DST Systems, Inc. (DST) Downgraded by BidaskClub to “Strong Sell”
DST Systems, Inc. (NYSE:DST) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Friday.
Several other equities research analysts have also recently commented on DST. Zacks Investment Research cut shares of DST Systems from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. ValuEngine raised shares of DST Systems from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. 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 objective on the stock.
DST Systems (NYSE:DST) traded down 0.95% during trading on Friday, reaching $53.22. 1,406,155 shares of the company’s stock traded hands. DST Systems has a 12 month low of $47.26 and a 12 month high of $122.11. The firm has a market cap of $3.28 billion, a PE ratio of 5.36 and a beta of 1.29. The firm has a 50 day moving average price of $60.36 and a 200-day moving average price of $59.85.
DST Systems (NYSE:DST) last issued its quarterly earnings results on Thursday, July 27th. The technology company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.78 by $0.02. DST Systems had a return on equity of 16.79% and a net margin of 35.46%. The business had revenue of $656.20 million for the quarter, compared to the consensus estimate of $541.90 million. During the same period last year, the firm earned $1.42 earnings per share. The company’s quarterly revenue was up 68.0% compared to the same quarter last year. On average, analysts forecast that DST Systems will post $3.05 earnings per share for the current fiscal year.
DST Systems declared that its board has authorized a stock repurchase program on Tuesday, May 9th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the technology company to purchase up to 7.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
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In other news, CFO Gregg Wm Givens sold 10,000 shares of the business’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 transaction, the chief financial officer now directly owns 47,915 shares in the company, valued at approximately $5,851,379.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jonathan J. Boehm sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $125.00, for a total transaction of $625,000.00. Following the transaction, the vice president now owns 47,692 shares in the company, valued at $5,961,500. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 847 shares of company stock worth $59,770 and have sold 55,000 shares worth $4,279,400. 1.82% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund raised its position in DST Systems by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 11,605 shares of the technology company’s stock valued at $1,422,000 after buying an additional 200 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of DST Systems by 6.7% in the first quarter. Janney Montgomery Scott LLC now owns 4,978 shares of the technology company’s stock worth $610,000 after buying an additional 311 shares during the period. First Quadrant L P CA bought a new position in shares of DST Systems during the first quarter worth approximately $2,507,000. Sit Investment Associates Inc. raised its position in shares of DST Systems by 6.6% in the first quarter. Sit Investment Associates Inc. now owns 28,925 shares of the technology company’s stock worth $3,543,000 after buying an additional 1,800 shares during the period. Finally, Acadian Asset Management LLC raised its position in shares of DST Systems by 33.7% in the first quarter. Acadian Asset Management LLC now owns 231,449 shares of the technology company’s stock worth $28,354,000 after buying an additional 58,367 shares during the period. Institutional investors own 45.29% of the company’s stock.
About DST Systems
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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