Legal & General Group Plc Has $15.51 Million Position in DST Systems, Inc. (DST)
Legal & General Group Plc raised its position in DST Systems, Inc. (NYSE:DST) by 8.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 126,573 shares of the technology company’s stock after buying an additional 10,291 shares during the period. Legal & General Group Plc’s holdings in DST Systems were worth $15,505,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN raised its stake in DST Systems by 10.7% in the first quarter. Wells Fargo & Company MN now owns 1,738,446 shares of the technology company’s stock worth $212,959,000 after buying an additional 167,986 shares during the period. AQR Capital Management LLC raised its stake in DST Systems by 14.6% in the fourth quarter. AQR Capital Management LLC now owns 871,849 shares of the technology company’s stock worth $93,419,000 after buying an additional 111,344 shares during the period. FMR LLC raised its stake in DST Systems by 6.4% in the fourth quarter. FMR LLC now owns 868,425 shares of the technology company’s stock worth $93,052,000 after buying an additional 52,439 shares during the period. Thrivent Financial for Lutherans raised its stake in DST Systems by 5.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 454,697 shares of the technology company’s stock worth $48,720,000 after buying an additional 24,580 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in DST Systems by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 330,257 shares of the technology company’s stock worth $35,388,000 after buying an additional 5,463 shares during the period. Institutional investors own 43.21% of the company’s stock.
Shares of DST Systems, Inc. (NYSE:DST) traded down 0.08% during midday trading on Tuesday, hitting $60.49. 59,950 shares of the company’s stock were exchanged. DST Systems, Inc. has a 1-year low of $47.26 and a 1-year high of $122.11. The stock’s 50 day moving average is $60.74 and its 200-day moving average is $58.51. The stock has a market cap of $3.74 billion, a PE ratio of 6.43 and a beta of 1.32.
DST Systems (NYSE:DST) last posted its earnings results on Thursday, April 27th. The technology company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.08. The business had revenue of $379.80 million for the quarter, compared to analysts’ expectations of $368.80 million. DST Systems had a net margin of 40.00% and a return on equity of 17.85%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.81 earnings per share. Analysts predict that DST Systems, Inc. will post $3.29 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Friday, May 26th were issued a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, May 24th. This is a boost from DST Systems’s previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a yield of 2.38%. DST Systems’s dividend payout ratio is currently 7.42%.
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A number of equities research analysts have issued reports on DST shares. Zacks Investment Research upgraded shares of DST Systems from a “hold” rating to a “buy” rating and set a $67.50 target price on the stock in a report on Wednesday, March 29th. ValuEngine upgraded shares of DST Systems from a “hold” rating to a “buy” rating in a report on Saturday, June 10th.
In related news, VP Jonathan J. Boehm sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $125.00, for a total value of $625,000.00. Following the sale, the vice president now directly owns 47,692 shares of the company’s stock, valued at $5,961,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Stephen C. Hooley sold 10,000 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now directly 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 ninety days, insiders purchased 489 shares of company stock worth $59,738 and sold 45,000 shares worth $4,304,500. Corporate insiders own 1.82% of the company’s stock.
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 data management, business processing and customer communications solutions to clients within the asset management, brokerage, retirement and healthcare markets.
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