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

DST Systems (NYSE:DST)‘s stock had its “in-line” rating reiterated by stock analysts at Evercore ISI in a note issued to investors on Friday, MarketBeat.com reports.

Several other equities analysts have also commented on the company. Zacks Investment Research lowered DST Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Morgan Stanley increased their price objective 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. Robert W. Baird increased their price objective on DST Systems from $68.00 to $72.00 and gave the company an “outperform” rating in a research report on Sunday, October 22nd. 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 report on Friday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $68.50.

DST Systems (NYSE:DST) opened at $83.51 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $5,028.97, a PE ratio of 12.33, a PEG ratio of 2.33 and a beta of 1.36. DST Systems has a 1 year low of $50.22 and a 1 year high of $84.48.

DST Systems (NYSE:DST) last announced its quarterly earnings data on Friday, October 20th. The technology company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.73 by $0.03. The firm had revenue of $562.60 million for 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 was up 45.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.77 EPS. sell-side analysts anticipate that DST Systems will post 3.07 earnings per share for the current fiscal year.

In related news, VP Jonathan J. Boehm sold 20,000 shares of the stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $64.50, for a total transaction 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 approximately $4,870,911. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased a total of 976 shares of company stock valued at $59,812 over the last 90 days. 1.82% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in DST Systems by 119.4% during the 2nd 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 period. WFG Advisors LP boosted its holdings in DST Systems by 128.6% during the 2nd quarter. WFG Advisors LP now owns 3,205 shares of the technology company’s stock valued at $198,000 after acquiring an additional 1,803 shares during the period. Intl Fcstone Inc. purchased a new stake in DST Systems during the 2nd quarter valued at about $221,000. Financial Counselors Inc. boosted its holdings in DST Systems by 79.1% during the 2nd quarter. Financial Counselors Inc. now owns 4,274 shares of the technology company’s stock valued at $264,000 after acquiring an additional 1,888 shares during the period. Finally, Prudential PLC boosted its holdings in DST Systems by 100.0% during the 2nd quarter. Prudential PLC now owns 4,400 shares of the technology company’s stock valued at $271,000 after acquiring an additional 2,200 shares during the period. 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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