DST Systems, Inc. (DST) Receives Average Recommendation of “Hold” from Analysts
Shares of DST Systems, Inc. (NYSE:DST) have been given an average rating of “Hold” by the six ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $68.33.
A number of equities research analysts have issued reports on the stock. Robert W. Baird reiterated a “buy” rating and set a $68.00 price objective on shares of DST Systems in a research note on Thursday, October 12th. Zacks Investment Research downgraded shares of DST Systems from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. Finally, Morgan Stanley increased their price objective on shares of DST Systems from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd.
A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. boosted its stake in shares of DST Systems by 102.5% in the 2nd quarter. BlackRock Inc. now owns 5,347,693 shares of the technology company’s stock valued at $329,952,000 after purchasing an additional 2,707,284 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of DST Systems by 97.3% in the 2nd quarter. Vanguard Group Inc. now owns 5,287,278 shares of the technology company’s stock valued at $326,225,000 after purchasing an additional 2,608,072 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of DST Systems by 100.8% in the 2nd quarter. Wells Fargo & Company MN now owns 3,489,936 shares of the technology company’s stock valued at $215,328,000 after purchasing an additional 1,751,490 shares in the last quarter. State Street Corp boosted its stake in shares of DST Systems by 93.6% in the 2nd quarter. State Street Corp now owns 1,765,321 shares of the technology company’s stock valued at $108,912,000 after purchasing an additional 853,405 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of DST Systems by 89.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,791,789 shares of the technology company’s stock valued at $110,553,000 after purchasing an additional 845,267 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.
DST Systems (NYSE:DST) last announced its quarterly earnings data on Friday, October 20th. The technology company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.03. The firm had revenue of $562.60 million for the quarter, compared to the consensus estimate of $523.57 million. DST Systems had a net margin of 21.26% and a return on equity of 16.20%. The business’s revenue for the quarter was up 45.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.77 earnings per share. analysts anticipate that DST Systems will post 3.08 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $0.72 dividend on an annualized basis and a yield of 1.18%. DST Systems’s payout ratio is 10.63%.
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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.
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