State of Tennessee Treasury Department grew its holdings in shares of DST Systems, Inc. (NYSE:DST) by 343.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 109,200 shares of the technology company’s stock after purchasing an additional 84,600 shares during the quarter. State of Tennessee Treasury Department owned approximately 0.18% of DST Systems worth $6,738,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of DST. First Bank & Trust lifted its stake in shares of DST Systems by 99.8% during the 2nd quarter. First Bank & Trust now owns 1,718 shares of the technology company’s stock worth $106,000 after purchasing an additional 858 shares during the period. CENTRAL TRUST Co lifted its stake in shares of DST Systems by 3,458.3% during the 2nd quarter. CENTRAL TRUST Co now owns 2,135 shares of the technology company’s stock worth $132,000 after purchasing an additional 2,075 shares during the period. CWM LLC purchased a new position in shares of DST Systems during the 2nd quarter worth $133,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of DST Systems by 119.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the technology company’s stock worth $144,000 after purchasing an additional 1,266 shares during the period. Finally, Bank of Montreal Can lifted its stake in shares of DST Systems by 102.6% during the 2nd quarter. Bank of Montreal Can now owns 2,926 shares of the technology company’s stock worth $180,000 after purchasing an additional 1,482 shares during the period. 84.99% of the stock is currently owned by institutional investors.
DST Systems, Inc. (NYSE:DST) opened at 52.35 on Friday. DST Systems, Inc. has a 12 month low of $47.26 and a 12 month high of $62.94. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 5.28 and a beta of 1.32. The company has a 50 day moving average price of $51.97 and a 200 day moving average price of $58.39.
DST Systems (NYSE:DST) last issued its earnings results on Thursday, July 27th. The technology company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). The company had revenue of $656.20 million for the quarter, compared to analyst estimates of $541.90 million. DST Systems had a net margin of 35.46% and a return on equity of 16.79%. The company’s quarterly revenue was up 68.0% on a year-over-year basis. During the same period last year, the business earned $1.42 EPS. Equities research analysts predict that DST Systems, Inc. will post $3.05 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 25th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Wednesday, August 23rd. DST Systems’s dividend payout ratio (DPR) is currently 7.11%.
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DST has been the topic of a number of recent analyst reports. Zacks Investment Research lowered DST Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. DA Davidson initiated coverage on DST Systems in a research report on Wednesday, June 21st. They issued a “buy” rating and a $72.00 target price on the stock. BidaskClub lowered DST Systems from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th. Finally, ValuEngine raised DST Systems from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th.
In other DST Systems news, CFO Gregg Wm Givens sold 20,000 shares of DST Systems stock in a transaction on Friday, July 14th. The shares were sold at an average price of $61.36, for a total transaction 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 approximately $3,428,244.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have acquired a total of 1,070 shares of company stock valued at $59,817 in the last three months. Company insiders own 1.82% of the company’s stock.
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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