DST Systems (DST) was Initiated by Morgan Stanley to “Equal-Weight” and the brokerage firm has set the Price Target at $128. Morgan Stanley advised their investors in a research report released on May 25, 2016.
On the company’s financial health, DST Systems reported $1.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $1.48. The company had revenue of $521.10 million for the quarter, compared to analysts expectations of $517.03 million. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.40 EPS.
DST Systems opened for trading at $118.49 and hit $120.63 on the upside on Friday, eventually ending the session at $120.07, with a gain of 1.87% or 2.2 points. The heightened volatility saw the trading volume jump to 1,33,344 shares. Company has a market cap of $3,984 M.
In a different news, on Apr 22, 2016, Jonathan J Boehm (Exe VP & President of Subsidia) sold 2,000 shares at $120.00 per share price. According to the SEC, on Mar 17, 2016, Stephen C Hooley (Chairman, CEO & President) sold 24,517 shares at $107.11 per share price. On Mar 17, 2016, Gregg Wm Givens (Sr VP, CFO & Treasurer) sold 4,286 shares at $106.83 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.