Commerce Bank Has $1,605,000 Position in DST Systems Inc. (DST)
Commerce Bank boosted its position in shares of DST Systems Inc. (NYSE:DST) by 27.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 13,609 shares of the company’s stock after buying an additional 2,900 shares during the period. Commerce Bank’s holdings in DST Systems were worth $1,605,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fisher Asset Management LLC purchased a new position in DST Systems during the second quarter worth $16,891,000. Vanguard Group Inc. boosted its position in DST Systems by 4.5% in the second quarter. Vanguard Group Inc. now owns 2,796,224 shares of the company’s stock worth $325,563,000 after buying an additional 119,159 shares during the period. OLD National Bancorp IN boosted its position in DST Systems by 108.0% in the second quarter. OLD National Bancorp IN now owns 7,325 shares of the company’s stock worth $853,000 after buying an additional 3,803 shares during the period. Calvert Investment Management Inc. boosted its position in DST Systems by 3.3% in the second quarter. Calvert Investment Management Inc. now owns 119,763 shares of the company’s stock worth $13,944,000 after buying an additional 3,806 shares during the period. Finally, Quantitative Investment Management LLC purchased a new position in DST Systems during the second quarter worth $1,082,000. Institutional investors and hedge funds own 82.39% of the company’s stock.
DST Systems Inc. (NYSE:DST) traded down 0.48% on Monday, hitting $105.01. 194,325 shares of the stock were exchanged. The firm has a market cap of $3.36 billion, a PE ratio of 7.88 and a beta of 1.34. DST Systems Inc. has a 52-week low of $94.52 and a 52-week high of $128.66. The stock’s 50 day moving average price is $103.25 and its 200 day moving average price is $115.50.
DST Systems (NYSE:DST) last released its quarterly earnings results on Thursday, October 20th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.06. DST Systems had a net margin of 20.13% and a return on equity of 20.40%. The firm had revenue of $365.50 million for the quarter, compared to analysts’ expectations of $392.96 million. During the same quarter last year, the company earned $1.49 EPS. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. Equities research analysts forecast that DST Systems Inc. will post $5.61 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 23rd will be paid a dividend of $0.33 per share. The ex-dividend date is Monday, November 21st. This represents a $1.32 annualized dividend and a yield of 1.26%. DST Systems’s dividend payout ratio (DPR) is presently 9.78%.
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Separately, Zacks Investment Research cut shares of DST Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, September 20th.
In other DST Systems news, CFO Gregg Wm Givens sold 10,000 shares of DST Systems stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $121.52, for a total transaction of $1,215,200.00. Following the sale, 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 filing with the SEC, which is available at the SEC website. Company insiders own 1.83% 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 unified data management, business processing and customer communications solutions to clients within the asset management, brokerage, retirement and healthcare markets.
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