DST Systems, Inc. (DST) Director Lowell L. Bryan Acquires 319 Shares of Stock
DST Systems, Inc. (NYSE:DST) Director Lowell L. Bryan bought 319 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was bought at an average price of $62.54 per share, with a total value of $19,950.26. Following the completion of the acquisition, the director now owns 48,596 shares of the company’s stock, valued at approximately $3,039,193.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of DST Systems, Inc. (NYSE:DST) opened at $62.09 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.09 and a current ratio of 1.09. DST Systems, Inc. has a 52 week low of $50.22 and a 52 week high of $62.98. The stock has a market cap of $3,740.27, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 2.01 and a beta of 1.36.
DST Systems (NYSE:DST) last posted its earnings results on Friday, October 20th. The technology company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.03. DST Systems had a net margin of 21.26% and a return on equity of 16.20%. The business had revenue of $562.60 million for the quarter, compared to analysts’ expectations of $523.57 million. During the same period in the previous year, the company posted $0.77 earnings per share. The business’s revenue for the quarter was up 45.5% compared to the same quarter last year. sell-side analysts predict that DST Systems, Inc. will post 3.08 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 22nd will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.16%. DST Systems’s payout ratio is currently 10.63%.
A number of research firms recently issued reports on DST. Morgan Stanley boosted their target price on shares of DST Systems from $57.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday, October 23rd. Robert W. Baird boosted their price objective on shares of DST Systems from $68.00 to $72.00 and gave the stock an “outperform” rating in a research note on Sunday, October 22nd. Finally, Zacks Investment Research downgraded shares of DST Systems from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. DST Systems presently has an average rating of “Hold” and a consensus price target of $68.00.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. People s United Financial Inc. lifted its position in shares of DST Systems by 3.5% during the second quarter. People s United Financial Inc. now owns 12,959 shares of the technology company’s stock worth $800,000 after purchasing an additional 443 shares in the last quarter. Stevens Capital Management LP lifted its position in shares of DST Systems by 3.7% during the second quarter. Stevens Capital Management LP now owns 14,902 shares of the technology company’s stock worth $919,000 after purchasing an additional 538 shares in the last quarter. First Bank & Trust lifted its position in shares of DST Systems by 99.8% during the second quarter. First Bank & Trust now owns 1,718 shares of the technology company’s stock worth $106,000 after purchasing an additional 858 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in DST Systems by 3.1% in the third quarter. Oppenheimer & Co. Inc. now owns 30,764 shares of the technology company’s stock valued at $1,688,000 after acquiring an additional 914 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in 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 acquiring an additional 1,266 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.
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About DST Systems
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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