DST Systems, Inc. (NYSE:DST) was the target of a significant decrease in short interest in December. As of December 29th, there was short interest totalling 304,671 shares, a decrease of 53.5% from the December 15th total of 655,736 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 281,824 shares, the short-interest ratio is presently 1.1 days.
A number of equities research analysts have recently issued reports on DST shares. Zacks Investment Research lowered DST Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Morgan Stanley upped their price target on DST Systems from $57.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday, October 23rd. DA Davidson lowered DST Systems from a “buy” rating to a “neutral” rating and set a $72.00 price target for the company. in a research report on Friday, January 12th. Robert W. Baird reiterated a “buy” rating and issued a $68.00 price objective on shares of DST Systems in a report on Thursday, October 12th. Finally, Evercore ISI reiterated an “in-line” rating on shares of DST Systems in a report on Friday, January 12th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $68.50.
In other news, VP Jonathan J. Boehm sold 20,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the vice president now directly owns 75,518 shares in the company, valued at $4,870,911. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought 976 shares of company stock valued at $59,812 over the last 90 days. Company insiders own 1.82% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DST. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in DST Systems by 119.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the technology company’s stock valued at $144,000 after acquiring an additional 1,266 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in DST Systems by 95.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,014 shares of the technology company’s stock valued at $556,000 after acquiring an additional 4,406 shares during the last quarter. Eaton Vance Management lifted its holdings in DST Systems by 100.0% in the second quarter. Eaton Vance Management now owns 10,710 shares of the technology company’s stock valued at $661,000 after acquiring an additional 5,355 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in DST Systems by 100.3% in the second quarter. Alliancebernstein L.P. now owns 43,205 shares of the technology company’s stock valued at $2,666,000 after acquiring an additional 21,630 shares during the last quarter. Finally, Teachers Advisors LLC lifted its holdings in DST Systems by 145.4% in the second quarter. Teachers Advisors LLC now owns 143,763 shares of the technology company’s stock valued at $8,870,000 after acquiring an additional 85,174 shares during the last quarter. Hedge funds and other institutional investors own 85.71% of the company’s stock.
DST Systems (NYSE:DST) opened at $83.79 on Thursday. DST Systems has a twelve month low of $50.22 and a twelve month high of $84.48. The company has a market capitalization of $5,050.00, a P/E ratio of 12.66, a P/E/G ratio of 2.33 and a beta of 1.37. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.09 and a quick ratio of 1.09.
DST Systems (NYSE:DST) last released its quarterly earnings data on Friday, October 20th. The technology company reported $0.76 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 firm had revenue of $562.60 million for the quarter, compared to analysts’ expectations of $523.57 million. During the same period in the prior year, the firm posted $0.77 earnings per share. The firm’s quarterly revenue was up 45.5% on a year-over-year basis. equities analysts anticipate that DST Systems will post 3.07 EPS for the current fiscal year.
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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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