Opus Capital Group LLC bought a new stake in DST Systems, Inc. (NYSE:DST) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 3,581 shares of the technology company’s stock, valued at approximately $221,000.

A number of other hedge funds and other institutional investors have also modified their holdings of DST. BlackRock Inc. increased its position in shares of DST Systems by 11,086.3% in the first quarter. BlackRock Inc. now owns 2,640,409 shares of the technology company’s stock valued at $323,450,000 after buying an additional 2,616,805 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of DST Systems by 89.3% in the second quarter. Bank of New York Mellon Corp now owns 1,791,789 shares of the technology company’s stock valued at $110,553,000 after buying an additional 845,267 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of DST Systems by 96.1% in the second quarter. Fisher Asset Management LLC now owns 1,347,820 shares of the technology company’s stock valued at $83,160,000 after buying an additional 660,441 shares during the last quarter. Diamond Hill Capital Management Inc. increased its position in shares of DST Systems by 86.8% in the second quarter. Diamond Hill Capital Management Inc. now owns 856,976 shares of the technology company’s stock valued at $52,875,000 after buying an additional 398,203 shares during the last quarter. Finally, Scout Investments Inc. increased its position in shares of DST Systems by 697.2% in the first quarter. Scout Investments Inc. now owns 314,574 shares of the technology company’s stock valued at $35,475,000 after buying an additional 275,116 shares during the last quarter. 51.74% of the stock is owned by hedge funds and other institutional investors.

Shares of DST Systems, Inc. (NYSE DST) opened at 50.76 on Monday. DST Systems, Inc. has a 12-month low of $47.26 and a 12-month high of $122.11. The company has a market capitalization of $3.07 billion, a PE ratio of 5.12 and a beta of 1.29. The stock’s 50 day moving average price is $56.93 and its 200 day moving average price is $59.32.

DST Systems (NYSE:DST) last announced its quarterly earnings data on Thursday, July 27th. The technology company reported $0.76 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.78 by $0.02. The firm had revenue of $656.20 million for the quarter, compared to analysts’ expectations of $541.90 million. DST Systems had a net margin of 35.46% and a return on equity of 16.79%. The business’s quarterly revenue was up 68.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.42 earnings per share. On average, equities research analysts forecast that DST Systems, Inc. will post $3.05 earnings per share for the current year.

DST Systems declared that its board has initiated a stock repurchase program on Tuesday, May 9th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 7.7% of its stock through open market purchases. Stock buyback programs are generally an indication 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. Investors 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 1.42%. DST Systems’s dividend payout ratio is 7.11%.

ILLEGAL ACTIVITY NOTICE: This article was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The correct version of this article can be read at https://www.thecerbatgem.com/2017/08/21/opus-capital-group-llc-invests-221000-in-dst-systems-inc-dst.html.

Several research analysts have commented on DST shares. Zacks Investment Research downgraded DST Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. DA Davidson started coverage on DST Systems in a research note on Wednesday, June 21st. They set a “buy” rating and a $72.00 target price for the company. ValuEngine raised DST Systems from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Finally, BidaskClub downgraded DST Systems from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th.

In related news, CFO Gregg Wm Givens sold 20,000 shares of the firm’s stock in a transaction dated 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 transaction, 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. Over the last three months, insiders have purchased 847 shares of company stock worth $59,770. 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.

Want to see what other hedge funds are holding DST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DST Systems, Inc. (NYSE:DST).

Institutional Ownership by Quarter for DST Systems (NYSE:DST)

Receive News & Stock Ratings for DST Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DST Systems Inc. and related stocks with our FREE daily email newsletter.