Mesirow Financial Investment Management Equity Management Takes Position in DST Systems, Inc. (NYSE:DST)
Mesirow Financial Investment Management Equity Management acquired a new stake in DST Systems, Inc. (NYSE:DST) during the second quarter, Holdings Channel reports. The firm acquired 62,595 shares of the technology company’s stock, valued at approximately $3,864,000.
A number of other large investors have also recently made changes to their positions in DST. BlackRock Inc. raised its stake in shares of 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 stake in shares of 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. Diamond Hill Capital Management Inc. raised its stake in shares of DST Systems by 86.8% in the second quarter. Diamond Hill Capital Management Inc. now owns 856,976 shares of the technology company’s stock valued at $52,875,000 after buying an additional 398,203 shares during the period. Scout Investments Inc. raised its stake in shares of 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. Finally, Paradice Investment Management LLC purchased a new stake in shares of DST Systems during the first quarter valued at $31,554,000. 47.00% of the stock is owned by institutional investors.
Shares of DST Systems, Inc. (NYSE:DST) opened at 52.17 on Wednesday. DST Systems, Inc. has a one year low of $47.26 and a one year high of $62.94. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 5.26 and a beta of 1.29. The company has a 50-day moving average price of $59.73 and a 200 day moving average price of $59.71.
DST Systems (NYSE:DST) last posted its earnings results on Thursday, July 27th. The technology company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by $0.02. DST Systems had a net margin of 35.46% and a return on equity of 16.79%. The firm had revenue of $656.20 million during the quarter, compared to the consensus estimate of $541.90 million. During the same period in the prior year, the company posted $1.42 EPS. The firm’s revenue was up 68.0% compared to the same quarter last year. Equities research analysts expect that DST Systems, Inc. will post $3.05 earnings per share for the current year.
DST Systems announced that its board has initiated a stock repurchase program on Tuesday, May 9th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the technology company to reacquire up to 7.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Wednesday, August 23rd. DST Systems’s dividend payout ratio (DPR) is currently 7.11%.
DST has been the subject of several recent research reports. Zacks Investment Research lowered DST Systems from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. DA Davidson initiated coverage on DST Systems in a report on Wednesday, June 21st. They issued a “buy” rating and a $72.00 price objective for the company. ValuEngine raised DST Systems from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. Finally, BidaskClub lowered DST Systems from a “hold” rating to a “sell” rating in a report on Thursday, July 27th.
In other news, CFO Gregg Wm Givens sold 20,000 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was 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 owns 75,871 shares of the company’s stock, valued at $4,575,021.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders bought 847 shares of company stock worth $59,770 and sold 50,000 shares worth $3,654,400. 1.82% of the stock is owned by company 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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