Legal & General Group Plc Has $15.51 Million Position in DST Systems, Inc. (DST)

Legal & General Group Plc raised its position in shares of DST Systems, Inc. (NYSE:DST) by 8.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 126,573 shares of the technology company’s stock after buying an additional 10,291 shares during the period. Legal & General Group Plc owned 0.40% of DST Systems worth $15,505,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. increased its stake in shares of DST Systems by 0.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,424 shares of the technology company’s stock valued at $174,000 after buying an additional 8 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of DST Systems by 0.7% in the first quarter. Capstone Asset Management Co. now owns 2,703 shares of the technology company’s stock valued at $331,000 after buying an additional 20 shares during the last quarter. Northwest Investment Counselors LLC increased its stake in shares of DST Systems by 1.3% in the first quarter. Northwest Investment Counselors LLC now owns 5,553 shares of the technology company’s stock valued at $680,000 after buying an additional 70 shares during the last quarter. Forward Management LLC increased its stake in shares of DST Systems by 3.1% in the first quarter. Forward Management LLC now owns 2,806 shares of the technology company’s stock valued at $344,000 after buying an additional 85 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in shares of DST Systems by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 8,000 shares of the technology company’s stock valued at $980,000 after buying an additional 100 shares during the last quarter. 43.21% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for DST Systems (NYSE:DST)

DST Systems, Inc. (NYSE DST) traded down 0.08% during mid-day trading on Tuesday, hitting $60.49. 59,950 shares of the stock traded hands. The stock has a 50-day moving average price of $60.74 and a 200-day moving average price of $58.51. The stock has a market cap of $3.74 billion, a P/E ratio of 6.43 and a beta of 1.32. DST Systems, Inc. has a 12 month low of $47.26 and a 12 month high of $122.11.

DST Systems (NYSE:DST) last issued its quarterly earnings data on Thursday, April 27th. The technology company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.64 by $0.08. DST Systems had a net margin of 40.00% and a return on equity of 17.85%. The firm had revenue of $379.80 million for the quarter, compared to analyst estimates of $368.80 million. During the same period in the prior year, the business posted $0.81 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities analysts forecast that DST Systems, Inc. will post $3.29 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Friday, May 26th were issued a $0.36 dividend. This is a positive change from DST Systems’s previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend was Wednesday, May 24th. DST Systems’s dividend payout ratio is currently 7.42%.

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Several brokerages have issued reports on DST. Zacks Investment Research raised shares of DST Systems from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a research note on Monday. ValuEngine raised shares of DST Systems from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th.

In other news, VP Jonathan J. Boehm sold 5,000 shares of the company’s 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 transaction, the vice president now directly owns 47,692 shares in the company, valued at approximately $5,961,500. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Stephen C. Hooley sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 20th. The stock was sold at an average price of $125.23, for a total transaction of $1,252,300.00. Following the completion of the transaction, the chief executive officer now owns 64,703 shares in the company, valued at $8,102,756.69. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 489 shares of company stock worth $59,738 and sold 45,000 shares worth $4,304,500. Corporate insiders own 1.82% of the company’s stock.

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.

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