Evercore ISI Reiterates In-Line Rating for DST Systems (DST)

DST Systems (NYSE:DST)‘s stock had its “in-line” rating restated by equities researchers at Evercore ISI in a report issued on Friday.

Other analysts have also issued reports about the company. Robert W. Baird reiterated a “buy” rating and set a $68.00 price objective on shares of DST Systems in a research note on Thursday, October 12th. Zacks Investment Research upgraded DST Systems from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a research note on Wednesday, December 20th. Morgan Stanley boosted their price objective on DST Systems from $57.00 to $61.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Finally, DA Davidson lowered DST Systems from a “buy” rating to a “neutral” rating and set a $72.00 price objective on the stock. in a research note on Friday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. DST Systems presently has an average rating of “Hold” and an average price target of $68.50.

Shares of DST Systems (NYSE:DST) opened at $83.51 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.09 and a current ratio of 1.09. DST Systems has a one year low of $50.22 and a one year high of $84.48. The stock has a market capitalization of $5,028.97, a price-to-earnings ratio of 12.33, a P/E/G ratio of 2.33 and a beta of 1.36.

DST Systems (NYSE:DST) last released its quarterly earnings data on Friday, October 20th. The technology company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.03. DST Systems had a return on equity of 16.20% and a net margin of 21.26%. The company had revenue of $562.60 million for the quarter, compared to analyst estimates of $523.57 million. During the same period in the previous year, the company posted $0.77 EPS. The firm’s revenue for the quarter was up 45.5% compared to the same quarter last year. 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 company’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $64.50, for a total value of $1,290,000.00. Following the transaction, the vice president now directly owns 75,518 shares in the company, valued at approximately $4,870,911. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have purchased 976 shares of company stock worth $59,812. 1.82% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sit Investment Associates Inc. increased its stake in DST Systems by 25.6% in the 4th quarter. Sit Investment Associates Inc. now owns 71,175 shares of the technology company’s stock worth $4,418,000 after acquiring an additional 14,500 shares during the last quarter. Prudential Financial Inc. increased its stake in DST Systems by 8.9% in the 3rd quarter. Prudential Financial Inc. now owns 1,037,864 shares of the technology company’s stock worth $56,958,000 after acquiring an additional 84,398 shares during the last quarter. AXA increased its stake in DST Systems by 9.5% in the 3rd quarter. AXA now owns 228,700 shares of the technology company’s stock worth $12,551,000 after acquiring an additional 19,900 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in DST Systems by 105.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 63,484 shares of the technology company’s stock worth $3,484,000 after acquiring an additional 32,617 shares during the last quarter. Finally, GSA Capital Partners LLP increased its stake in DST Systems by 15.5% in the 3rd quarter. GSA Capital Partners LLP now owns 78,571 shares of the technology company’s stock worth $4,312,000 after acquiring an additional 10,524 shares during the last quarter. Institutional investors and hedge funds own 85.71% of the company’s stock.

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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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