DST Systems Inc. (DST) Shares Bought by Eagle Asset Management Inc.
Eagle Asset Management Inc. increased its stake in shares of DST Systems Inc. (NYSE:DST) by 10.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 201,376 shares of the company’s stock after buying an additional 19,319 shares during the period. Eagle Asset Management Inc. owned about 0.62% of DST Systems worth $23,746,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. BlueMountain Capital Management LLC boosted its position in shares of DST Systems by 912.7% in the first quarter. BlueMountain Capital Management LLC now owns 1,033 shares of the company’s stock valued at $116,000 after buying an additional 931 shares in the last quarter. Cutler Group LP boosted its position in shares of DST Systems by 227.9% in the third quarter. Cutler Group LP now owns 1,115 shares of the company’s stock valued at $131,000 after buying an additional 775 shares in the last quarter. 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 valued at $192,000 after buying an additional 74 shares in the last quarter. Bank of Montreal Can bought a new position in shares of DST Systems during the second quarter valued at 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 valued at $198,000 after buying an additional 200 shares in the last quarter. Institutional investors own 82.39% of the company’s stock.
Shares of DST Systems Inc. (NYSE:DST) traded down 0.3255% during midday trading on Monday, reaching $105.1765. 89,413 shares of the company’s stock were exchanged. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 7.8973 and a beta of 1.34. The stock’s 50 day moving average price is $103.54 and its 200 day moving average price is $115.69. DST Systems Inc. has a 12-month low of $94.52 and a 12-month high of $128.66.
DST Systems (NYSE:DST) last released its quarterly earnings data on Thursday, October 20th. The company reported $1.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.06. DST Systems had a net margin of 20.13% and a return on equity of 20.40%. The business earned $365.50 million during the quarter, compared to analyst estimates of $392.96 million. During the same quarter last year, the business earned $1.49 earnings per share. DST Systems’s quarterly revenue was up 4.1% compared to the same quarter last year. Equities analysts anticipate that DST Systems Inc. will post $5.61 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 23rd will be issued a $0.33 dividend. The ex-dividend date of this dividend is Monday, November 21st. This represents a $1.32 annualized dividend and a dividend yield of 1.25%. 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 news, CFO Gregg Wm Givens sold 10,000 shares of the firm’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $117.38, for a total value of $1,173,800.00. Following the completion of the sale, the chief financial officer now owns 53,404 shares in the company, valued at approximately $6,268,561.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.83% of the stock is currently owned by insiders.
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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