Evercore ISI Reiterates In-Line Rating for DST Systems (DST)
Evercore ISI reissued their in-line rating on shares of DST Systems (NYSE:DST) in a research report released on Friday, Marketbeat.com reports.
A number of other research firms also recently issued reports on DST. Zacks Investment Research downgraded shares of DST Systems from a buy rating to a hold rating in a report on Tuesday, October 31st. Robert W. Baird restated a buy rating and set a $68.00 target price on shares of DST Systems in a report on Thursday, October 12th. DA Davidson downgraded shares of DST Systems from a buy rating to a neutral rating and set a $72.00 target price on the stock. in a report on Friday. Finally, Morgan Stanley boosted their target price on shares of DST Systems from $57.00 to $61.00 and gave the stock an equal weight rating in a report on Monday, October 23rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $68.50.
Shares of DST Systems (NYSE DST) opened at $83.51 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.42. DST Systems has a fifty-two week low of $50.22 and a fifty-two week high of $84.48. The stock has a market cap of $5,030.00, a P/E ratio of 12.61, a PEG ratio of 2.33 and a beta of 1.37.
In related news, VP Jonathan J. Boehm sold 20,000 shares of the business’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $64.50, for a total transaction of $1,290,000.00. Following the transaction, the vice president now directly owns 75,518 shares in the company, valued at $4,870,911. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders have purchased 976 shares of company stock worth $59,812. 1.82% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of DST. BlackRock Inc. increased its holdings in DST Systems by 102.5% during the second quarter. BlackRock Inc. now owns 5,347,693 shares of the technology company’s stock worth $329,952,000 after buying an additional 2,707,284 shares during the last quarter. Vanguard Group Inc. increased its holdings in DST Systems by 97.3% during the second quarter. Vanguard Group Inc. now owns 5,287,278 shares of the technology company’s stock worth $326,225,000 after buying an additional 2,608,072 shares during the last quarter. State Street Corp increased its holdings in DST Systems by 93.6% during the second quarter. State Street Corp now owns 1,765,321 shares of the technology company’s stock worth $108,912,000 after buying an additional 853,405 shares during the last quarter. FMR LLC increased its holdings in DST Systems by 81.9% during the second quarter. FMR LLC now owns 1,529,200 shares of the technology company’s stock worth $94,352,000 after buying an additional 688,675 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in DST Systems by 91.4% during the second quarter. Goldman Sachs Group Inc. now owns 1,326,817 shares of the technology company’s stock worth $81,864,000 after buying an additional 633,726 shares during the last quarter. Institutional investors and hedge funds 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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