Eagle Asset Management Inc. boosted its stake in DST Systems Inc. (NYSE:DST) by 10.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 201,376 shares of the company’s stock after buying an additional 19,319 shares during the period. Eagle Asset Management Inc.’s holdings in DST Systems were worth $23,746,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in the company. BlueMountain Capital Management LLC raised its stake in DST Systems by 912.7% in the first quarter. BlueMountain Capital Management LLC now owns 1,033 shares of the company’s stock valued at $116,000 after buying an additional 931 shares during the period. Cutler Group LP raised its stake in shares of DST Systems by 227.9% in the third quarter. Cutler Group LP now owns 1,115 shares of the company’s stock worth $131,000 after buying an additional 775 shares during the last quarter. Meeder Asset Management Inc. raised its stake in shares of DST Systems by 4.7% in the second quarter. Meeder Asset Management Inc. now owns 1,645 shares of the company’s stock worth $192,000 after buying an additional 74 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of DST Systems during the second quarter worth $194,000. Finally, WFG Advisors LP raised its stake in shares of DST Systems by 13.3% in the second quarter. WFG Advisors LP now owns 1,701 shares of the company’s stock worth $198,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 82.39% of the company’s stock.
Shares of DST Systems Inc. (NYSE:DST) traded down 0.3255% during midday trading on Monday, reaching $105.1765. 89,413 shares of the company were exchanged. DST Systems Inc. has a 52 week low of $94.52 and a 52 week high of $128.66. The firm has a market capitalization of $3.36 billion, a P/E ratio of 7.8973 and a beta of 1.34. The firm has a 50-day moving average of $103.54 and a 200 day moving average of $115.69.
DST Systems (NYSE:DST) last released its earnings results on Thursday, October 20th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.06. DST Systems had a net margin of 20.13% and a return on equity of 20.40%. The business earned $365.50 million during the quarter, compared to analyst estimates of $392.96 million. During the same quarter in the prior year, the firm earned $1.49 earnings per share. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, equities research analysts expect that DST Systems Inc. will post $5.61 EPS for the current year.
The firm also recently announced 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. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Monday, November 21st. DST Systems’s payout ratio is 9.78%.
Separately, Zacks Investment Research lowered shares of DST Systems from a “buy” rating to a “hold” rating in a report on Tuesday, September 20th.
In other news, CFO Gregg Wm Givens sold 10,000 shares of the company’s stock in a transaction on Monday, October 3rd. The shares were 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 owns 53,404 shares of the company’s stock, valued at $6,268,561.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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.