DST Systems, Inc. (NYSE:DST)‘s stock had its “buy” rating restated by equities research analysts at Robert W. Baird in a report issued on Thursday. They currently have a $68.00 price target on the technology company’s stock. Robert W. Baird’s price target indicates a potential upside of 21.17% from the company’s previous close.
DST has been the subject of several other research reports. Zacks Investment Research lowered shares of DST Systems from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. BidaskClub lowered shares of DST Systems from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. Finally, DA Davidson began coverage on shares of DST Systems in a research note on Wednesday, June 21st. They set a “buy” rating and a $72.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $70.00.
DST Systems (NYSE:DST) traded up 0.68% on Thursday, hitting $56.50. 101,708 shares of the stock traded hands. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 5.70 and a beta of 1.31. The stock has a 50-day moving average price of $53.13 and a 200 day moving average price of $57.82. DST Systems has a 1-year low of $47.26 and a 1-year high of $122.11.
DST Systems (NYSE:DST) last released its quarterly earnings data on Thursday, July 27th. The technology company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.02). The company had revenue of $656.20 million during the quarter, compared to the consensus estimate of $541.90 million. DST Systems had a net margin of 35.46% and a return on equity of 16.79%. The business’s revenue was up 68.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.42 EPS. On average, analysts anticipate that DST Systems will post $3.05 EPS for the current fiscal year.
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In other DST Systems news, CFO Gregg Wm Givens sold 20,000 shares of the business’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $61.36, for a total transaction of $1,227,200.00. Following the completion of the sale, the chief financial officer now owns 55,871 shares in the company, valued at approximately $3,428,244.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired a total of 1,112 shares of company stock valued at $59,822 in the last 90 days. 1.82% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the business. First Bank & Trust increased its stake in DST Systems by 99.8% during the 2nd quarter. First Bank & Trust now owns 1,718 shares of the technology company’s stock valued at $106,000 after purchasing an additional 858 shares in the last quarter. CENTRAL TRUST Co increased its stake in DST Systems by 3,458.3% during the 2nd quarter. CENTRAL TRUST Co now owns 2,135 shares of the technology company’s stock valued at $132,000 after purchasing an additional 2,075 shares in the last quarter. CWM LLC bought a new stake in DST Systems during the 2nd quarter valued at $133,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in DST Systems by 119.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the technology company’s stock valued at $144,000 after purchasing an additional 1,266 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in DST Systems by 102.6% during the 2nd quarter. Bank of Montreal Can now owns 2,926 shares of the technology company’s stock valued at $180,000 after purchasing an additional 1,482 shares in the last quarter. Institutional investors and hedge funds own 84.99% 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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