Brokerages Set $65.00 Target Price for DST Systems, Inc. (DST)

DST Systems, Inc. (NYSE:DST) has received an average broker rating score of 1.50 (Buy) from the four analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and three have issued a strong buy rating on the company.

Brokerages have set a 1 year consensus target price of $65.00 for the company and are predicting that the company will post $0.78 EPS for the current quarter, according to Zacks. Zacks has also assigned DST Systems an industry rank of 175 out of 265 based on the ratings given to related companies.

Several brokerages have recently weighed in on DST. Zacks Investment Research lowered shares of DST Systems from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. ValuEngine upgraded shares of DST Systems from a “hold” rating to a “buy” rating in a report on Saturday, June 10th.

In other news, CEO Stephen C. Hooley sold 10,000 shares of the business’s stock in a transaction dated Thursday, April 20th. The shares were sold at an average price of $125.23, for a total transaction of $1,252,300.00. Following the completion of the sale, the chief executive officer now directly owns 64,703 shares of the company’s stock, valued at $8,102,756.69. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Jonathan J. Boehm sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $125.00, for a total transaction of $625,000.00. Following the sale, the vice president now directly owns 47,692 shares of the company’s stock, valued at $5,961,500. The disclosure for this sale can be found here. In the last quarter, insiders have bought 489 shares of company stock worth $59,738 and have sold 25,000 shares worth $3,098,500. 1.82% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of DST. BlackRock Inc. increased its stake in DST Systems by 11,086.3% in the first quarter. BlackRock Inc. now owns 2,640,409 shares of the technology company’s stock valued at $323,450,000 after buying an additional 2,616,805 shares during the last quarter. Scout Investments Inc. increased its stake in DST Systems by 697.2% in the first quarter. Scout Investments Inc. now owns 314,574 shares of the technology company’s stock valued at $35,475,000 after buying an additional 275,116 shares during the last quarter. Norges Bank acquired a new stake in DST Systems during the fourth quarter valued at approximately $28,041,000. Paradice Investment Management LLC acquired a new stake in DST Systems during the first quarter valued at approximately $31,554,000. Finally, Wells Fargo & Company MN increased its stake in DST Systems by 10.7% in the first quarter. Wells Fargo & Company MN now owns 1,738,446 shares of the technology company’s stock valued at $212,959,000 after buying an additional 167,986 shares during the last quarter. 86.64% of the stock is owned by institutional investors.

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DST Systems (NYSE DST) traded down 1.59% during mid-day trading on Tuesday, hitting $59.24. 973,803 shares of the company were exchanged. DST Systems has a 12-month low of $47.26 and a 12-month high of $122.11. The company’s 50-day moving average is $60.77 and its 200 day moving average is $58.35. The company has a market capitalization of $3.66 billion, a P/E ratio of 6.30 and a beta of 1.32.

DST Systems (NYSE:DST) last announced its quarterly earnings data on Thursday, April 27th. The technology company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.08. DST Systems had a net margin of 40.00% and a return on equity of 17.85%. The firm had revenue of $379.80 million for the quarter, compared to analyst estimates of $368.80 million. During the same quarter in the prior year, the business earned $0.81 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. Analysts expect that DST Systems will post $3.29 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Friday, May 26th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, May 24th. This represents a $1.44 annualized dividend and a dividend yield of 2.43%. This is a positive change from DST Systems’s previous quarterly dividend of $0.35. DST Systems’s dividend payout ratio is currently 7.42%.

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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