DST Systems Inc. (DST) To Go Ex-Dividend on November 21st
DST Systems Inc. (NYSE:DST) declared a quarterly dividend on Friday, October 28th. Investors of record on Wednesday, November 23rd will be paid a dividend of 0.33 per share on Thursday, December 15th. This represents a $1.32 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Monday, November 21st.
DST Systems (NYSE:DST) opened at 100.16 on Wednesday. The company has a market cap of $3.20 billion, a P/E ratio of 7.52 and a beta of 1.34. The company’s 50-day moving average is $107.42 and its 200-day moving average is $116.79. DST Systems has a 12 month low of $94.52 and a 12 month high of $128.66.
DST Systems (NYSE:DST) last posted its earnings results on Thursday, October 20th. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.06. The business had revenue of $365.50 million for the quarter, compared to the consensus estimate of $392.96 million. DST Systems had a net margin of 20.13% and a return on equity of 20.40%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.49 EPS. On average, equities research analysts expect that DST Systems will post $5.61 EPS for the current fiscal year.
In other news, CFO Gregg Wm Givens sold 10,000 shares of DST Systems stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $121.52, for a total value of $1,215,200.00. Following the transaction, the chief financial officer now owns 63,385 shares of the company’s stock, valued at approximately $7,702,545.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Vercie L. Lark sold 15,210 shares of DST Systems stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $120.34, for a total transaction of $1,830,371.40. Following the completion of the transaction, the insider now directly owns 29,600 shares in the company, valued at approximately $3,562,064. The disclosure for this sale can be found here. Company insiders own 1.83% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Advisor Group Inc. purchased a new position in shares of DST Systems during the second quarter worth about $653,000. Raymond James & Associates increased its position in shares of DST Systems by 7.5% in the second quarter. Raymond James & Associates now owns 15,272 shares of the company’s stock worth $1,778,000 after buying an additional 1,059 shares during the last quarter. Axiom International Investors LLC DE purchased a new position in shares of DST Systems during the second quarter worth about $6,106,000. United Services Automobile Association increased its position in shares of DST Systems by 2.8% in the second quarter. United Services Automobile Association now owns 4,840 shares of the company’s stock worth $564,000 after buying an additional 130 shares during the last quarter. Finally, WFG Advisors LP increased 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 last quarter. 85.66% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research downgraded shares of DST Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, September 20th.
About DST Systems
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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