Insider Selling: DST Systems, Inc. (DST) CFO Sells 20,000 Shares of Stock
DST Systems, Inc. (NYSE:DST) CFO Gregg Wm Givens sold 20,000 shares of the business’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $61.36, for a total transaction of $1,227,200.00. Following the completion of the sale, the chief financial officer now directly owns 55,871 shares of the company’s stock, valued at approximately $3,428,244.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Gregg Wm Givens also recently made the following trade(s):
- On Thursday, June 15th, Gregg Wm Givens sold 20,000 shares of DST Systems stock. The shares were sold at an average price of $60.30, for a total transaction of $1,206,000.00.
- On Tuesday, May 16th, Gregg Wm Givens sold 10,000 shares of DST Systems stock. The shares were sold at an average price of $122.12, for a total transaction of $1,221,200.00.
Shares of DST Systems, Inc. (DST) opened at 52.17 on Wednesday. DST Systems, Inc. has a 12 month low of $47.26 and a 12 month high of $62.94. The stock’s 50 day moving average is $59.73 and its 200 day moving average is $59.71. The firm has a market cap of $3.22 billion, a PE ratio of 5.26 and a beta of 1.29.
DST Systems (NYSE:DST) last issued its quarterly earnings data on Thursday, July 27th. The technology company reported $0.76 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 company had revenue of $656.20 million for the quarter, compared to analyst estimates of $541.90 million. During the same period in the prior year, the company posted $1.42 EPS. The business’s revenue was up 68.0% on a year-over-year basis. On average, analysts anticipate that DST Systems, Inc. will post $3.05 earnings per share for the current fiscal year.
DST Systems declared that its board has approved a stock buyback program on Tuesday, May 9th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the technology company to reacquire up to 7.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 25th will be given a $0.18 dividend. 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 1.38%. DST Systems’s dividend payout ratio is currently 7.11%.
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DST has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of DST Systems from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. ValuEngine raised shares of DST Systems from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. DA Davidson assumed coverage on shares of DST Systems in a research report on Wednesday, June 21st. They issued a “buy” rating and a $72.00 target price on the stock. Finally, BidaskClub cut shares of DST Systems from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th.
A number of large investors have recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. boosted its stake 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 in the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in DST Systems during the first quarter worth $209,000. First Bank & Trust boosted its stake in DST Systems by 99.8% in the second quarter. First Bank & Trust now owns 1,718 shares of the technology company’s stock valued at $106,000 after buying an additional 858 shares during the period. Two Sigma Securities LLC purchased a new stake in DST Systems during the first quarter valued at approximately $228,000. Finally, CENTRAL TRUST Co boosted its stake in DST Systems by 3,458.3% in the second quarter. CENTRAL TRUST Co now owns 2,135 shares of the technology company’s stock valued at $132,000 after buying an additional 2,075 shares during the period. 47.00% of the stock is owned by hedge funds and other institutional investors.
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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