DST Systems Inc. (DST) Shares Sold by Advisors Asset Management Inc.
Advisors Asset Management Inc. decreased its stake in shares of DST Systems Inc. (NYSE:DST) by 43.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,229 shares of the company’s stock after selling 957 shares during the period. Advisors Asset Management Inc.’s holdings in DST Systems were worth $143,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. 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 valued at $116,000 after buying an additional 931 shares in the last quarter. Cutler Group LP raised its stake in DST Systems by 703.2% in the first quarter. Cutler Group LP now owns 1,253 shares of the company’s stock valued at $141,000 after buying an additional 1,097 shares during the last quarter. Meeder Asset Management Inc. raised 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 valued at $192,000 after buying an additional 74 shares during the last quarter. Bank of Montreal Can bought a new stake in DST Systems during the second quarter valued at about $194,000. Finally, Suntrust Banks Inc. bought a new stake in DST Systems during the second quarter valued at about $220,000. Institutional investors and hedge funds own 86.46% of the company’s stock.
Shares of DST Systems Inc. (NYSE:DST) traded down 0.77% on Friday, reaching $115.41. The company had a trading volume of 32,706 shares. The firm has a 50-day moving average price of $119.97 and a 200 day moving average price of $118.55. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 15.80 and a beta of 1.27. DST Systems Inc. has a 1-year low of $97.32 and a 1-year high of $128.66.
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 analysts’ consensus estimates of $1.50 by $0.08. The business 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 in the prior year, the business posted $1.39 EPS. Equities research analysts predict that DST Systems Inc. will post $5.67 earnings per share for the current year.
The business 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. The ex-dividend date was Wednesday, August 24th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.13%. DST Systems’s dividend payout ratio (DPR) is presently 18.08%.
Several equities research analysts have recently issued reports on the company. Morgan Stanley reissued a “hold” rating on shares of DST Systems in a research note on Wednesday, June 15th. Zacks Investment Research lowered DST Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 17th. Finally, Robert W. Baird reissued an “outperform” rating and set a $132.00 price target on shares of DST Systems in a research note on Monday, June 27th.
In other news, CFO Gregg Wm Givens sold 534 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $121.41, for a total value of $64,832.94. Following the sale, the chief financial officer now owns 73,385 shares in the company, valued at approximately $8,909,672.85. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Vercie L. Lark sold 15,210 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now owns 29,600 shares in the company, valued at approximately $3,562,064. The disclosure for this sale can be found here. 1.83% of the stock is currently owned by 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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