DST Systems (DST) Earning Somewhat Positive Media Coverage, Study Shows
Press coverage about DST Systems (NYSE:DST) has trended somewhat positive on Monday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. DST Systems earned a news impact score of 0.16 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 45.3354138671135 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
DST Systems (NYSE DST) opened at 52.26 on Monday. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 5.27 and a beta of 1.32. The company has a 50 day moving average price of $54.26 and a 200 day moving average price of $58.82. DST Systems has a 12 month low of $47.26 and a 12 month high of $122.11.
DST Systems (NYSE:DST) last issued its earnings results on Thursday, July 27th. The technology company reported $0.76 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.78 by $0.02. The business had revenue of $656.20 million during the quarter, compared to the consensus estimate of $541.90 million. DST Systems had a return on equity of 16.79% and a net margin of 35.46%. The company’s revenue for the quarter was up 68.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.42 earnings per share. Analysts anticipate that DST Systems will post $3.05 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be issued a dividend of $0.18 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $0.72 annualized dividend and a dividend yield of 1.38%. DST Systems’s dividend payout ratio is 7.11%.
DST Systems announced that its board has approved a stock buyback plan on Tuesday, May 9th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the technology company to buy up to 7.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
Several equities analysts recently issued reports on DST shares. Zacks Investment Research lowered DST Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th. ValuEngine upgraded DST Systems from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. DA Davidson started coverage on DST Systems in a research report on Wednesday, June 21st. They issued a “buy” rating and a $72.00 price objective for the company. Finally, BidaskClub lowered DST Systems from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th.
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In other news, CFO Gregg Wm Givens sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $61.36, for a total transaction of $1,227,200.00. Following the completion of the sale, the chief financial officer now owns 55,871 shares in the company, valued at $3,428,244.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.82% of the company’s stock.
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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