Lowell L. Bryan Acquires 338 Shares of DST Systems, Inc. (DST) Stock
DST Systems, Inc. (NYSE:DST) Director Lowell L. Bryan bought 338 shares of the stock in a transaction dated Wednesday, November 1st. The shares were bought at an average cost of $58.90 per share, with a total value of $19,908.20. Following the completion of the acquisition, the director now directly owns 48,277 shares of the company’s stock, valued at approximately $2,843,515.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
DST Systems (NYSE:DST) last posted its quarterly earnings results on Friday, October 20th. The technology company reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.03. DST Systems had a net margin of 21.26% and a return on equity of 16.20%. The firm had revenue of $562.60 million during the quarter, compared to analyst estimates of $523.57 million. During the same quarter in the prior year, the business posted $0.77 earnings per share. The company’s quarterly revenue was up 45.5% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 22nd will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Tuesday, November 21st. DST Systems’s dividend payout ratio (DPR) is presently 10.63%.
A number of large investors have recently bought and sold shares of the stock. Boston Partners acquired a new position in DST Systems in the third quarter worth about $3,426,000. Prudential Financial Inc. raised its position in DST Systems by 8.9% in the third quarter. Prudential Financial Inc. now owns 1,037,864 shares of the technology company’s stock worth $56,958,000 after purchasing an additional 84,398 shares in the last quarter. Smith Moore & CO. raised its position in DST Systems by 22.4% in the third quarter. Smith Moore & CO. now owns 7,299 shares of the technology company’s stock worth $401,000 after purchasing an additional 1,335 shares in the last quarter. Forward Management LLC raised its position in DST Systems by 25.9% in the third quarter. Forward Management LLC now owns 7,364 shares of the technology company’s stock worth $405,000 after purchasing an additional 1,517 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its position in DST Systems by 5,404.0% in the third quarter. Wedge Capital Management L L P NC now owns 414,563 shares of the technology company’s stock worth $22,751,000 after purchasing an additional 407,031 shares in the last quarter. 84.23% of the stock is owned by hedge funds and other institutional investors.
DST has been the subject of several recent research reports. BidaskClub lowered DST Systems from a “sell” rating to a “strong sell” rating in a report on Friday, August 4th. Morgan Stanley upped their target price on DST Systems from $57.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday, October 23rd. Zacks Investment Research lowered DST Systems from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $68.00 target price on shares of DST Systems in a report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. DST Systems has an average rating of “Hold” and an average target price of $68.00.
DST Systems Company 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.
Receive News & Ratings for DST Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DST Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.