DST Systems (NYSE:DST) was downgraded by investment analysts at DA Davidson from a “buy” rating to a “neutral” rating in a note issued to investors on Friday. They presently have a $72.00 price target on the technology company’s stock. DA Davidson’s target price indicates a potential downside of 13.78% from the stock’s current price.
A number of other equities analysts have also recently weighed in on DST. Robert W. Baird reissued a “buy” rating and set a $68.00 price target on shares of DST Systems in a research report on Thursday, October 12th. Zacks Investment Research cut shares of DST Systems from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. Finally, Morgan Stanley lifted their price target on shares of DST Systems from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday, October 23rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. DST Systems currently has a consensus rating of “Hold” and an average price target of $68.50.
Shares of DST Systems (NYSE DST) traded down $0.41 during midday trading on Friday, hitting $83.51. 3,083,437 shares of the stock were exchanged, compared to its average volume of 832,592. The company has a market capitalization of $5,030.00, a PE ratio of 12.61, a price-to-earnings-growth ratio of 2.34 and a beta of 1.37. DST Systems has a 52 week low of $50.22 and a 52 week high of $84.48. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.42.
DST Systems (NYSE:DST) last announced its quarterly earnings results on Friday, October 20th. The technology company reported $0.76 earnings per share 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 analysts’ expectations of $523.57 million. DST Systems had a net margin of 21.26% and a return on equity of 16.20%. The business’s quarterly revenue was up 45.5% compared to the same quarter last year. During the same period last year, the firm posted $0.77 earnings per share. analysts forecast that DST Systems will post 3.07 EPS for the current fiscal year.
In related news, VP Jonathan J. Boehm sold 20,000 shares of the business’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $64.50, for a total value of $1,290,000.00. Following the sale, the vice president now directly owns 75,518 shares of the company’s stock, valued at approximately $4,870,911. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders purchased a total of 976 shares of company stock worth $59,812 over the last ninety days. 1.82% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of DST. BlackRock Inc. lifted its position in 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 acquiring an additional 2,707,284 shares in the last quarter. Vanguard Group Inc. lifted its position in 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 acquiring an additional 2,608,072 shares in the last quarter. State Street Corp lifted its position in 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 acquiring an additional 853,405 shares in the last quarter. FMR LLC lifted its position in DST Systems by 81.9% in the 2nd quarter. FMR LLC now owns 1,529,200 shares of the technology company’s stock valued at $94,352,000 after acquiring an additional 688,675 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in DST Systems by 91.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,326,817 shares of the technology company’s stock valued at $81,864,000 after acquiring an additional 633,726 shares in the last quarter. 85.71% of the stock is currently owned by institutional investors and hedge funds.
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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.