Profund Advisors LLC Purchases 1,377 Shares of DST Systems, Inc. (DST)
Profund Advisors LLC boosted its position in shares of DST Systems, Inc. (NYSE:DST) by 24.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,958 shares of the technology company’s stock after purchasing an additional 1,377 shares during the period. Profund Advisors LLC’s holdings in DST Systems were worth $429,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DST. Financial Counselors Inc. grew its stake in DST Systems by 3.5% in the first quarter. Financial Counselors Inc. now owns 2,386 shares of the technology company’s stock valued at $292,000 after purchasing an additional 80 shares in the last quarter. Advantus Capital Management Inc increased its position in DST Systems by 2.5% in the 1st quarter. Advantus Capital Management Inc now owns 4,070 shares of the technology company’s stock worth $499,000 after purchasing an additional 100 shares during the last quarter. Envestnet Asset Management Inc. increased its position in DST Systems by 9.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,004 shares of the technology company’s stock worth $489,000 after purchasing an additional 342 shares during the last quarter. Liberty Mutual Group Asset Management Inc. increased its position in DST Systems by 2.9% in the 1st quarter. Liberty Mutual Group Asset Management Inc. now owns 14,162 shares of the technology company’s stock worth $1,735,000 after purchasing an additional 399 shares during the last quarter. Finally, Stevens Capital Management LP increased its position in DST Systems by 3.7% in the 2nd quarter. Stevens Capital Management LP now owns 14,902 shares of the technology company’s stock worth $919,000 after purchasing an additional 538 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on DST shares. ValuEngine raised DST Systems from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Zacks Investment Research raised DST Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, June 7th. DA Davidson assumed 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 downgraded DST Systems from a “hold” rating to a “sell” rating in a report on Thursday, July 27th.
DST Systems, Inc. (NYSE:DST) opened at 55.10 on Tuesday. The stock’s 50 day moving average is $52.22 and its 200 day moving average is $57.93. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 5.55 and a beta of 1.31. DST Systems, Inc. has a 52 week low of $47.26 and a 52 week high of $62.94.
DST Systems (NYSE:DST) last announced its 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). The firm had revenue of $656.20 million during the quarter, compared to analyst estimates of $541.90 million. DST Systems had a net margin of 35.46% and a return on equity of 16.79%. The firm’s quarterly revenue was up 68.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.42 EPS. Equities research analysts expect that DST Systems, Inc. will post $3.05 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 25th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Wednesday, August 23rd. DST Systems’s dividend payout ratio (DPR) is currently 7.11%.
In other news, CFO Gregg Wm Givens sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $61.36, for a total transaction of $1,227,200.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.82% of the stock is owned by company insiders.
DST Systems Profile
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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