Thrivent Financial For Lutherans grew its holdings in DST Systems, Inc. (NYSE:DST) by 63.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 744,579 shares of the technology company’s stock after purchasing an additional 289,412 shares during the quarter. Thrivent Financial For Lutherans owned about 1.21% of DST Systems worth $45,940,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of DST. First Bank & Trust grew its position in shares of DST Systems by 99.8% in the second quarter. First Bank & Trust now owns 1,718 shares of the technology company’s stock valued at $106,000 after purchasing an additional 858 shares during the last quarter. CENTRAL TRUST Co grew its position in shares of DST Systems by 3,458.3% in the second quarter. CENTRAL TRUST Co now owns 2,135 shares of the technology company’s stock valued at $132,000 after purchasing an additional 2,075 shares during the last quarter. CWM LLC acquired a new stake in shares of DST Systems in the second quarter valued at about $133,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of DST Systems by 119.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the technology company’s stock valued at $144,000 after purchasing an additional 1,266 shares during the last quarter. Finally, Bank of Montreal Can grew its position in shares of DST Systems by 102.6% in the second quarter. Bank of Montreal Can now owns 2,926 shares of the technology company’s stock valued at $180,000 after purchasing an additional 1,482 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.
Several equities research analysts have recently issued reports on DST shares. BidaskClub downgraded DST Systems from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. DA Davidson started coverage on DST Systems in a research report on Wednesday, June 21st. They issued a “buy” rating and a $72.00 price target on the stock. 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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Shares of DST Systems, Inc. (NYSE:DST) traded up 0.48% during midday trading on Friday, hitting $52.35. The stock had a trading volume of 667,795 shares. The firm has a market capitalization of $3.17 billion, a PE ratio of 5.28 and a beta of 1.32. DST Systems, Inc. has a 1-year low of $47.26 and a 1-year high of $62.94. The company’s 50 day moving average price is $51.97 and its 200-day moving average price is $58.39.
DST Systems (NYSE:DST) last issued its earnings results on Thursday, July 27th. The technology company reported $0.76 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.02). The firm had revenue of $656.20 million during the quarter, compared to the consensus estimate of $541.90 million. DST Systems had a net margin of 35.46% and a return on equity of 16.79%. The firm’s revenue for the quarter was up 68.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.42 earnings per share. Equities analysts predict that DST Systems, Inc. will post $3.05 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 25th were issued a $0.18 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.38%. DST Systems’s payout ratio is 7.11%.
In other news, CFO Gregg Wm Givens sold 20,000 shares of the company’s stock in a transaction dated 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders bought 1,070 shares of company stock worth $59,817. 1.82% of the stock is owned by insiders.
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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