TIAA CREF Investment Management LLC boosted its position in shares of DST Systems, Inc. (NYSE:DST) by 195.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 376,838 shares of the technology company’s stock after acquiring an additional 249,085 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.61% of DST Systems worth $23,251,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of DST. BlackRock Inc. lifted its position in DST Systems by 11,086.3% during the 1st quarter. BlackRock Inc. now owns 2,640,409 shares of the technology company’s stock worth $323,450,000 after acquiring an additional 2,616,805 shares during the period. Wells Fargo & Company MN lifted its position in DST Systems by 100.8% during the 2nd quarter. Wells Fargo & Company MN now owns 3,489,936 shares of the technology company’s stock worth $215,328,000 after acquiring an additional 1,751,490 shares during the period. Bank of New York Mellon Corp lifted its position in DST Systems by 89.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,791,789 shares of the technology company’s stock worth $110,553,000 after acquiring an additional 845,267 shares during the period. Fisher Asset Management LLC lifted its position in DST Systems by 96.1% during the 2nd quarter. Fisher Asset Management LLC now owns 1,347,820 shares of the technology company’s stock worth $83,160,000 after acquiring an additional 660,441 shares during the period. Finally, Prudential Financial Inc. lifted its position in DST Systems by 164.3% during the 2nd quarter. Prudential Financial Inc. now owns 953,466 shares of the technology company’s stock worth $58,829,000 after acquiring an additional 592,728 shares during the period. 84.99% of the stock is owned by institutional investors.
DST has been the subject of a number of research reports. BidaskClub cut DST Systems from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. DA Davidson initiated coverage on DST Systems in a research report on Wednesday, June 21st. They set a “buy” rating and a $72.00 price target for the company. ValuEngine raised DST Systems from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. Finally, Zacks Investment Research raised DST Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, June 7th.
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DST Systems, Inc. (NYSE:DST) opened at 53.88 on Monday. DST Systems, Inc. has a one year low of $47.26 and a one year high of $62.94. The stock has a 50 day moving average price of $51.84 and a 200 day moving average price of $58.26. The firm has a market cap of $3.26 billion, a PE ratio of 5.43 and a beta of 1.32.
DST Systems (NYSE:DST) last announced its earnings results on Thursday, July 27th. The technology company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.02). DST Systems had a return on equity of 16.79% and a net margin of 35.46%. The business had revenue of $656.20 million for the quarter, compared to analyst estimates of $541.90 million. During the same quarter last year, the company posted $1.42 EPS. DST Systems’s quarterly revenue was up 68.0% on a year-over-year basis. Equities research analysts expect that DST Systems, Inc. will post $3.05 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 25th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.72 annualized dividend and a dividend yield of 1.34%. DST Systems’s dividend payout ratio (DPR) is 7.11%.
In other news, CFO Gregg Wm Givens sold 20,000 shares of the stock in a transaction dated 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 sale, the chief financial officer now owns 55,871 shares in the company, valued at $3,428,244.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have bought 1,070 shares of company stock valued at $59,817 in the last quarter. Insiders own 1.82% of the company’s stock.
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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