DST Systems Inc. (DST) to Release Earnings on Thursday
DST Systems Inc. (NYSE:DST) is scheduled to issue its Q316 quarterly earnings data on Thursday, October 20th. Analysts expect the company to announce earnings of $1.47 per share and revenue of $392.96 million for the quarter.
DST Systems (NYSE:DST) last issued its quarterly earnings results on Thursday, July 21st. The company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.08. DST Systems had a net margin of 9.90% and a return on equity of 21.20%. The company earned $526.20 million during the quarter, compared to analysts’ expectations of $545.57 million. During the same period last year, the company posted $1.39 EPS. DST Systems’s revenue was up 7.0% on a year-over-year basis. On average, analysts expect DST Systems to post $5.76 EPS for the current fiscal year and $6.78 EPS for the next fiscal year.
DST Systems Inc. (NYSE:DST) opened at 113.80 on Tuesday. DST Systems Inc. has a 12 month low of $97.32 and a 12 month high of $128.66. The company’s 50-day moving average is $118.80 and its 200-day moving average is $118.85. The stock has a market capitalization of $3.71 billion, a PE ratio of 15.58 and a beta of 1.27.
In other DST Systems news, CFO Gregg Wm Givens sold 10,000 shares of the stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $117.38, for a total transaction of $1,173,800.00. Following the transaction, the chief financial officer now directly owns 53,404 shares in the company, valued at approximately $6,268,561.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Vercie L. Lark sold 15,210 shares of the stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $120.34, for a total transaction of $1,830,371.40. Following the transaction, the insider now owns 29,600 shares in the company, valued at $3,562,064. The disclosure for this sale can be found here. 1.83% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of DST. Loomis Sayles & Co. L P boosted its position in shares of DST Systems by 89.8% in the second quarter. Loomis Sayles & Co. L P now owns 324,654 shares of the company’s stock valued at $37,799,000 after buying an additional 153,623 shares during the last quarter. Axiom International Investors LLC DE acquired a new position in shares of DST Systems during the second quarter valued at about $6,106,000. Hsbc Holdings PLC boosted its position in shares of DST Systems by 291.5% in the second quarter. Hsbc Holdings PLC now owns 62,426 shares of the company’s stock valued at $7,254,000 after buying an additional 46,481 shares during the last quarter. Nicholas Co. Inc. WI acquired a new position in shares of DST Systems during the second quarter valued at about $3,845,000. Finally, BlackRock Fund Advisors boosted its position in shares of DST Systems by 2.1% in the second quarter. BlackRock Fund Advisors now owns 1,149,866 shares of the company’s stock valued at $133,879,000 after buying an additional 24,182 shares during the last quarter. Institutional investors own 87.04% of the company’s stock.
A number of research analysts have recently commented on DST shares. Zacks Investment Research cut shares of DST Systems from a “buy” rating to a “hold” rating in a report on Tuesday, September 20th. Robert W. Baird restated an “outperform” rating and issued a $132.00 price target on shares of DST Systems in a report on Monday, June 27th.
About DST Systems
DST Systems, Inc (DST) is a provider of technology-based information processing and servicing solutions. The Company offers its solutions through unified data management, business processing and customer communications solutions to clients within the asset management, brokerage, retirement and healthcare markets.
Receive News & Ratings for DST Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DST Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.