15,282 Shares in DST Systems, Inc. (DST) Acquired by Gargoyle Investment Advisor L.L.C.
Gargoyle Investment Advisor L.L.C. acquired a new position in DST Systems, Inc. (NYSE:DST) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 15,282 shares of the technology company’s stock, valued at approximately $943,000.
A number of other institutional investors have also recently made changes to their positions in DST. First Bank & Trust increased its position in shares of DST Systems by 99.8% in the second quarter. First Bank & Trust now owns 1,718 shares of the technology company’s stock worth $106,000 after buying an additional 858 shares during the last quarter. CENTRAL TRUST Co increased its position in shares of DST Systems by 3,458.3% in the second quarter. CENTRAL TRUST Co now owns 2,135 shares of the technology company’s stock worth $132,000 after buying an additional 2,075 shares in the last quarter. CWM LLC bought a new position in shares of DST Systems during the second quarter worth about $133,000. Benjamin F. Edwards & Company Inc. increased its position in shares of 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. Finally, Bank of Montreal Can increased its position in shares of DST Systems by 102.6% in the second quarter. Bank of Montreal Can now owns 2,926 shares of the technology company’s stock worth $180,000 after buying an additional 1,482 shares in the last quarter. Institutional investors own 51.74% of the company’s stock.
DST Systems, Inc. (NYSE DST) opened at 50.60 on Monday. DST Systems, Inc. has a one year low of $47.26 and a one year high of $122.11. The stock has a 50 day moving average of $58.41 and a 200-day moving average of $59.56. The stock has a market cap of $3.06 billion, a P/E ratio of 5.10 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 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $541.90 million. During the same quarter in the prior year, the firm earned $1.42 earnings per share. DST Systems’s revenue for the quarter was up 68.0% compared to the same quarter last year. Analysts anticipate that DST Systems, Inc. will post $3.05 EPS for the current year.
DST Systems announced that its Board of Directors has approved a stock repurchase program on Tuesday, May 9th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 7.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
The firm also recently declared 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. This represents a $0.72 annualized dividend and a yield of 1.42%. The ex-dividend date is Wednesday, August 23rd. DST Systems’s dividend payout ratio (DPR) is presently 7.11%.
A number of brokerages have recently issued reports on DST. BidaskClub downgraded shares of DST Systems from a “sell” rating to a “strong sell” rating in a report on Friday, August 4th. Zacks Investment Research downgraded shares of DST Systems from a “buy” rating to a “hold” rating in a report on Monday, July 31st. DA Davidson began coverage on shares of DST Systems in a report on Wednesday, June 21st. They issued a “buy” rating and a $72.00 price target for the company. Finally, ValuEngine upgraded shares of DST Systems from a “hold” rating to a “buy” rating in a report on Saturday, June 10th.
In other DST Systems news, CFO Gregg Wm Givens sold 20,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $60.30, for a total value of $1,206,000.00. Following the sale, the chief financial officer now directly owns 75,871 shares in the company, valued at $4,575,021.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders acquired 847 shares of company stock worth $59,770 and sold 50,000 shares worth $3,654,400. 1.82% of the stock is currently owned by insiders.
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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