DST Systems, Inc. (DST) Declares Quarterly Dividend of $0.30
DST Systems (NYSE:DST) declared a quarterly dividend on Wednesday, July 30th, AnalystRatingsNetwork reports. Shareholders of record on Friday, August 29th will be given a dividend of 0.30 per share on Friday, September 12th. This represents a $1.20 dividend on an annualized basis and a yield of 1.30%.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of DST Systems in a research note on Monday. They now have a $98.00 price target on the stock. On a related note, analysts at Credit Suisse reiterated an “outperform” rating on shares of DST Systems in a research note on Friday, July 25th. They now have a $106.00 price target on the stock, up previously from $102.00. Finally, analysts at Bank of America initiated coverage on shares of DST Systems in a research note on Monday, June 9th. They set a “buy” rating and a $102.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $105.60.
Shares of DST Systems (NYSE:DST) traded down 0.02% on Wednesday, hitting $92.37. 157,867 shares of the company’s stock traded hands. DST Systems has a 52-week low of $68.98 and a 52-week high of $99.89. The stock’s 50-day moving average is $92.19 and its 200-day moving average is $92.6. The company has a market cap of $3.667 billion and a price-to-earnings ratio of 9.36.
DST Systems (NYSE:DST) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.19 by $0.01. The company had revenue of $509.60 million for the quarter, compared to the consensus estimate of $600.70 million. During the same quarter in the prior year, the company posted $1.04 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts predict that DST Systems will post $5.13 earnings per share for the current fiscal year.
DST Systems, Inc (NYSE:DST) is global providers of technology-based service solutions.
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