DST Systems, Inc. (NYSE:DST) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research report issued on Tuesday, October 24th. The brokerage presently has a $67.00 price objective on the technology company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 11.33% from the stock’s current price.
According to Zacks, “Worldwide provider of information processing software and systems, DST Systems has outperformed the industry over the past one month. Also, the estimates have moved north off late. 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.”
A number of other analysts have also issued reports on DST. BidaskClub lowered DST Systems from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Robert W. Baird restated a “buy” rating and set a $68.00 target price on shares of DST Systems in a report on Thursday, October 12th. Finally, Morgan Stanley upped their target price on DST Systems from $57.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. DST Systems has an average rating of “Hold” and an average price target of $68.00.
DST Systems (NYSE DST) opened at $60.18 on Tuesday. DST Systems has a 12-month low of $48.51 and a 12-month high of $62.94. The stock has a market capitalization of $3,624.04, a P/E ratio of 19.57, a price-to-earnings-growth ratio of 1.95 and a beta of 1.35. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.06 and a current ratio of 1.09.
DST Systems (NYSE:DST) last announced its earnings results on Friday, October 20th. The technology company reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.03. The business 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 company’s revenue for the quarter was up 45.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.77 earnings per share. equities research analysts forecast that DST Systems will post 3.08 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Bank & Trust grew its position in DST Systems by 99.8% during the 2nd quarter. First Bank & Trust now owns 1,718 shares of the technology company’s stock worth $106,000 after purchasing an additional 858 shares during the period. CENTRAL TRUST Co raised its holdings in DST Systems by 3,458.3% in the 2nd quarter. CENTRAL TRUST Co now owns 2,135 shares of the technology company’s stock valued at $132,000 after acquiring an additional 2,075 shares during the last quarter. CWM LLC acquired a new stake in shares of DST Systems during the 2nd quarter worth approximately $133,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of DST Systems by 119.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the technology company’s stock worth $144,000 after buying an additional 1,266 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of DST Systems by 102.6% during the 2nd quarter. Bank of Montreal Can now owns 2,926 shares of the technology company’s stock worth $180,000 after buying an additional 1,482 shares during the last quarter. 84.94% of the stock is currently owned by hedge funds and other 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.
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