Tower Research Capital LLC TRC raised its stake in shares of DST Systems Inc. (NYSE:DST) by 272.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,819 shares of the company’s stock after buying an additional 1,331 shares during the period. Tower Research Capital LLC TRC’s holdings in DST Systems were worth $212,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Virginia Retirement Systems ET AL acquired a new position in DST Systems during the second quarter valued at approximately $1,642,000. Vanguard Group Inc. raised its position in DST Systems by 4.5% in the second quarter. Vanguard Group Inc. now owns 2,796,224 shares of the company’s stock valued at $325,563,000 after buying an additional 119,159 shares during the last quarter. Principal Financial Group Inc. raised its position in DST Systems by 11.6% in the second quarter. Principal Financial Group Inc. now owns 120,927 shares of the company’s stock valued at $14,079,000 after buying an additional 12,581 shares during the last quarter. Dimensional Fund Advisors LP raised its position in DST Systems by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 319,572 shares of the company’s stock valued at $37,205,000 after buying an additional 2,583 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in DST Systems by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 4,358 shares of the company’s stock valued at $507,000 after buying an additional 527 shares during the last quarter. Hedge funds and other institutional investors own 86.46% of the company’s stock.
Shares of DST Systems Inc. (NYSE:DST) opened at 118.93 on Thursday. The stock’s 50 day moving average is $120.55 and its 200-day moving average is $118.22. DST Systems Inc. has a 1-year low of $97.32 and a 1-year high of $128.66. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 16.28 and a beta of 1.24.
DST Systems (NYSE:DST) last announced its quarterly 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 return on equity of 21.20% and a net margin of 9.90%. The firm had revenue of $526.20 million for the quarter, compared to analysts’ expectations of $545.57 million. During the same period in the prior year, the business posted $1.39 earnings per share. The business’s revenue was up 7.0% compared to the same quarter last year. On average, analysts anticipate that DST Systems Inc. will post $5.67 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Friday, August 26th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Wednesday, August 24th. DST Systems’s dividend payout ratio (DPR) is 18.08%.
A number of research firms have recently issued reports on DST. Zacks Investment Research lowered shares of DST Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, September 20th. Robert W. Baird reiterated an “outperform” rating and set a $132.00 price objective on shares of DST Systems in a research note on Monday, June 27th. Finally, Morgan Stanley reiterated a “hold” rating on shares of DST Systems in a research note on Wednesday, June 15th.
In other DST Systems news, CFO Gregg Wm Givens sold 534 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $121.41, for a total value of $64,832.94. Following the sale, the chief financial officer now directly owns 73,385 shares in the company, valued at $8,909,672.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vercie L. Lark sold 15,210 shares of the company’s stock in a transaction on 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 completion of the sale, the insider now owns 29,600 shares in the company, valued at $3,562,064. The disclosure for this sale can be found here. 1.83% of the stock is owned by company insiders.
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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