DST Systems, Inc. (NYSE:DST) Lowered to Sell at BidaskClub
BidaskClub cut shares of DST Systems, Inc. (NYSE:DST) from a hold rating to a sell rating in a research report sent to investors on Thursday.
Other equities analysts have also recently issued research reports about the company. Zacks Investment Research raised DST Systems from a hold rating to a buy rating and set a $66.00 price target on the stock in a research note on Monday, June 19th. DA Davidson assumed coverage on DST Systems in a research note on Wednesday, June 21st. They issued a buy rating and a $72.00 price target on the stock. Finally, ValuEngine raised DST Systems from a hold rating to a buy rating in a research note on Saturday, June 10th.
DST Systems (DST) opened at 53.82 on Thursday. DST Systems has a 12-month low of $47.26 and a 12-month high of $122.11. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 5.43 and a beta of 1.32. The firm has a 50-day moving average of $60.69 and a 200-day moving average of $59.79.
DST Systems (NYSE:DST) last issued its quarterly earnings results on Thursday, July 27th. The technology company reported $0.76 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.78 by $0.02. The company had revenue of $656.20 million during the quarter, compared to analysts’ expectations of $541.90 million. DST Systems had a return on equity of 16.79% and a net margin of 35.46%. The company’s revenue for the quarter was up 68.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.42 EPS. Equities research analysts forecast that DST Systems will post $3.23 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This report was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another site, it was stolen and republished in violation of US & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.watchlistnews.com/dst-systems-inc-nysedst-lowered-to-sell-at-bidaskclub/1463727.html.
DST Systems declared that its Board of Directors has authorized a share buyback program on Tuesday, May 9th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 7.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.
In other DST Systems news, VP Jonathan J. Boehm sold 5,000 shares of DST Systems stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $125.00, for a total transaction of $625,000.00. Following the transaction, the vice president now owns 47,692 shares of the company’s stock, valued at approximately $5,961,500. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Gregg Wm Givens sold 20,000 shares of DST Systems stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $60.30, for a total value of $1,206,000.00. Following the transaction, the chief financial officer now directly owns 75,871 shares in the company, valued at approximately $4,575,021.30. The disclosure for this sale can be found here. Insiders sold a total of 55,000 shares of company stock worth $4,279,400 in the last three months. 1.82% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. CENTRAL TRUST Co boosted its position in DST Systems by 3,458.3% in the second quarter. CENTRAL TRUST Co now owns 2,135 shares of the technology company’s stock valued at $132,000 after buying an additional 2,075 shares during the period. CWM LLC acquired a new position in DST Systems during the second quarter valued at $133,000. Benjamin F. Edwards & Company Inc. boosted its position in DST Systems by 0.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,424 shares of the technology company’s stock valued at $174,000 after buying an additional 8 shares during the period. Bank of Montreal Can boosted its position in DST Systems by 102.6% in the second quarter. Bank of Montreal Can now owns 2,926 shares of the technology company’s stock valued at $180,000 after buying an additional 1,482 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new position in DST Systems during the first quarter valued at $209,000. 45.29% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for DST Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DST Systems Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.