DST Systems, Inc. (NYSE:DST) Shares Bought by Sit Investment Associates Inc.
Sit Investment Associates Inc. boosted its stake in DST Systems, Inc. (NYSE:DST) by 98.1% during the second quarter, Holdings Channel reports. The firm owned 57,300 shares of the technology company’s stock after buying an additional 28,375 shares during the period. Sit Investment Associates Inc.’s holdings in DST Systems were worth $3,535,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in DST Systems by 11,086.3% in the first quarter. BlackRock Inc. now owns 2,640,409 shares of the technology company’s stock valued at $323,450,000 after buying an additional 2,616,805 shares during the period. Fisher Asset Management LLC raised its position in DST Systems by 96.1% in the second quarter. Fisher Asset Management LLC now owns 1,347,820 shares of the technology company’s stock valued at $83,160,000 after buying an additional 660,441 shares during the period. Scout Investments Inc. raised its position in DST Systems by 697.2% in the first quarter. Scout Investments Inc. now owns 314,574 shares of the technology company’s stock valued at $35,475,000 after buying an additional 275,116 shares during the period. Norges Bank purchased a new position in DST Systems during the fourth quarter valued at approximately $28,041,000. Finally, Paradice Investment Management LLC purchased a new position in DST Systems during the first quarter valued at approximately $31,554,000. 42.99% of the stock is currently owned by institutional investors.
DST Systems, Inc. (NYSE:DST) traded down 0.61% during mid-day trading on Friday, reaching $60.52. The company’s stock had a trading volume of 68,824 shares. The firm has a market capitalization of $3.74 billion, a P/E ratio of 6.43 and a beta of 1.32. DST Systems, Inc. has a 52 week low of $47.26 and a 52 week high of $63.03. The firm’s 50 day moving average price is $61.15 and its 200 day moving average price is $59.69.
DST Systems (NYSE:DST) last issued its quarterly earnings results on Thursday, April 27th. The technology company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.08. DST Systems had a return on equity of 17.85% and a net margin of 40.00%. The company had revenue of $379.80 million for the quarter, compared to analysts’ expectations of $368.80 million. During the same period last year, the firm earned $0.81 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts anticipate that DST Systems, Inc. will post $3.29 EPS for the current fiscal year.
DST Systems declared that its board has authorized a stock buyback plan on Tuesday, May 9th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 7.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.
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DST has been the topic of several research analyst reports. Zacks Investment Research raised DST Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, June 7th. DA Davidson began coverage on DST Systems in a report on Wednesday, June 21st. They issued a “buy” rating and a $72.00 target price on the stock. Finally, ValuEngine raised 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 DST Systems stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $125.00, for a total transaction of $625,000.00. Following the completion of the sale, the vice president now owns 47,692 shares of the company’s stock, valued at $5,961,500. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Gregg Wm Givens sold 20,000 shares of DST Systems stock in a transaction on 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 sale, the chief financial officer now directly owns 75,871 shares of the company’s stock, valued at approximately $4,575,021.30. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 647 shares of company stock worth $59,758 and have sold 55,000 shares worth $4,279,400. 1.82% 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 data management, business processing and customer communications solutions to clients within the asset management, brokerage, retirement and healthcare markets.
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