DST Systems (DST) reported quarterly earnings results on Thursday, Jul-21-2016. The company reported $1.42 earnings per share for the quarter, missing the analyst consensus estimate by $-0.15. Analysts had a consensus of $1.57. The company posted revenue of $373.90 million in the period, compared to analysts expectations of $523.60 million. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.39 EPS.
Many Wall Street Analysts have commented on DST Systems. Morgan Stanley Initiated DST Systems on May 25, 2016 to “Equal-Weight”, Price Target of the shares are set at $128.
DST Systems closed down -0.28 points or -0.23% at $123.01 with 2,90,201 shares getting traded on Wednesday. Post opening the session at $123.86, the shares hit an intraday low of $122.74 and an intraday high of $124.32 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Jun 16, 2016, Mike Abbaei (Executive Vice President) sold 7,000 shares at $117.27 per share price. According to the SEC, on Apr 22, 2016, Jonathan J Boehm (Exe VP & President of Subsidia) sold 2,000 shares at $120.00 per share price. On Mar 17, 2016, Stephen C Hooley (Chairman, CEO & President) sold 24,517 shares at $107.11 per share price, according to the Form-4 filing with the securities and exchange commission.
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. The Company manages its business through three operating segments: Financial Services which provides investor and asset distribution services to companies within the financial services industry; Healthcare Services which provide healthcare organizations a variety of medical and pharmacy benefit solutions and Customer Communications which offers a range of integrated print mail and electronic solutions. Its investments in equity securities private equity investments real estate and certain financial interests are aggregated into an Investments and Other segment.