Retirement Systems of Alabama lowered its position in shares of DST Systems Inc. (NYSE:DST) by 1.5% during the second quarter, Holdings Channel reports. The firm owned 40,239 shares of the company’s stock after selling 596 shares during the period. Retirement Systems of Alabama’s holdings in DST Systems were worth $4,685,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. HBK Investments L P boosted its stake in shares of DST Systems by 15.7% in the first quarter. HBK Investments L P now owns 45,900 shares of the company’s stock worth $5,176,000 after buying an additional 6,227 shares during the period. Goldman Sachs Group Inc. boosted its stake in DST Systems by 27.2% in the first quarter. Goldman Sachs Group Inc. now owns 219,391 shares of the company’s stock worth $24,742,000 after buying an additional 46,869 shares during the period. UBS Group AG boosted its stake in DST Systems by 138.4% in the first quarter. UBS Group AG now owns 62,679 shares of the company’s stock worth $7,069,000 after buying an additional 36,392 shares during the period. Rafferty Asset Management LLC boosted its stake in DST Systems by 2.9% in the first quarter. Rafferty Asset Management LLC now owns 4,420 shares of the company’s stock worth $498,000 after buying an additional 124 shares during the period. Finally, Pegasus Partners Ltd. purchased a new stake in DST Systems during the first quarter worth $911,000. Hedge funds and other institutional investors own 86.46% of the company’s stock.
Shares of DST Systems Inc. (NYSE:DST) traded down 0.04% during trading on Friday, reaching $115.20. 168,015 shares of the company were exchanged. The stock has a 50-day moving average of $119.00 and a 200 day moving average of $118.73. DST Systems Inc. has a 52-week low of $97.32 and a 52-week high of $128.66. The stock has a market capitalization of $3.76 billion, a P/E ratio of 15.77 and a beta of 1.27.
DST Systems (NYSE:DST) last posted its quarterly earnings results on Thursday, July 21st. The company reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.08. DST Systems had a net margin of 9.90% and a return on equity of 21.20%. The firm had revenue of $526.20 million for the quarter, compared to the consensus estimate of $545.57 million. During the same quarter in the previous year, the company earned $1.39 earnings per share. The business’s revenue was up 7.0% compared to the same quarter last year. On average, equities analysts anticipate that DST Systems Inc. will post $5.67 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Friday, August 26th were paid a dividend of $0.33 per share. The ex-dividend date was Wednesday, August 24th. This represents a $1.32 dividend on an annualized basis and a yield of 1.15%. DST Systems’s dividend payout ratio is currently 18.08%.
A number of analysts recently weighed in on DST shares. Zacks Investment Research cut shares of DST Systems from a “buy” rating to a “hold” rating in a report on Tuesday, September 20th. Robert W. Baird reaffirmed an “outperform” rating and issued a $132.00 price objective on shares of DST Systems in a report on Monday, June 27th.
In other DST Systems news, insider Vercie L. Lark sold 15,210 shares of DST Systems 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 sale, the insider now owns 29,600 shares in the company, valued at $3,562,064. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Gregg Wm Givens sold 10,000 shares of DST Systems stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $121.52, for a total transaction of $1,215,200.00. Following the sale, the chief financial officer now owns 63,385 shares in the company, valued at approximately $7,702,545.20. The disclosure for this sale can be found here. Company insiders own 1.83% of the company’s stock.
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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