DST Systems, Inc. (NYSE:DST) announced its quarterly earnings results on Thursday. The technology company reported $0.76 EPS for the quarter, missing the Zacks’ consensus estimate of $0.78 by $0.02, Bloomberg Earnings reports. DST Systems had a net margin of 40.00% and a return on equity of 17.85%. The business had revenue of $656.20 million during the quarter, compared to the consensus estimate of $541.90 million. During the same period in the previous year, the business posted $1.42 EPS. The firm’s revenue was up 68.0% on a year-over-year basis.

Shares of DST Systems (DST) traded down 9.46% on Thursday, hitting $54.54. 1,399,419 shares of the company were exchanged. The stock has a market capitalization of $3.37 billion, a PE ratio of 5.80 and a beta of 1.32. The firm’s 50-day moving average is $61.08 and its 200-day moving average is $59.84. DST Systems has a 52-week low of $47.26 and a 52-week high of $122.11.

DST Systems declared that its Board of Directors has approved a share buyback plan on Tuesday, May 9th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the technology company to buy up to 7.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

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A number of research analysts recently commented on the stock. Zacks Investment Research downgraded shares of DST Systems from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. DA Davidson assumed coverage on shares of DST Systems in a report on Wednesday, June 21st. They issued a “buy” rating and a $72.00 price target for the company. ValuEngine raised shares of DST Systems from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. Finally, BidaskClub downgraded shares of DST Systems from a “hold” rating to a “sell” rating in a report on Thursday.

In related news, CFO Gregg Wm Givens sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $122.12, for a total transaction of $1,221,200.00. Following the completion of the sale, the chief financial officer now owns 47,915 shares of the company’s stock, valued at approximately $5,851,379.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Jonathan J. Boehm sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $125.00, for a total transaction of $625,000.00. Following the sale, the vice president now directly owns 47,692 shares of the company’s stock, valued at approximately $5,961,500. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 647 shares of company stock valued at $59,758 and have sold 55,000 shares valued at $4,279,400. 1.82% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. CENTRAL TRUST Co boosted its stake in shares of DST Systems by 3,458.3% in the second quarter. CENTRAL TRUST Co now owns 2,135 shares of the technology company’s stock valued at $132,000 after buying an additional 2,075 shares in the last quarter. CWM LLC acquired a new stake in shares of DST Systems during the second quarter valued at about $133,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of DST Systems by 0.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,424 shares of the technology company’s stock valued at $174,000 after buying an additional 8 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of DST Systems by 102.6% in the second quarter. Bank of Montreal Can now owns 2,926 shares of the technology company’s stock valued at $180,000 after buying an additional 1,482 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of DST Systems during the first quarter valued at about $209,000. 44.30% of the stock is owned by institutional investors.

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.

Earnings History for DST Systems (NYSE:DST)

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