Nordea Investment Management AB boosted its stake in shares of DST Systems Inc. (NYSE:DST) by 68.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,539 shares of the company’s stock after buying an additional 3,875 shares during the period. Nordea Investment Management AB’s holdings in DST Systems were worth $1,125,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Fisher Asset Management LLC increased its stake in shares of DST Systems by 147.9% in the third quarter. Fisher Asset Management LLC now owns 347,502 shares of the company’s stock valued at $40,977,000 after buying an additional 207,336 shares during the period. Loomis Sayles & Co. L P increased its stake in DST Systems by 89.8% in the second quarter. Loomis Sayles & Co. L P now owns 324,654 shares of the company’s stock worth $37,799,000 after buying an additional 153,623 shares during the last quarter. Vanguard Group Inc. increased its stake in DST Systems by 4.5% in the second quarter. Vanguard Group Inc. now owns 2,796,224 shares of the company’s stock worth $325,563,000 after buying an additional 119,159 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its stake in DST Systems by 700.4% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 94,847 shares of the company’s stock worth $11,043,000 after buying an additional 82,997 shares during the last quarter. Finally, Emerald Acquisition Ltd. bought a new stake in DST Systems during the second quarter worth $8,457,000. 84.35% of the stock is owned by institutional investors.
DST Systems Inc. (NYSE:DST) traded down 0.72% during mid-day trading on Friday, hitting $105.52. 109,750 shares of the stock were exchanged. The company has a market cap of $3.38 billion, a P/E ratio of 7.92 and a beta of 1.34. DST Systems Inc. has a one year low of $94.52 and a one year high of $128.66. The company has a 50-day moving average price of $103.54 and a 200-day moving average price of $115.69.
DST Systems (NYSE:DST) last announced its quarterly earnings results on Thursday, October 20th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.06. The business earned $365.50 million during the quarter, compared to analyst estimates of $392.96 million. DST Systems had a return on equity of 20.40% and a net margin of 20.13%. The firm’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.49 EPS. On average, analysts predict that DST Systems Inc. will post $5.61 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 23rd will be issued a dividend of $0.33 per share. The ex-dividend date is Monday, November 21st. This represents a $1.32 annualized dividend and a dividend yield of 1.25%. DST Systems’s dividend payout ratio is 9.78%.
Separately, Zacks Investment Research raised shares of DST Systems from a “sell” rating to a “buy” rating and set a $135.00 price target for the company in a research report on Tuesday, August 23rd.
In other news, CFO Gregg Wm Givens sold 10,000 shares of DST Systems stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $117.38, for a total transaction of $1,173,800.00. Following the completion of the sale, the chief financial officer now directly owns 53,404 shares in the company, valued at approximately $6,268,561.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.83% 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 unified data management, business processing and customer communications solutions to clients within the asset management, brokerage, retirement and healthcare markets.