DST Systems, Inc. (DST) Stake Boosted by Flinton Capital Management LLC
Flinton Capital Management LLC lifted its position in shares of DST Systems, Inc. (NYSE:DST) by 166.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,830 shares of the technology company’s stock after purchasing an additional 10,506 shares during the quarter. Flinton Capital Management LLC’s holdings in DST Systems were worth $1,038,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Prudential PLC boosted its position in shares of DST Systems by 100.0% during the second quarter. Prudential PLC now owns 4,400 shares of the technology company’s stock worth $271,000 after purchasing an additional 2,200 shares in the last quarter. Punch & Associates Investment Management Inc. boosted its position in shares of DST Systems by 95.3% during the second quarter. Punch & Associates Investment Management Inc. now owns 58,368 shares of the technology company’s stock worth $3,601,000 after purchasing an additional 28,483 shares in the last quarter. Royal Bank of Canada boosted its position in shares of DST Systems by 151.3% during the second quarter. Royal Bank of Canada now owns 30,978 shares of the technology company’s stock worth $1,912,000 after purchasing an additional 18,651 shares in the last quarter. AHL Partners LLP boosted its position in shares of DST Systems by 141.0% during the second quarter. AHL Partners LLP now owns 162,702 shares of the technology company’s stock worth $10,039,000 after purchasing an additional 95,183 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of DST Systems by 91.4% during the second quarter. Goldman Sachs Group Inc. now owns 1,326,817 shares of the technology company’s stock worth $81,864,000 after purchasing an additional 633,726 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.
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DST has been the topic of a number of recent analyst reports. BidaskClub cut shares of DST Systems from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th. DA Davidson initiated coverage on shares of DST Systems in a research report on Wednesday, June 21st. They set a “buy” rating and a $72.00 price target on the stock. ValuEngine raised shares of DST Systems from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. Finally, Zacks Investment Research cut shares of DST Systems from a “buy” rating to a “hold” rating in a research report on Monday, July 31st.
DST Systems, Inc. (NYSE DST) opened at 55.67 on Friday. The company has a market capitalization of $3.37 billion, a PE ratio of 5.61 and a beta of 1.31. DST Systems, Inc. has a 12 month low of $47.26 and a 12 month high of $62.94. The stock’s 50 day moving average is $52.71 and its 200-day moving average is $57.85.
DST Systems (NYSE:DST) last posted its quarterly earnings data on Thursday, July 27th. The technology company reported $0.76 EPS for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.02). DST Systems had a net margin of 35.46% and a return on equity of 16.79%. The firm had revenue of $656.20 million during the quarter, compared to the consensus estimate of $541.90 million. During the same period in the prior year, the company posted $1.42 earnings per share. The company’s revenue for the quarter was up 68.0% compared to the same quarter last year. On average, analysts expect that DST Systems, Inc. will post $3.05 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 25th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Wednesday, August 23rd. DST Systems’s dividend payout ratio is currently 7.11%.
In other news, CFO Gregg Wm Givens sold 20,000 shares of the company’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $61.36, for a total value 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 available at the SEC website. Over the last ninety days, insiders bought 1,112 shares of company stock worth $59,822. Insiders own 1.82% of the company’s stock.
DST Systems Company 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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