Envestnet Asset Management Inc. Has $489,000 Position in DST Systems, Inc. (DST)
Envestnet Asset Management Inc. raised its position in DST Systems, Inc. (NYSE:DST) by 9.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,004 shares of the technology company’s stock after buying an additional 342 shares during the period. Envestnet Asset Management Inc.’s holdings in DST Systems were worth $489,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. raised its stake in DST Systems by 0.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,424 shares of the technology company’s stock worth $174,000 after buying an additional 8 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of DST Systems by 0.7% in the first quarter. Capstone Asset Management Co. now owns 2,703 shares of the technology company’s stock worth $331,000 after buying an additional 20 shares during the period. Northwest Investment Counselors LLC increased its stake in shares of DST Systems by 1.3% in the first quarter. Northwest Investment Counselors LLC now owns 5,553 shares of the technology company’s stock worth $680,000 after buying an additional 70 shares during the period. Forward Management LLC increased its stake in shares of DST Systems by 3.1% in the first quarter. Forward Management LLC now owns 2,806 shares of the technology company’s stock worth $344,000 after buying an additional 85 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in shares of DST Systems by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 8,000 shares of the technology company’s stock worth $980,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 43.21% of the company’s stock.
Shares of DST Systems, Inc. (NYSE DST) opened at 60.54 on Tuesday. DST Systems, Inc. has a one year low of $47.26 and a one year high of $122.11. The company’s 50-day moving average is $60.74 and its 200-day moving average is $58.51. The stock has a market capitalization of $3.74 billion, a P/E ratio of 6.44 and a beta of 1.32.
DST Systems (NYSE:DST) last released its quarterly earnings data on Thursday, April 27th. The technology company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.64 by $0.08. DST Systems had a net margin of 40.00% and a return on equity of 17.85%. The business had revenue of $379.80 million for the quarter, compared to analyst estimates of $368.80 million. During the same period in the previous year, the firm earned $0.81 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities research analysts anticipate that DST Systems, Inc. will post $3.29 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Friday, May 26th were given a $0.36 dividend. The ex-dividend date was Wednesday, May 24th. This is a positive change from DST Systems’s previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a dividend yield of 2.38%. DST Systems’s payout ratio is currently 7.42%.
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DST has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of DST Systems from a “hold” rating to a “buy” rating and set a $67.50 price target on the stock in a report on Wednesday, March 29th. ValuEngine raised shares of DST Systems from a “hold” rating to a “buy” rating in a report on Saturday, June 10th.
In other DST Systems news, CFO Gregg Wm Givens sold 20,000 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $60.30, for a total value of $1,206,000.00. Following the transaction, the chief financial officer now directly owns 75,871 shares in the company, valued at approximately $4,575,021.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Stephen C. Hooley sold 10,000 shares of the company’s stock in a transaction dated Thursday, April 20th. The shares were sold at an average price of $125.23, for a total transaction of $1,252,300.00. Following the completion of the transaction, the chief executive officer now owns 64,703 shares in the company, valued at $8,102,756.69. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 489 shares of company stock worth $59,738 and sold 45,000 shares worth $4,304,500. 1.82% of the stock is 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 data management, business processing and customer communications solutions to clients within the asset management, brokerage, retirement and healthcare markets.
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