Shares of DST Systems Inc. (NYSE:DST) have been given an average broker rating score of 1.50 (Buy) from the four analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and three have given a strong buy recommendation to the company.
Brokers have set a 12 month consensus target price of $137.25 for the company and are anticipating that the company will post $1.48 EPS for the current quarter, according to Zacks. Zacks has also given DST Systems an industry rank of 149 out of 265 based on the ratings given to related companies.
A number of equities research analysts recently commented on DST shares. Zacks Investment Research lowered DST Systems from a “hold” rating to a “sell” rating in a research report on Friday, June 24th. Robert W. Baird restated an “outperform” rating and set a $132.00 price target on shares of DST Systems in a research report on Monday, June 27th. Finally, Morgan Stanley restated a “hold” rating on shares of DST Systems in a research report on Wednesday, June 15th.
In other DST Systems news, insider Vercie L. Lark sold 15,210 shares of the company’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $120.34, for a total transaction of $1,830,371.40. Following the transaction, the insider now owns 29,600 shares of the company’s stock, valued at approximately $3,562,064. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Gregg Wm Givens sold 534 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $121.41, for a total value of $64,832.94. Following the transaction, the chief financial officer now directly owns 73,385 shares in the company, valued at approximately $8,909,672.85. The disclosure for this sale can be found here. Company insiders own 1.83% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Fisher Asset Management LLC purchased a new position in DST Systems during the second quarter valued at about $16,891,000. Prudential Financial Inc. increased its position in DST Systems by 14.8% in the first quarter. Prudential Financial Inc. now owns 485,417 shares of the company’s stock valued at $54,740,000 after buying an additional 62,699 shares in the last quarter. Scopia Capital Management LP increased its position in DST Systems by 17.5% in the first quarter. Scopia Capital Management LP now owns 1,496,655 shares of the company’s stock valued at $168,778,000 after buying an additional 223,065 shares in the last quarter. Renaissance Technologies LLC purchased a new position in DST Systems during the first quarter valued at about $26,343,000. Finally, Cutler Group LP increased its position in DST Systems by 703.2% in the first quarter. Cutler Group LP now owns 1,253 shares of the company’s stock valued at $141,000 after buying an additional 1,097 shares in the last quarter. 86.46% of the stock is currently owned by hedge funds and other institutional investors.
DST Systems (NYSE:DST) opened at 117.92 on Tuesday. DST Systems has a one year low of $97.32 and a one year high of $128.66. The company has a 50 day moving average price of $120.36 and a 200-day moving average price of $118.29. The firm has a market capitalization of $3.85 billion, a PE ratio of 16.14 and a beta of 1.24.
DST Systems (NYSE:DST) last released its quarterly earnings data on Thursday, July 21st. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.08. DST Systems had a return on equity of 21.20% and a net margin of 9.90%. The company had revenue of $526.20 million for the quarter, compared to analyst estimates of $545.57 million. During the same period in the prior year, the company posted $1.39 EPS. The company’s revenue was up 7.0% compared to the same quarter last year. On average, equities analysts predict that DST Systems will post $5.67 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Friday, August 26th were given a dividend of $0.33 per share. The ex-dividend date was Wednesday, August 24th. This represents a $1.32 dividend on an annualized basis and a yield of 1.12%. DST Systems’s dividend payout ratio (DPR) is presently 18.08%.
About DST Systems
DST Systems, Inc (DST) is a provider of technology-based information processing and servicing solutions. The Company offers its solutions through unified data management, business processing and customer communications solutions to clients within the asset management, brokerage, retirement and healthcare markets.
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