DST Systems (DST) Hits New 52-Week High at $66.18

DST Systems, Inc. (NYSE:DST) shares hit a new 52-week high on Wednesday . The stock traded as high as $66.18 and last traded at $65.15, with a volume of 213300 shares trading hands. The stock had previously closed at $65.02.

DST has been the topic of several analyst reports. Robert W. Baird reiterated a “buy” rating and issued a $68.00 target price 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 target price on the stock in a research note on Wednesday, December 20th. Finally, Morgan Stanley lifted their target price 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. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. DST Systems currently has a consensus rating of “Hold” and an average target price of $68.50.

The company has a market cap of $3,920.00, a P/E ratio of 9.84, a price-to-earnings-growth ratio of 1.77 and a beta of 1.37. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.42.

DST Systems (NYSE:DST) last announced its earnings results on Friday, October 20th. The technology company reported $0.76 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $523.57 million. During the same period last year, the business posted $0.77 EPS. The company’s revenue was up 45.5% on a year-over-year basis. equities research analysts expect that DST Systems, Inc. will post 3.08 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its stake in shares of DST Systems by 102.5% in the second quarter. BlackRock Inc. now owns 5,347,693 shares of the technology company’s stock valued at $329,952,000 after buying an additional 2,707,284 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of DST Systems by 97.3% in the second quarter. Vanguard Group Inc. now owns 5,287,278 shares of the technology company’s stock valued at $326,225,000 after buying an additional 2,608,072 shares in the last quarter. State Street Corp boosted its stake in shares of DST Systems by 93.6% in the second quarter. State Street Corp now owns 1,765,321 shares of the technology company’s stock valued at $108,912,000 after buying an additional 853,405 shares in the last quarter. FMR LLC boosted its stake in shares of DST Systems by 81.9% in the second quarter. FMR LLC now owns 1,529,200 shares of the technology company’s stock valued at $94,352,000 after buying an additional 688,675 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of DST Systems by 91.4% in the second quarter. Goldman Sachs Group Inc. now owns 1,326,817 shares of the technology company’s stock valued at $81,864,000 after buying an additional 633,726 shares in the last quarter. Institutional investors 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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