Oppenheimer Asset Management Inc. purchased a new stake in shares of DST Systems, Inc. (NYSE:DST) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,962 shares of the technology company’s stock, valued at approximately $1,343,000.
Several other large investors have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of DST Systems during the fourth quarter valued at approximately $28,041,000. Ellington Management Group LLC purchased a new stake in shares of DST Systems during the fourth quarter valued at approximately $236,000. Tudor Investment Corp Et Al purchased a new stake in shares of DST Systems during the fourth quarter valued at approximately $439,000. Two Sigma Investments LP raised its stake in shares of DST Systems by 46.7% in the fourth quarter. Two Sigma Investments LP now owns 38,230 shares of the technology company’s stock valued at $4,096,000 after buying an additional 12,173 shares during the last quarter. Finally, First Republic Investment Management Inc. raised its stake in shares of DST Systems by 35.9% in the fourth quarter. First Republic Investment Management Inc. now owns 12,106 shares of the technology company’s stock valued at $1,296,000 after buying an additional 3,197 shares during the last quarter. Institutional investors own 43.21% of the company’s stock.
DST Systems, Inc. (NYSE DST) traded up 1.00% on Friday, hitting $62.34. 63,485 shares of the company were exchanged. The stock has a 50 day moving average price of $60.69 and a 200 day moving average price of $58.57. DST Systems, Inc. has a one year low of $47.26 and a one year high of $122.11. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 6.63 and a beta of 1.32.
DST Systems (NYSE:DST) last posted its quarterly earnings results on Thursday, April 27th. The technology company reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.08. The business had revenue of $379.80 million during the quarter, compared to the consensus estimate of $368.80 million. DST Systems had a net margin of 40.00% and a return on equity of 17.85%. DST Systems’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.81 earnings per share. On average, equities research analysts forecast that DST Systems, Inc. will post $3.29 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Friday, May 26th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.33%. This is an increase from DST Systems’s previous quarterly dividend of $0.35. The ex-dividend date was Wednesday, May 24th. DST Systems’s payout ratio is 7.42%.
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Several equities research analysts have commented on the stock. Zacks Investment Research lowered shares of DST Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. DA Davidson initiated coverage on shares of DST Systems in a research note on Wednesday. They set a “buy” rating and a $72.00 price objective on the stock. Finally, ValuEngine upgraded shares of DST Systems from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th.
In other DST Systems news, CEO Stephen C. Hooley sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 20th. The shares were sold at an average price of $125.23, for a total value of $1,252,300.00. Following the completion of the sale, the chief executive officer now owns 64,703 shares of the company’s stock, valued at $8,102,756.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gregg Wm Givens sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $60.30, for a total transaction of $1,206,000.00. Following the completion of the sale, the chief financial officer now directly owns 75,871 shares of the company’s stock, valued at approximately $4,575,021.30. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 489 shares of company stock valued at $59,738 and have sold 45,000 shares valued at $4,304,500. Insiders own 1.82% of the company’s stock.
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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