DST Systems, Inc. (NYSE:DST)’s share price traded up 5% during mid-day trading on Friday . The company traded as high as $84.48 and last traded at $83.92. 10,154,600 shares changed hands during trading, an increase of 360% from the average session volume of 2,206,375 shares. The stock had previously closed at $79.89.
A number of equities analysts recently issued reports on the company. Evercore ISI reissued an “in-line” rating on shares of DST Systems in a report on Friday. DA Davidson lowered DST Systems from a “buy” rating to a “neutral” rating and set a $72.00 price target on the stock. in a 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 raised their price objective on shares of DST Systems from $57.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday, October 23rd. Finally, Robert W. Baird raised their price objective on shares of DST Systems from $68.00 to $72.00 and gave the company an “outperform” rating in a research report on Sunday, October 22nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $68.50.
The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market capitalization of $5,030.00, a PE ratio of 12.61, a P/E/G ratio of 1.77 and a beta of 1.37.
DST Systems (NYSE:DST) last announced its quarterly earnings data on Friday, October 20th. The technology company reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.03. The firm had revenue of $562.60 million during the quarter, compared to the consensus estimate 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 quarter last year, the firm earned $0.77 earnings per share. sell-side analysts anticipate that DST Systems, Inc. will post 3.08 earnings per share for the current year.
In related news, VP Jonathan J. Boehm sold 20,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the vice president now owns 75,518 shares in the company, valued at $4,870,911. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last 90 days, insiders purchased 976 shares of company stock valued at $59,812. 1.82% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the company. Wedge Capital Management L L P NC lifted its position in shares of DST Systems by 5,404.0% during the 3rd quarter. Wedge Capital Management L L P NC now owns 414,563 shares of the technology company’s stock valued at $22,751,000 after acquiring an additional 407,031 shares during the period. Principal Financial Group Inc. lifted its position in shares of DST Systems by 103.5% during the 2nd quarter. Principal Financial Group Inc. now owns 266,543 shares of the technology company’s stock valued at $16,446,000 after acquiring an additional 135,587 shares during the period. Algert Global LLC acquired a new stake in shares of DST Systems during the 3rd quarter valued at approximately $422,000. Fisher Asset Management LLC lifted its position in shares of DST Systems by 11.0% during the 3rd quarter. Fisher Asset Management LLC now owns 1,496,669 shares of the technology company’s stock valued at $82,137,000 after acquiring an additional 148,849 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of DST Systems by 103.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 668,227 shares of the technology company’s stock valued at $41,227,000 after acquiring an additional 340,305 shares during the period. Institutional investors own 85.71% 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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