SS&C agrees $5.4bn DST Systems takeover

  • SS&C agrees $5.4bn DST Systems takeover

SS&C agrees $5.4bn DST Systems takeover

Vanguard Group Inc owns $336.8 million in DST Systems, Inc., which represents roughly 7% of the company's market cap and approximately 9.99% of the institutional ownership. The stock decreased 0.42% or $0.21 during the last trading session, reaching $50.13. About 71,828 shares traded. Callon Petroleum Company (CPE) has risen 12.29% since January 11, 2017 and is uptrending.

The deal would bolster SS&C's offerings in technology infrastructure servicing financial institutions such as asset managers, but would also allow it to enter the healthcare information technology market, in which DST is active. The Hwg Holdings Lp holds 4,853 shares with $195,000 value, down from 20,366 last quarter. Third Avenue Management Llc who had been investing in Dst Systems for a number of months, seems to be less bullish one the $4.81B market cap company.

The stock decreased 0.72% or $0.36 during the last trading session, reaching $49.98. 172.27 million shares or 0.35% less from 172.87 million shares in 2017Q2 were reported. (NYSE:DST) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. It has underperformed by 2.57% the S&P500. The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 1.80, which implies that analysts are generally bullish in their outlook for SSNC over the next year. Therefore 43% are positive. Moving out to look at the previous month volatility move, the stock is at 1.45%. As per Thursday, October 26, the company rating was maintained by Needham. The stock has "Neutral" rating by Credit Suisse on Friday, January 8. (NASDAQ:SSNC) on Thursday, February 16 to "Outperform" rating. Goldman Sachs Gp reported 1.65M shares. Vanguard Group Inc. grew its stake in DST Systems by 97.3% in the second quarter.

Investors sentiment decreased to 0.88 in Q3 2017. Finally, Wade G W & Inc. increased its stake in DST Systems by 0.3% in the second quarter. It also reduced Proshares Tr Shrt 20Plus Yr Tre (TBF) stake by 344,032 shares and now owns 11,189 shares. AXA now owns 228,700 shares of the technology company's stock worth $12,551,000 after buying an additional 19,900 shares in the last quarter. Dimensional Fund L P holds 0.02% or 1.11M shares in its portfolio. Paradice Invest invested in 906,629 shares. (NYSE:DST) for 285,053 shares. According to their observations and findings, the stock could provide a high EPS of $0.54/share and a low EPS of $0.52/share. 172.27 million shares or 0.35% less from 172.87 million shares in 2017Q2 were reported. Shine Invest Advisory owns 216 shares for 0% of their portfolio. (NASDAQ:SSNC) or 488,781 shares. Tudor Investment Corp Et Al holds 45,324 shares. BlackRock Inc. boosted its position in shares of SS&C Technologies by 4.5% in the 2nd quarter.

In related news, VP Jonathan J. Boehm sold 20,000 shares of DST Systems stock in a transaction that occurred on Monday, January 8th. Macquarie Grp Ltd has 0.02% invested in SS&C Technologies Holdings, Inc. 0 analysts gave its stock an Outperform rating. Therefore 50% are positive. Although DST Systems is now undervalued, the adverse prospect of negative growth brings about some degree of risk. (NYSE:DST) for 22,800 shares. Consider whether you want to increase your portfolio exposure to DST Systems, or whether diversifying into another stock may be a better move for your total risk and return. William Blair initiated the stock with "Outperform" rating in Friday, September 9 report. The firm has "Underweight" rating by Morgan Stanley given on Friday, August 4. As per Tuesday, October 3, the company rating was maintained by Robert W. Baird.

DST Systems (NYSE:DST) last issued its quarterly earnings results on Friday, October 20th. The firm earned "Buy" rating on Tuesday, May 30 by RBC Capital Markets. Zacks upgraded DST Systems, Inc. Petrus Lta owns 0.07% invested in DST Systems, Inc. During the same period in the previous year, the firm earned $1.67 EPS. DST's profit will be $51.19M for 23.50 P/E if the $0.85 EPS becomes a reality.