Robert W. Baird Reiterates “Buy” Rating for DST Systems, Inc. (DST)
DST Systems, Inc. (NYSE:DST)‘s stock had its “buy” rating reaffirmed by Robert W. Baird in a report issued on Thursday. They presently have a $68.00 target price on the technology company’s stock. Robert W. Baird’s target price would indicate a potential upside of 21.17% from the stock’s previous close.
DST has been the topic of a number of other research reports. Zacks Investment Research lowered shares of DST Systems from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. BidaskClub lowered shares of DST Systems from a “sell” rating to a “strong sell” rating in a report on Friday, August 4th. Finally, 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 on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $70.00.
DST Systems (DST) traded up 0.62% on Thursday, reaching $56.47. 105,943 shares of the company’s stock were exchanged. The stock has a market capitalization of $3.42 billion, a PE ratio of 5.69 and a beta of 1.31. The firm has a 50 day moving average of $53.13 and a 200 day moving average of $57.82. DST Systems has a 12 month low of $47.26 and a 12 month high of $122.11.
DST Systems (NYSE:DST) last announced its earnings results on Thursday, July 27th. The technology company reported $0.76 earnings per share (EPS) for the quarter, missing the Zacks’ 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 company 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 posted $1.42 EPS. The company’s revenue was up 68.0% compared to the same quarter last year. Equities analysts predict that DST Systems will post $3.05 earnings per share 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 value of $1,227,200.00. Following the sale, the chief financial officer now owns 55,871 shares of the company’s stock, valued at approximately $3,428,244.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders acquired a total of 1,112 shares of company stock worth $59,822 in the last three months. Insiders own 1.82% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. boosted its stake in shares of DST Systems by 9.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,004 shares of the technology company’s stock valued at $489,000 after purchasing an additional 342 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of DST Systems by 0.9% in the 1st quarter. Principal Financial Group Inc. now owns 130,956 shares of the technology company’s stock valued at $16,042,000 after purchasing an additional 1,130 shares in the last quarter. Advantus Capital Management Inc boosted its stake in shares of DST Systems by 2.5% in the 1st quarter. Advantus Capital Management Inc now owns 4,070 shares of the technology company’s stock valued at $499,000 after purchasing an additional 100 shares in the last quarter. Royce & Associates LP boosted its stake in shares of DST Systems by 10.6% in the 1st quarter. Royce & Associates LP now owns 56,106 shares of the technology company’s stock valued at $6,873,000 after purchasing an additional 5,380 shares in the last quarter. Finally, Laurion Capital Management LP acquired a new stake in shares of DST Systems in the 1st quarter valued at $306,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.
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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