The stock of DST Systems, Inc. (NYSE:DST) hit a new 52-week low and has $86.71 target or 9.00% below today’s $95.29 share price. The 7 months bearish chart indicates high risk for the $3.07B company. The 1-year low was reported on Nov, 2 by Barchart.com. If the $86.71 price target is reached, the company will be worth $276.30 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 208,165 shares traded hands. DST Systems, Inc. (NYSE:DST) has declined 15.77% since March 31, 2016 and is downtrending. It has underperformed by 18.29% the S&P500.
DST Systems, Inc. (NYSE:DST) Ratings Coverage
Out of 2 analysts covering DST Systems (NYSE:DST), 1 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 50% are positive. DST Systems has been the topic of 3 analyst reports since August 14, 2015 according to StockzIntelligence Inc. As per Friday, August 28, the company rating was upgraded by Zacks. On Friday, January 29 the stock rating was upgraded by Robert W. Baird to “Outperform”. The firm has “Sell” rating given on Friday, August 14 by Zacks.
According to Zacks Investment Research, “DST Systems, Inc. provides sophisticated information processing and computer software services and products that help clients improve productivity, increase efficiencies, and provide higher levels of customer service. DST is organized domestically and internationally into three operating segments: Financial Services, Output Solutions, and Customer Management. They operate one of the most advanced data centers in the world, which provides information-processing services to support the products within each operating segment.”
Insitutional Activity: The institutional sentiment decreased to 1.06 in Q2 2016. Its down 0.05, from 1.11 in 2016Q1. The ratio dived, as 25 funds sold all DST Systems, Inc. shares owned while 112 reduced positions. 31 funds bought stakes while 114 increased positions. They now own 27.09 million shares or 4.69% less from 28.42 million shares in 2016Q1.
Wedge Cap Mngmt L L P Nc accumulated 5,097 shares or 0.01% of the stock. Commonwealth Equity has 0% invested in the company for 2,973 shares. Etrade Capital Mngmt Limited last reported 2,013 shares in the company. Point72 Asia (Hong Kong) accumulated 200 shares or 0.03% of the stock. Stifel Financial owns 137,293 shares or 0.07% of their US portfolio. Mckinley Cap Management Limited Liability Company Delaware last reported 1,891 shares in the company. Advantus Capital Mgmt, a Minnesota-based fund reported 3,778 shares. Ahl Prtn Ltd Liability Partnership holds 21,854 shares or 0.14% of its portfolio. Boston Advsrs Limited Liability Corp has 0.03% invested in the company for 9,517 shares. Loomis Sayles And Company L P has 0.1% invested in the company for 324,654 shares. Pacad Limited last reported 600 shares in the company. Meritage Port has 0.12% invested in the company for 8,930 shares. Cibc Asset last reported 0% of its portfolio in the stock. Shell Asset Mgmt last reported 28,499 shares in the company. Zurcher Kantonalbank (Zurich Cantonalbank) holds 940 shares or 0% of its portfolio.
Insider Transactions: Since June 1, 2016, the stock had 5 insider buys, and 5 insider sales for $5.01 million net activity. Bryan Lowell L had bought 164 shares worth $19,880. GIVENS GREGG WM also sold $1.22 million worth of DST Systems, Inc. (NYSE:DST) on Thursday, September 1. Another trade for 15,210 shares valued at $1.83M was made by LARK VERCIE L on Tuesday, August 23. 7,000 shares were sold by Abbaei Mike, worth $820,910.
More recent DST Systems, Inc. (NYSE:DST) news were published by: Prnewswire.com which released: “DST Systems, Inc. Announces Third Quarter 2016 Financial Results” on October 20, 2016. Also Prnewswire.com published the news titled: “DST Systems, Inc. Announces Second Quarter 2016 Financial Results” on July 21, 2016. Nasdaq.com‘s news article titled: “DST Systems Enters Oversold Territory” with publication date: October 11, 2016 was also an interesting one.
DST Company Profile
DST Systems, Inc. (DST), incorporated on February 23, 1983, is a well-known provider of technology information processing and servicing solutions. The Firm 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 Firm manages its business through three divisions: Financial Services, Healthcare Services and Customer Communications. The Company’s investments in equity securities, private equity investments, real estate and certain financial interests are aggregated into an Investments and Other segment.
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