86.46% of the company’s stock.
A number of brokerages have recently issued reports on DST. Zacks Investment Research raised DST Systems from a “sell” rating to a “buy” rating and set a $135.00 price objective on the stock in a research note on Tuesday, August 23rd. Morgan Stanley reaffirmed a “hold” rating on shares of DST Systems in a research note on Wednesday, June 15th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $132.00 price objective on shares of DST Systems in a research note on Monday, June 27th.
About DST Systems
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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