DST Systems (NYSE:DST) Upgraded to Buy by Zacks Investment Research - http://ezmoneyonlinefromhome.com | how to make money onlineJanuary 14, 2018 1:36 am
Categorised in: Breaking Financial News
DST Systems (NYSE:DST) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday, December 20th. The firm presently has a $69.00 target price on the technology company’s stock. Zacks Investment Research‘s price target suggests a potential downside of 17.38% from the company’s current price.
According to Zacks, “DST Systems is a worldwide provider of information processing software and systems. We believe that DST Systems’ business volume and massive scale of operation in Financial Services will attract new customers. Moreover, we expect steady contributions from acquisitions (BFDS and IFDS) to support revenue growth. Continued share buybacks and dividend payments are the other encouraging factors. The company also has a strong business model. It generates recurring revenues and a good percentage of its business comes from long-term contracts with its customers. The model ensures a minimum revenue level even when there are limited transactions. However, persistent decline in registered accounts, a high debt burden, ongoing consolidation in the U.S. financial services market and stiff competition from peers might put its fundamentals under pressure. Notably, shares of the company has underpreformed the industry over the past one year.”
Other research analysts have also issued reports about the company. Robert W. Baird reissued a “buy” rating and issued a $68.00 price target on shares of DST Systems in a research report on Thursday, October 12th. Morgan Stanley boosted their target price on DST Systems from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research note 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. The company has an average rating of “Hold” and a consensus target price of $68.50.Shares of DST Systems (NYSE DST) traded down $0.41 during midday trading on Wednesday, reaching $83.51. The company’s stock had a trading volume of 3,083,437 shares, compared to its average volume of 832,592. The company has a market cap of $5,030.00, a price-to-earnings ratio of 12.61, a PEG ratio of 2.34 and a beta of 1.37. 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 has a 1-year low of $50.22 and a 1-year high of $84.48.
DST Systems (NYSE:DST) last released its quarterly earnings results on Friday, October 20th. The technology company reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.03. The firm had revenue of $562.60 million during the quarter, compared to analyst estimates of $523.57 million. DST Systems had a return on equity of 16.20% and a net margin of 21.26%. The business’s revenue for the quarter was up 45.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 EPS. equities research analysts anticipate that DST Systems will post 3.07 earnings per share for the current year.
In other DST Systems news, VP Jonathan J. Boehm sold 20,000 shares of the business’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $64.50, for a total transaction of $1,290,000.00. Following the sale, the vice president now owns 75,518 shares in the company, valued at approximately $4,870,911. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have acquired 976 shares of company stock worth $59,812. Company insiders own 1.82% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of DST. BlackRock Inc. boosted its stake in shares of DST Systems by 102.5% in the second quarter. BlackRock Inc. now owns 5,347,693 shares of the technology company’s stock worth $329,952,000 after buying an additional 2,707,284 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of DST Systems by 97.3% in the second quarter. Vanguard Group Inc. now owns 5,287,278 shares of the technology company’s stock worth $326,225,000 after buying an additional 2,608,072 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of DST Systems by 100.8% in the second quarter. Wells Fargo & Company MN now owns 3,489,936 shares of the technology company’s stock worth $215,328,000 after buying an additional 1,751,490 shares during the last quarter. State Street Corp boosted its stake in shares of DST Systems by 93.6% in the second quarter. State Street Corp now owns 1,765,321 shares of the technology company’s stock worth $108,912,000 after buying an additional 853,405 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in DST Systems by 89.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,791,789 shares of the technology company’s stock worth $110,553,000 after purchasing an additional 845,267 shares during the period. Hedge funds and other institutional investors own 85.71% of the company’s stock.
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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.
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