DST Systems, Inc. (DST) Shares Sold by BlueMountain Capital Management LLC

BlueMountain Capital Management LLC trimmed its holdings in DST Systems, Inc. (NYSE:DST) by 18.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,277 shares of the technology company’s stock after selling 4,371 shares during the period. BlueMountain Capital Management LLC’s holdings in DST Systems were worth $1,189,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of DST. BlackRock Inc. boosted its stake in DST Systems by 102.5% in the 2nd quarter. BlackRock Inc. now owns 5,347,693 shares of the technology company’s stock worth $329,952,000 after buying an additional 2,707,284 shares during the last quarter. Wells Fargo & Company MN boosted its stake in DST Systems by 100.8% in the 2nd quarter. Wells Fargo & Company MN now owns 3,489,936 shares of the technology company’s stock worth $215,328,000 after buying an additional 1,751,490 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in DST Systems by 89.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,791,789 shares of the technology company’s stock worth $110,553,000 after buying an additional 845,267 shares during the last quarter. Fisher Asset Management LLC boosted its stake in DST Systems by 96.1% in the 2nd quarter. Fisher Asset Management LLC now owns 1,347,820 shares of the technology company’s stock worth $83,160,000 after buying an additional 660,441 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in DST Systems by 164.3% in the 2nd quarter. Prudential Financial Inc. now owns 953,466 shares of the technology company’s stock worth $58,829,000 after buying an additional 592,728 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

DST Systems (NYSE:DST) last issued its quarterly earnings results on Thursday, July 27th. The technology company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). DST Systems had a net margin of 35.46% and a return on equity of 16.79%. The business had revenue of $656.20 million for the quarter, compared to analysts’ expectations of $541.90 million. During the same quarter in the prior year, the firm posted $1.42 EPS. The business’s quarterly revenue was up 68.0% compared to the same quarter last year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 25th were issued a dividend of $0.18 per share. 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 dividend payout ratio is 7.11%.

In other news, CFO Gregg Wm Givens sold 20,000 shares of DST Systems stock in a transaction on Friday, July 14th. The stock was sold at an average price of $61.36, for a total transaction of $1,227,200.00. Following the transaction, the chief financial officer now owns 55,871 shares in the company, valued at $3,428,244.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought 1,070 shares of company stock worth $59,817 in the last quarter. 1.82% of the stock is currently owned by corporate insiders.

A number of equities analysts have recently commented on DST shares. BidaskClub downgraded DST Systems from a “sell” rating to a “strong sell” rating in a report on Friday, August 4th. Zacks Investment Research downgraded DST Systems from a “buy” rating to a “hold” rating in a report on Monday, July 31st. DA Davidson started coverage on DST Systems in a report on Wednesday, June 21st. They issued a “buy” rating and a $72.00 price objective on the stock. Finally, ValuEngine upgraded DST Systems from a “hold” rating to a “buy” rating in a report on Saturday, June 10th.

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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.

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

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