Thompson Siegel & Walmsley LLC Raises Position in DST Systems, Inc. (DST)
Thompson Siegel & Walmsley LLC increased its position in shares of DST Systems, Inc. (NYSE:DST) by 77.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 397,412 shares of the technology company’s stock after acquiring an additional 174,020 shares during the period. Thompson Siegel & Walmsley LLC owned about 0.64% of DST Systems worth $24,520,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in DST Systems during the 1st quarter worth $209,000. First Bank & Trust grew its position in DST Systems by 99.8% during the 2nd quarter. First Bank & Trust now owns 1,718 shares of the technology company’s stock worth $106,000 after acquiring an additional 858 shares during the last quarter. Two Sigma Securities LLC bought a new stake in DST Systems during the 1st quarter worth $228,000. CENTRAL TRUST Co grew its position in DST Systems by 3,458.3% during the 2nd quarter. CENTRAL TRUST Co now owns 2,135 shares of the technology company’s stock worth $132,000 after acquiring an additional 2,075 shares during the last quarter. Finally, CWM LLC bought a new stake in DST Systems during the 2nd quarter worth $133,000. Institutional investors and hedge funds own 84.98% of the company’s stock.
Shares of DST Systems, Inc. (DST) opened at 52.26 on Monday. DST Systems, Inc. has a 52-week low of $47.26 and a 52-week high of $122.11. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 5.27 and a beta of 1.32. The firm has a 50 day moving average price of $54.26 and a 200-day moving average price of $58.82.
DST Systems (NYSE:DST) last posted its earnings results on Thursday, July 27th. The technology company reported $0.76 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by $0.02. The business had revenue of $656.20 million during the quarter, compared to the consensus estimate of $541.90 million. DST Systems had a return on equity of 16.79% and a net margin of 35.46%. The firm’s revenue for the quarter was up 68.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.42 earnings per share. Equities research analysts anticipate that DST Systems, Inc. will post $3.05 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.72 annualized dividend and a dividend yield of 1.38%. DST Systems’s payout ratio is presently 7.11%.
DST Systems announced that its board has authorized a stock buyback plan on Tuesday, May 9th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the technology company to repurchase up to 7.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.
In other DST Systems news, CFO Gregg Wm Givens sold 20,000 shares of DST Systems stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 55,871 shares of the company’s stock, valued at approximately $3,428,244.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.82% of the stock is owned by company insiders.
A number of research firms have commented on DST. BidaskClub lowered DST Systems from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. DA Davidson began coverage on DST Systems in a research report on Wednesday, June 21st. They issued a “buy” rating and a $72.00 price target on the stock. ValuEngine upgraded DST Systems from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. Finally, Zacks Investment Research upgraded DST Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, June 7th.
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.
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.