DST Systems, Inc. (NYSE:DST) shares are going to split on Friday, June 9th. The 2-1 split was announced on Tuesday, May 9th. The newly minted shares will be payable to shareholders after the market closes on Thursday, June 8th.

Shares of DST Systems (NYSE:DST) opened at 118.13 on Wednesday. The company has a 50-day moving average of $122.25 and a 200 day moving average of $114.57. DST Systems has a 12-month low of $94.52 and a 12-month high of $128.66. The firm has a market capitalization of $3.65 billion, a PE ratio of 6.28 and a beta of 1.35.

DST Systems (NYSE:DST) last posted its quarterly earnings data on Thursday, April 27th. The technology company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.18. DST Systems had a return on equity of 19.56% and a net margin of 23.12%. The company had revenue of $379.80 million during the quarter, compared to analysts’ expectations of $368.80 million. During the same period in the prior year, the business earned $1.61 earnings per share. DST Systems’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, analysts predict that DST Systems will post $6.54 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Friday, May 26th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.22%. This is a boost from DST Systems’s previous quarterly dividend of $0.35. The ex-dividend date is Wednesday, May 24th. DST Systems’s dividend payout ratio is currently 9.85%.

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Separately, Zacks Investment Research raised DST Systems from a “hold” rating to a “buy” rating and set a $135.00 price objective for the company in a research report on Wednesday, March 29th.

In other news, CEO Stephen C. Hooley sold 17,920 shares of the stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $117.66, for a total value of $2,108,467.20. Following the completion of the sale, the chief executive officer now directly owns 71,925 shares of the company’s stock, valued at $8,462,695.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jonathan J. Boehm sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $125.00, for a total value of $625,000.00. Following the completion of the sale, the vice president now directly owns 47,692 shares of the company’s stock, valued at $5,961,500. The disclosure for this sale can be found here. Over the last three months, insiders bought 491 shares of company stock valued at $59,763 and sold 42,920 shares valued at $5,206,967. 1.83% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Punch & Associates Investment Management Inc. boosted its position in shares of DST Systems by 0.7% in the third quarter. Punch & Associates Investment Management Inc. now owns 30,208 shares of the technology company’s stock valued at $3,562,000 after buying an additional 201 shares during the period. Wade G W & Inc. boosted its position in shares of DST Systems by 1.1% in the third quarter. Wade G W & Inc. now owns 2,927 shares of the technology company’s stock valued at $345,000 after buying an additional 33 shares during the period. Sit Investment Associates Inc. boosted its position in shares of DST Systems by 10.6% in the third quarter. Sit Investment Associates Inc. now owns 27,200 shares of the technology company’s stock valued at $3,207,000 after buying an additional 2,600 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. boosted its position in shares of DST Systems by 1.7% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 96,492 shares of the technology company’s stock valued at $11,378,000 after buying an additional 1,645 shares during the period. Finally, Pegasus Partners Ltd. boosted its position in shares of DST Systems by 0.4% in the third quarter. Pegasus Partners Ltd. now owns 7,960 shares of the technology company’s stock valued at $939,000 after buying an additional 30 shares during the period. 87.18% of the stock is owned by hedge funds and other institutional investors.

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.

12 Month Chart for NYSE:DST

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