Shares of DST Systems, Inc. (NYSE:DST) have been given an average recommendation of “Hold” by the six ratings firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $68.33.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of DST Systems from a “hold” rating to a “sell” rating in a report on Tuesday. Morgan Stanley raised their price objective on shares of DST Systems from $57.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. Finally, Robert W. Baird raised their price objective on shares of DST Systems from $68.00 to $72.00 and gave the stock an “outperform” rating in a report on Sunday, October 22nd.
A number of large investors have recently modified their holdings of DST. Beach Investment Management LLC. purchased a new position in DST Systems during the second quarter valued at approximately $1,190,000. Schwab Charles Investment Management Inc. lifted its holdings in DST Systems by 107.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 393,417 shares of the technology company’s stock valued at $24,274,000 after purchasing an additional 203,417 shares in the last quarter. State of Wisconsin Investment Board lifted its holdings in DST Systems by 85.8% during the second quarter. State of Wisconsin Investment Board now owns 12,204 shares of the technology company’s stock valued at $753,000 after purchasing an additional 5,637 shares in the last quarter. Federated Investors Inc. PA lifted its holdings in DST Systems by 82.3% during the second quarter. Federated Investors Inc. PA now owns 31,465 shares of the technology company’s stock valued at $1,941,000 after purchasing an additional 14,204 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in DST Systems by 100.0% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,416 shares of the technology company’s stock valued at $211,000 after purchasing an additional 1,708 shares in the last quarter. 85.71% of the stock is currently owned by institutional investors and hedge funds.
DST Systems (NYSE:DST) last posted 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 company 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 firm’s revenue was up 45.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.77 earnings per share. analysts expect that DST Systems will post 3.08 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Wednesday, November 22nd were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Tuesday, November 21st. DST Systems’s payout ratio is 10.88%.
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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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