Smithfield Trust Co. increased its position in shares of DST Systems Inc. (NYSE:DST) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,052 shares of the company’s stock after buying an additional 10 shares during the period. Smithfield Trust Co.’s holdings in DST Systems were worth $937,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. increased its stake 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 last quarter. Metropolitan Life Insurance Co. NY increased its stake in DST Systems by 0.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 30,013 shares of the company’s stock worth $3,385,000 after buying an additional 80 shares during the last quarter. Northwest Investment Counselors LLC increased its stake in DST Systems by 1.6% in the second quarter. Northwest Investment Counselors LLC now owns 5,238 shares of the company’s stock worth $610,000 after buying an additional 80 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in DST Systems by 0.4% in the second quarter. Nisa Investment Advisors LLC now owns 26,120 shares of the company’s stock worth $3,041,000 after buying an additional 100 shares during the last quarter. Finally, First Republic Investment Management Inc. increased its stake in DST Systems by 1.1% in the first quarter. First Republic Investment Management Inc. now owns 9,341 shares of the company’s stock worth $1,054,000 after buying an additional 102 shares during the last quarter. 87.04% of the stock is currently owned by institutional investors.
DST Systems Inc. (NYSE:DST) traded down 0.24% on Tuesday, hitting $113.53. 194,855 shares of the stock were exchanged. The company has a 50-day moving average price of $118.80 and a 200 day moving average price of $118.85. DST Systems Inc. has a 1-year low of $97.32 and a 1-year high of $128.66. The company has a market capitalization of $3.70 billion, a PE ratio of 15.54 and a beta of 1.27.
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 Zacks’ consensus estimate of $1.50 by $0.08. The company had revenue of $526.20 million for the quarter, compared to analysts’ expectations of $545.57 million. DST Systems had a net margin of 9.90% and a return on equity of 21.20%. DST Systems’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.39 EPS. Analysts anticipate that DST Systems Inc. will post $5.67 EPS for the current fiscal year.
A number of equities research analysts have weighed in on the company. Zacks Investment Research raised DST Systems from a “hold” rating to a “buy” rating and set a $127.00 price objective on the stock in a report on Monday, June 20th. Robert W. Baird reiterated an “outperform” rating and issued a $132.00 target price on shares of DST Systems in a research note on Monday, June 27th.
In other DST Systems news, insider Vercie L. Lark sold 15,210 shares of the 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 directly owns 29,600 shares of the company’s stock, valued at approximately $3,562,064. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Gregg Wm Givens sold 10,000 shares of the 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 $6,268,561.52. The disclosure for this sale can be found here. 1.83% of the stock is currently owned by company 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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