DST Systems (DST) Stock Rating Reaffirmed by Evercore ISI

DST Systems (NYSE:DST)‘s stock had its “in-line” rating reiterated by analysts at Evercore ISI in a report issued on Friday.

Several other analysts have also recently issued reports on the company. DA Davidson cut DST Systems from a “buy” rating to a “neutral” rating and set a $72.00 target price on the stock. in a research report on Friday. Zacks Investment Research lowered DST Systems from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Morgan Stanley increased their price objective on DST Systems from $57.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday, October 23rd. Finally, Robert W. Baird increased their price objective on DST Systems from $68.00 to $72.00 and gave the company an “outperform” rating in a report on Sunday, October 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $68.50.

Shares of DST Systems (NYSE DST) traded up $4.03 during midday trading on Friday, reaching $83.92. The company’s stock had a trading volume of 10,154,600 shares, compared to its average volume of 2,206,375. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $5,050.00, a PE ratio of 12.68, a PEG ratio of 1.77 and a beta of 1.37. DST Systems has a 1-year low of $50.22 and a 1-year high of $84.48.

DST Systems (NYSE:DST) last announced its earnings results on Friday, October 20th. The technology company reported $0.76 earnings per share (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 return on equity of 16.20% and a net margin of 21.26%. The business’s revenue for the quarter was up 45.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.77 EPS. analysts forecast that DST Systems will post 3.08 EPS for the current year.

In other news, VP Jonathan J. Boehm sold 20,000 shares of the stock in a transaction on Monday, January 8th. The stock was sold at an average price of $64.50, for a total transaction of $1,290,000.00. Following the completion of the sale, the vice president now owns 75,518 shares in the company, valued at approximately $4,870,911. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders have bought 976 shares of company stock valued at $59,812. Company insiders own 1.82% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Schwab Charles Investment Management Inc. raised its stake in DST Systems by 107.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 393,417 shares of the technology company’s stock worth $24,274,000 after acquiring an additional 203,417 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in DST Systems by 119.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the technology company’s stock worth $144,000 after acquiring an additional 1,266 shares during the last quarter. Principal Financial Group Inc. raised its stake in DST Systems by 103.5% in the 2nd quarter. Principal Financial Group Inc. now owns 266,543 shares of the technology company’s stock worth $16,446,000 after acquiring an additional 135,587 shares during the last quarter. Swiss National Bank raised its stake in DST Systems by 108.2% in the 2nd quarter. Swiss National Bank now owns 106,600 shares of the technology company’s stock worth $6,577,000 after acquiring an additional 55,400 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in DST Systems by 176.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 656,660 shares of the technology company’s stock worth $40,515,000 after acquiring an additional 419,172 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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