SS&C in talks to buy DST Systems for over $5 billion

SS&C To Purchase Financial, Health-Care Solution Provider DST Systems For $5.4 Billion

Is It Time To Buy DST Systems Inc (NYSE:DST)?

The company is scheduled to issue its next quarterly earnings report on Wednesday, February 21st. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 8.63 and a beta of 1.34. For the next financial year, analysts anticipate that the business will report sales of $1.76 billion per share, with estimates ranging from $1.74 billion to $1.79 billion. (NYSE:DST) on Friday, October 20 with "Buy" rating. The technology company reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.03. The firm had revenue of $419.60 million during the quarter, compared to analysts' expectations of $424.14 million. SS&C Technologies had a return on equity of 15.32% and a net margin of 13.47%.

DST Systems' offerings include banking, investor, brokerage, adviser, wealth management and insurance solutions on the financial side of the house as well as administration, pharmacy and health outcome optimization solutions on the health-care side. The business's revenue for the quarter was up 4.1% compared to the same quarter previous year. Following the completion of the transaction, the vice president now owns 75,518 shares in the company, valued at $4,870,911. Robert W. Baird maintained the stock with "Buy" rating in Tuesday, October 3 report. DA Davidson reiterated a "buy" rating and set a $44.00 price objective on shares of SS&C Technologies in a research report on Thursday, October 26th. SS&C Technologies Holdings, Inc. It also reduced its holding in Las Vegas Sands Corp (NYSE:LVS) by 441,449 shares in the quarter, leaving it with 5.37 million shares, and cut its stake in Paychex Inc (NASDAQ:PAYX). Finally, Citigroup upgraded SS&C Technologies to a "strong-buy" rating and boosted their price target for the company from $43.00 to $46.00 in a report on Tuesday, November 21st.

Among 4 analysts covering DST Systems (NYSE:DST), 2 have Buy rating, 1 Sell and 1 Hold. $52.70's average target is 4.69% above currents $50.34 stock price.

Taking a closer look at shares of SS&C Technologies (SSNC), we have noted that the Piotroski F Score reading is now five or higher. The stock grabbed 38 new institutional investments totaling 861,548 shares while 37 institutional investors sold out their entire positions totaling 1,008,630 shares. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. (NASDAQ:SSNC). National Bank Of America Corporation De owns 699,815 shares. Oppenheimer Asset Mgmt Inc, a New York-based fund reported 20,743 shares.

DST traded up 5% at $83.95 a share. However, given that DST Systems's share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. Sit Investment Associates Inc. raised its stake in shares of DST Systems by 25.6% during the 4th quarter.

Analysts await SS&C Technologies Holdings, Inc. Verition Fund Ltd Liability Corp stated it has 0.03% in SS&C Technologies Holdings, Inc. New Amsterdam Partners LLC NY purchased a new stake in DST Systems during the second quarter valued at $5,423,000. The last close places the company's stock about $3.41 off its 52 week high of $9.93 and $2.95 above the 52 week low of $3.57.

SS&C Technologies (NASDAQ:SSNC) traded up $0.41 on Friday, hitting $41.46.

The stock increased 5.56% or $2.65 during the last trading session, reaching $50.34. The 1-year high was reported on Jan, 11 by RBC Capital Markets has "Buy" rating and $4100 target. (NASDAQ:SSNC). California State Teachers Retirement Systems reported 0.03% stake. AHRENDTS ANGELA J had sold 63,388 shares worth $9.78M. This percentage is calculated by adding the dividend yield plus the percentage of shares repurchased.

After a recent check, SS&C Technologies's 14-day RSI is now at 87.58, the 7-day stands at 93.06, and the 3-day is sitting at 92.89. If you are viewing this report on another website, it was illegally stolen and reposted in violation of USA and worldwide trademark and copyright law. SS&C Technologies Holdings, headquartered in Windsor, CT and has offices throughout North America, Europe, Asia, and Australia.

Based in Kansas City of Missouri, DST offers specialized technology, strategic advisory and business operations outsourcing to the financial services and healthcare industries.

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