DST Systems Inc. (DST) Set to Announce Earnings on Thursday
DST Systems Inc. (NYSE:DST) is set to announce its Q316 earnings results on Thursday, October 20th. Analysts expect the company to announce earnings of $1.47 per share and revenue of $392.96 million for the quarter.
DST Systems Inc. (NYSE:DST) opened at 112.98 on Wednesday. The company’s 50-day moving average is $118.55 and its 200 day moving average is $118.85. The company has a market capitalization of $3.69 billion, a P/E ratio of 15.47 and a beta of 1.27. DST Systems Inc. has a one year low of $97.32 and a one year high of $128.66.
Several research firms have issued reports on DST. Robert W. Baird reaffirmed an “outperform” rating and set a $132.00 price objective on shares of DST Systems in a report on Monday, June 27th. Zacks Investment Research downgraded shares of DST Systems from a “buy” rating to a “hold” rating in a report on Tuesday, September 20th.
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In other news, insider Vercie L. Lark sold 15,210 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $120.34, for a total transaction of $1,830,371.40. Following the completion of the sale, the insider now owns 29,600 shares in the company, valued at approximately $3,562,064. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Gregg Wm Givens sold 534 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $121.41, for a total transaction of $64,832.94. Following the sale, the chief financial officer now owns 73,385 shares of the company’s stock, valued at approximately $8,909,672.85. The disclosure for this sale can be found here. Insiders own 1.83% of the company’s stock.
Several hedge funds have recently modified their holdings of DST. Advisor Group Inc. bought a new stake in shares of DST Systems during the second quarter valued at $653,000. Raymond James & Associates increased its stake in shares of DST Systems by 7.5% in the second quarter. Raymond James & Associates now owns 15,272 shares of the company’s stock valued at $1,778,000 after buying an additional 1,059 shares in the last quarter. Axiom International Investors LLC DE bought a new stake in shares of DST Systems during the second quarter valued at $6,106,000. United Services Automobile Association increased its stake in shares of DST Systems by 2.8% in the second quarter. United Services Automobile Association now owns 4,840 shares of the company’s stock valued at $564,000 after buying an additional 130 shares in the last quarter. Finally, WFG Advisors LP increased its stake in shares of DST Systems by 13.3% in the second quarter. WFG Advisors LP now owns 1,701 shares of the company’s stock valued at $198,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 87.04% 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 unified data management, business processing and customer communications solutions to clients within the asset management, brokerage, retirement and healthcare markets.
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