DST Systems, Inc. (DST) Shares Bought by Riverhead Capital Management LLC
Riverhead Capital Management LLC raised its stake in shares of DST Systems, Inc. (NYSE:DST) by 167.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 12,555 shares of the technology company’s stock after acquiring an additional 7,855 shares during the period. Riverhead Capital Management LLC’s holdings in DST Systems were worth $775,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Financial Counselors Inc. lifted its stake in DST Systems by 3.5% during the 1st quarter. Financial Counselors Inc. now owns 2,386 shares of the technology company’s stock valued at $292,000 after acquiring an additional 80 shares during the period. Advantus Capital Management Inc lifted its stake in DST Systems by 2.5% during the 1st quarter. Advantus Capital Management Inc now owns 4,070 shares of the technology company’s stock valued at $499,000 after acquiring an additional 100 shares during the period. ARGI Investment Services LLC lifted its stake in DST Systems by 2.1% during the 1st quarter. ARGI Investment Services LLC now owns 9,524 shares of the technology company’s stock valued at $1,166,000 after acquiring an additional 198 shares during the period. Comerica Bank lifted its stake in DST Systems by 1.1% during the 1st quarter. Comerica Bank now owns 24,734 shares of the technology company’s stock valued at $2,995,000 after acquiring an additional 258 shares during the period. Finally, World Asset Management Inc lifted its stake in DST Systems by 13.6% during the 1st quarter. World Asset Management Inc now owns 2,262 shares of the technology company’s stock valued at $277,000 after acquiring an additional 270 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.
In other DST Systems news, CFO Gregg Wm Givens sold 20,000 shares of the firm’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $61.36, for a total value of $1,227,200.00. Following the completion of the sale, the chief financial officer now owns 55,871 shares of the company’s stock, valued at $3,428,244.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In the last three months, insiders acquired 1,070 shares of company stock valued at $59,817. Corporate insiders own 1.82% of the company’s stock.
Several equities analysts have issued reports on the stock. Zacks Investment Research cut shares of DST Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. BidaskClub cut shares of DST Systems from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. ValuEngine upgraded shares of DST Systems from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Finally, DA Davidson assumed coverage on shares of DST Systems in a research note on Wednesday, June 21st. They set a “buy” rating and a $72.00 target price on the stock.
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DST Systems, Inc. (NYSE DST) opened at 52.11 on Tuesday. DST Systems, Inc. has a 1-year low of $47.26 and a 1-year high of $62.94. The firm’s 50-day moving average is $51.92 and its 200 day moving average is $58.31. The company has a market cap of $3.15 billion, a PE ratio of 5.25 and a beta of 1.32.
DST Systems (NYSE:DST) last issued its quarterly 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). The business had revenue of $656.20 million during 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 revenue was up 68.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.42 EPS. Analysts predict that DST Systems, Inc. will post $3.05 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 25th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.38%. The ex-dividend date was Wednesday, August 23rd. DST Systems’s dividend payout ratio is presently 7.11%.
DST Systems 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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