DST Systems, Inc. (DST) Given Buy Rating at Robert W. Baird

Robert W. Baird reissued their buy rating on shares of DST Systems, Inc. (NYSE:DST) in a research note issued to investors on Thursday morning. Robert W. Baird currently has a $68.00 target price on the technology company’s stock.

A number of other analysts have also issued reports on DST. DA Davidson initiated coverage on shares of DST Systems in a research note on Wednesday, June 21st. They issued a buy rating and a $72.00 price target for the company. BidaskClub lowered shares of DST Systems from a hold rating to a sell rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research lowered shares of DST Systems from a buy rating to a hold rating in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $70.00.

DST Systems (NYSE DST) traded down 0.59% on Thursday, hitting $55.95. 340,585 shares of the company were exchanged. DST Systems has a 52-week low of $47.26 and a 52-week high of $62.94. The firm has a 50 day moving average of $53.27 and a 200-day moving average of $57.81. The stock has a market cap of $3.39 billion, a PE ratio of 5.64 and a beta of 1.31.

DST Systems (NYSE:DST) last issued its quarterly earnings results on Thursday, July 27th. The technology company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). The company had revenue of $656.20 million during the quarter, compared to the consensus estimate of $541.90 million. DST Systems had a return on equity of 16.79% and a net margin of 35.46%. The firm’s quarterly revenue was up 68.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.42 EPS. On average, equities analysts expect that DST Systems will post $3.05 earnings per share for the current fiscal year.

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Hedge funds have recently added to or reduced their stakes in the business. First Bank & Trust increased its stake in DST Systems by 99.8% during the second quarter. First Bank & Trust now owns 1,718 shares of the technology company’s stock valued at $106,000 after purchasing an additional 858 shares during the last quarter. CENTRAL TRUST Co increased its stake in DST Systems by 3,458.3% during the second quarter. CENTRAL TRUST Co now owns 2,135 shares of the technology company’s stock valued at $132,000 after purchasing an additional 2,075 shares during the last quarter. CWM LLC bought a new stake in DST Systems during the second quarter valued at $133,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in DST Systems by 119.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the technology company’s stock valued at $144,000 after purchasing an additional 1,266 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in DST Systems by 102.6% during the second quarter. Bank of Montreal Can now owns 2,926 shares of the technology company’s stock valued at $180,000 after purchasing an additional 1,482 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

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.

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