DST Systems, Inc. (NYSE:DST) Position Raised by Forward Management LLC
Forward Management LLC boosted its position in shares of DST Systems, Inc. (NYSE:DST) by 108.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,847 shares of the technology company’s stock after buying an additional 3,041 shares during the period. Forward Management LLC’s holdings in DST Systems were worth $360,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in DST. Benjamin F. Edwards & Company Inc. increased its stake 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 in the last quarter. Capstone Asset Management Co. increased its position in 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 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 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, Louisiana State Employees Retirement System increased its position in 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. 47.00% of the stock is currently owned by institutional investors.
DST Systems, Inc. (NYSE DST) opened at 50.60 on Friday. The stock has a market capitalization of $3.06 billion, a P/E ratio of 5.10 and a beta of 1.29. The company has a 50 day moving average of $58.41 and a 200-day moving average of $59.56. DST Systems, Inc. has a 52-week low of $47.26 and a 52-week high of $62.94.
DST Systems (NYSE:DST) last released its earnings results on Thursday, July 27th. The technology company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.78 by $0.02. DST Systems had a net margin of 35.46% and a return on equity of 16.79%. The business had revenue of $656.20 million for the quarter, compared to the consensus estimate of $541.90 million. During the same quarter in the previous year, the firm earned $1.42 EPS. The firm’s revenue for the quarter was up 68.0% on a year-over-year basis. Equities research analysts anticipate that DST Systems, Inc. will post $3.05 EPS for the current year.
DST Systems announced that its Board of Directors has authorized a share buyback plan on Tuesday, May 9th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the technology company to repurchase up to 7.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.72 annualized dividend and a dividend yield of 1.42%. DST Systems’s dividend payout ratio is currently 7.11%.
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A number of research firms recently commented on DST. BidaskClub downgraded shares of DST Systems from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th. Zacks Investment Research downgraded shares of DST Systems from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. DA Davidson began coverage on shares of DST Systems in a research report on Wednesday, June 21st. They issued a “buy” rating and a $72.00 target price on the stock. Finally, ValuEngine raised shares of DST Systems from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th.
In related news, CFO Gregg Wm Givens sold 20,000 shares of the stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $61.36, for a total value of $1,227,200.00. Following the completion of the transaction, the chief financial officer now owns 55,871 shares in the company, valued at approximately $3,428,244.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have bought 847 shares of company stock valued at $59,770 and have sold 50,000 shares valued at $3,654,400. 1.82% of the stock is currently owned by corporate 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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