Morgan Stanley Sells 18,995 Shares of DST Systems, Inc. (DST)
Morgan Stanley reduced its position in DST Systems, Inc. (NYSE:DST) by 9.0% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 192,339 shares of the technology company’s stock after selling 18,995 shares during the period. Morgan Stanley owned 0.61% of DST Systems worth $23,561,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the company. Benjamin F. Edwards & Company Inc. raised its position in DST Systems by 0.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,424 shares of the technology company’s stock worth $174,000 after buying an additional 8 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new position in DST Systems during the first quarter worth $209,000. World Asset Management Inc raised its position in DST Systems by 13.6% in the first quarter. World Asset Management Inc now owns 2,262 shares of the technology company’s stock worth $277,000 after buying an additional 270 shares during the last quarter. Financial Counselors Inc. raised its position in DST Systems by 3.5% in the first quarter. Financial Counselors Inc. now owns 2,386 shares of the technology company’s stock worth $292,000 after buying an additional 80 shares during the last quarter. Finally, BW Gestao de Investimentos Ltda. raised its position in DST Systems by 8.0% in the first quarter. BW Gestao de Investimentos Ltda. now owns 2,420 shares of the technology company’s stock worth $296,000 after buying an additional 180 shares during the last quarter. 45.29% of the stock is owned by hedge funds and other institutional investors.
Shares of DST Systems, Inc. (NYSE:DST) traded down 0.95% on Friday, hitting $53.22. The stock had a trading volume of 1,406,155 shares. The company’s 50 day moving average is $60.36 and its 200 day moving average is $59.85. The stock has a market cap of $3.28 billion, a PE ratio of 5.36 and a beta of 1.29. DST Systems, Inc. has a one year low of $47.26 and a one year high of $122.11.
DST Systems (NYSE:DST) last released its quarterly earnings results on Thursday, July 27th. The technology company reported $0.76 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.78 by $0.02. DST Systems had a net margin of 35.46% and a return on equity of 16.79%. The firm had revenue of $656.20 million for the quarter, compared to analyst estimates of $541.90 million. During the same quarter in the prior year, the firm earned $1.42 EPS. The firm’s revenue was up 68.0% compared to the same quarter last year. Equities research analysts predict that DST Systems, Inc. will post $3.05 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.35%. DST Systems’s dividend payout ratio is currently 7.11%.
DST Systems announced that its board has initiated a stock buyback program on Tuesday, May 9th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the technology company to repurchase up to 7.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
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DST has been the subject of several 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. ValuEngine upgraded DST Systems from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. DA Davidson started coverage on DST Systems in a research note on Wednesday, June 21st. They issued a “buy” rating and a $72.00 price target for the company. Finally, BidaskClub cut DST Systems from a “hold” rating to a “sell” rating in a report on Thursday, July 27th.
In other DST Systems news, CFO Gregg Wm Givens sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $122.12, for a total value of $1,221,200.00. Following the completion of the sale, the chief financial officer now directly owns 47,915 shares of the company’s stock, valued at $5,851,379.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jonathan J. Boehm sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $125.00, for a total transaction of $625,000.00. Following the completion of the sale, the vice president now directly owns 47,692 shares of the company’s stock, valued at $5,961,500. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 847 shares of company stock worth $59,770 and have sold 55,000 shares worth $4,279,400. 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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