DST Systems (DST) Downgraded to “Neutral” at DA Davidson

DA Davidson cut shares of DST Systems (NYSE:DST) from a buy rating to a neutral rating in a research note published on Friday, MarketBeat reports. The brokerage currently has $72.00 price objective on the technology company’s stock.

A number of other analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of DST Systems from a hold rating to a sell rating in a report on Tuesday, January 2nd. Morgan Stanley increased their price target on shares of DST Systems from $57.00 to $61.00 and gave the company an equal weight rating in a report on Monday, October 23rd. Finally, Robert W. Baird increased their price target on shares of DST Systems from $68.00 to $72.00 and gave the company an outperform rating in a report on Sunday, October 22nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. DST Systems has a consensus rating of Hold and an average target price 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. The stock has a market cap of $5,030.00, a price-to-earnings ratio of 12.61, a P/E/G ratio of 2.33 and a beta of 1.37. DST Systems has a 1-year low of $50.22 and a 1-year high of $84.48.

DST Systems (NYSE:DST) last posted its quarterly earnings data on Friday, October 20th. The technology company reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.03. DST Systems had a net margin of 21.26% and a return on equity of 16.20%. The business had revenue of $562.60 million during the quarter, compared to the consensus estimate of $523.57 million. During the same period in the prior year, the firm earned $0.77 EPS. DST Systems’s quarterly revenue was up 45.5% compared to the same quarter last year. 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 stock in a transaction on Monday, January 8th. The shares were sold at an average price of $64.50, for a total value of $1,290,000.00. Following the completion of the sale, the vice president now directly owns 75,518 shares of the company’s stock, valued at approximately $4,870,911. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last three months, insiders acquired 976 shares of company stock valued at $59,812. Insiders own 1.82% of the company’s stock.

A number of institutional investors have recently modified their holdings of DST. Schwab Charles Investment Management Inc. raised its stake in shares of DST Systems by 107.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 393,417 shares of the technology company’s stock valued at $24,274,000 after buying an additional 203,417 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of DST Systems by 119.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the technology company’s stock valued at $144,000 after buying an additional 1,266 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of DST Systems by 103.5% in the 2nd quarter. Principal Financial Group Inc. now owns 266,543 shares of the technology company’s stock valued at $16,446,000 after buying an additional 135,587 shares in the last quarter. Swiss National Bank raised its stake in shares of DST Systems by 108.2% in the 2nd quarter. Swiss National Bank now owns 106,600 shares of the technology company’s stock valued at $6,577,000 after buying an additional 55,400 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of DST Systems by 176.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 656,660 shares of the technology company’s stock valued at $40,515,000 after buying an additional 419,172 shares in the last quarter. 85.71% of the stock is owned by hedge funds and other institutional investors.

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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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