ING Groep NV acquired a new position in DST Systems, Inc. (NYSE:DST) during the second quarter, Holdings Channel reports. The institutional investor acquired 7,514 shares of the technology company’s stock, valued at approximately $464,000.

A number of other institutional investors have also modified their holdings of DST. Benjamin F. Edwards & Company Inc. increased its position in shares of 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 period. Capstone Asset Management Co. increased its position 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 position 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. Financial Counselors Inc. increased its position in shares of DST Systems by 3.5% in the first quarter. Financial Counselors Inc. now owns 2,386 shares of the technology company’s stock worth $292,000 after buying an additional 80 shares during the period. Finally, Forward Management LLC increased its position 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. 45.29% of the stock is owned by institutional investors.

Shares of DST Systems, Inc. (NYSE:DST) traded down 0.95% during trading on Friday, reaching $53.22. 1,406,155 shares of the company were exchanged. The stock has a market capitalization of $3.28 billion, a P/E ratio of 5.36 and a beta of 1.29. The firm has a 50-day moving average price of $60.36 and a 200-day moving average price of $59.85. DST Systems, Inc. has a 1-year low of $47.26 and a 1-year high of $122.11.

DST Systems (NYSE:DST) last released its earnings results on Thursday, July 27th. The technology company reported $0.76 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.78 by $0.02. The business had revenue of $656.20 million for the quarter, compared to analyst estimates of $541.90 million. DST Systems had a return on equity of 16.79% and a net margin of 35.46%. DST Systems’s quarterly revenue was up 68.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.42 earnings per share. Equities research analysts predict that DST Systems, Inc. will post $3.05 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 25th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.72 dividend on an annualized basis and a yield of 1.35%. DST Systems’s dividend payout ratio (DPR) is presently 7.11%.

DST Systems announced that its board has initiated a share buyback program on Tuesday, May 9th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the technology company to purchase up to 7.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

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A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of DST Systems from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a research note on Monday, June 19th. BidaskClub downgraded shares of DST Systems from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. DA Davidson assumed coverage on shares of DST Systems in a research note on Wednesday, June 21st. They issued a “buy” rating and a $72.00 price objective for the company. Finally, ValuEngine raised shares of DST Systems from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th.

In other DST Systems news, VP Jonathan J. Boehm sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $125.00, for a total transaction of $625,000.00. Following the sale, the vice president now directly owns 47,692 shares in the company, valued at approximately $5,961,500. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Gregg Wm Givens sold 20,000 shares of the stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $61.36, for a total transaction of $1,227,200.00. Following the sale, the chief financial officer now owns 55,871 shares in the company, valued at $3,428,244.56. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 847 shares of company stock worth $59,770 and have sold 55,000 shares worth $4,279,400. 1.82% of the stock is owned by corporate 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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Institutional Ownership by Quarter for DST Systems (NYSE:DST)

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