DST Systems (DST) Posts Quarterly Earnings Results, Beats Estimates By $0.27 EPS

DST Systems (NYSE:DST) issued its earnings results on Monday. The technology company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.84 by $0.27, Bloomberg Earnings reports. The company had revenue of $552.70 million during the quarter, compared to analysts’ expectations of $538.38 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 47.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.83 EPS.

DST Systems (NYSE:DST) opened at $83.88 on Monday. The stock has a market cap of $4,965.71, a P/E ratio of 27.25, a P/E/G ratio of 2.34 and a beta of 1.36. DST Systems has a 12-month low of $50.22 and a 12-month 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 has been the subject of several analyst reports. Evercore ISI restated an “in-line” rating on shares of DST Systems in a research report on Friday, January 12th. Zacks Investment Research cut shares of DST Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Robert W. Baird restated a “buy” rating and issued a $68.00 target price on shares of DST Systems in a research report on Thursday, October 12th. DA Davidson cut shares of DST Systems from a “buy” rating to a “neutral” rating and set a $72.00 target price for the company. in a research report on Friday, January 12th. Finally, Morgan Stanley boosted their target price on shares of DST Systems from $57.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday, October 23rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. DST Systems currently has an average rating of “Hold” and a consensus price target of $68.50.

In related news, VP Jonathan J. Boehm sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $64.50, for a total transaction of $1,290,000.00. Following the completion of the transaction, the vice president now directly owns 75,518 shares in the company, valued at approximately $4,870,911. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have purchased 976 shares of company stock valued at $59,812. 1.82% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in DST. WFG Advisors LP increased its position in DST Systems by 128.6% during the 2nd quarter. WFG Advisors LP now owns 3,205 shares of the technology company’s stock worth $198,000 after purchasing an additional 1,803 shares in the last quarter. Intl Fcstone Inc. acquired a new position in DST Systems during the 2nd quarter worth approximately $221,000. State of Alaska Department of Revenue acquired a new position in DST Systems during the 4th quarter worth approximately $235,000. SNS Financial Group LLC acquired a new position in DST Systems during the 3rd quarter worth approximately $262,000. Finally, Prudential PLC increased its position in DST Systems by 100.0% during the 2nd quarter. Prudential PLC now owns 4,400 shares of the technology company’s stock worth $271,000 after purchasing an additional 2,200 shares in the last quarter. Institutional investors and hedge funds own 87.01% of the company’s stock.

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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.

Earnings History for DST Systems (NYSE:DST)

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