DST Systems Inc. (DST) Director Lowell L. Bryan Buys 169 Shares
DST Systems Inc. (NYSE:DST) Director Lowell L. Bryan acquired 169 shares of the company’s stock in a transaction dated Monday, October 3rd. The stock was acquired at an average cost of $117.69 per share, for a total transaction of $19,889.61. Following the completion of the purchase, the director now directly owns 20,721 shares in the company, valued at $2,438,654.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of DST Systems Inc. (NYSE:DST) traded down 1.06% during mid-day trading on Tuesday, reaching $116.21. The company had a trading volume of 302,967 shares. The firm has a 50-day moving average of $120.28 and a 200-day moving average of $118.52. The company has a market capitalization of $3.79 billion, a P/E ratio of 15.91 and a beta of 1.27. DST Systems Inc. has a 12-month low of $97.32 and a 12-month high of $128.66.
DST Systems (NYSE:DST) last released its earnings results on Thursday, July 21st. The company reported $1.58 EPS for the quarter, beating the Zacks’ consensus estimate of $1.50 by $0.08. The business had revenue of $526.20 million for the quarter, compared to analysts’ expectations of $545.57 million. DST Systems had a return on equity of 21.20% and a net margin of 9.90%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.39 earnings per share. On average, equities analysts anticipate that DST Systems Inc. will post $5.67 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Friday, August 26th were paid a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $1.32 dividend on an annualized basis and a yield of 1.12%. DST Systems’s dividend payout ratio is presently 18.08%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlueMountain Capital Management LLC boosted its position in DST Systems by 912.7% in the first quarter. BlueMountain Capital Management LLC now owns 1,033 shares of the company’s stock worth $116,000 after buying an additional 931 shares in the last quarter. Cutler Group LP boosted its position in shares of DST Systems by 703.2% in the first quarter. Cutler Group LP now owns 1,253 shares of the company’s stock worth $141,000 after buying an additional 1,097 shares during the period. Meeder Asset Management Inc. boosted its position in shares of DST Systems by 4.7% in the second quarter. Meeder Asset Management Inc. now owns 1,645 shares of the company’s stock worth $192,000 after buying an additional 74 shares during the period. Bank of Montreal Can bought a new position in shares of DST Systems during the second quarter worth about $194,000. Finally, WFG Advisors LP boosted its position in shares of DST Systems by 13.3% in the second quarter. WFG Advisors LP now owns 1,701 shares of the company’s stock worth $198,000 after buying an additional 200 shares during the period. 86.46% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently issued reports on the company. Zacks Investment Research raised DST Systems from a “sell” rating to a “buy” rating and set a $135.00 price objective on the stock in a research note on Tuesday, August 23rd. Morgan Stanley reissued a “hold” rating on shares of DST Systems in a research note on Wednesday, June 15th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $132.00 price objective on shares of DST Systems in a research note on Monday, June 27th.
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 unified data management, business processing and customer communications solutions to clients within the asset management, brokerage, retirement and healthcare markets.
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