DST Systems (DST) Sees Unusually-High Trading Volume

Shares of DST Systems, Inc. (NYSE:DST) saw unusually-strong trading volume on Thursday . Approximately 5,710,800 shares changed hands during mid-day trading, an increase of 433% from the previous session’s volume of 1,070,914 shares.The stock last traded at $79.89 and had previously closed at $65.15.

Several analysts have recently weighed in on DST shares. Robert W. Baird reaffirmed a “buy” rating and set a $68.00 price objective on shares of DST Systems in a report on Thursday, October 12th. Morgan Stanley raised their price objective on shares of DST Systems from $57.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. Finally, Zacks Investment Research lowered shares of DST Systems from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $68.50.

The firm has a market capitalization of $5,050.00, a P/E ratio of 12.07, a PEG ratio of 1.77 and a beta of 1.37. 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 (NYSE:DST) last posted its quarterly earnings data on Friday, October 20th. The technology company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.73 by $0.03. The business had revenue of $562.60 million for the quarter, compared to analysts’ expectations of $523.57 million. DST Systems had a net margin of 21.26% and a return on equity of 16.20%. The firm’s revenue was up 45.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.77 EPS. equities analysts expect that DST Systems, Inc. will post 3.08 EPS for the current fiscal year.

In related news, VP Jonathan J. Boehm sold 20,000 shares of the business’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $64.50, for a total value of $1,290,000.00. Following the sale, the vice president now directly owns 75,518 shares of the company’s stock, valued at approximately $4,870,911. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders purchased a total of 976 shares of company stock worth $59,812 over the last ninety days. 1.82% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of DST. BlackRock Inc. increased 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 valued at $329,952,000 after buying an additional 2,707,284 shares during the last quarter. Vanguard Group Inc. increased its stake in DST Systems by 97.3% in the 2nd quarter. Vanguard Group Inc. now owns 5,287,278 shares of the technology company’s stock valued at $326,225,000 after buying an additional 2,608,072 shares during the last quarter. State Street Corp increased its stake in DST Systems by 93.6% in the 2nd quarter. State Street Corp now owns 1,765,321 shares of the technology company’s stock valued at $108,912,000 after buying an additional 853,405 shares during the last quarter. FMR LLC increased its stake in DST Systems by 81.9% in the 2nd quarter. FMR LLC now owns 1,529,200 shares of the technology company’s stock valued at $94,352,000 after buying an additional 688,675 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in DST Systems by 91.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,326,817 shares of the technology company’s stock valued at $81,864,000 after buying an additional 633,726 shares during the last quarter. Hedge funds and other institutional investors own 85.71% of the company’s stock.

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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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