SS&C agrees $5.4bn DST Systems takeover

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)?

During the past couple of weeks, CF average daily volatility was 18.45%, which is 12.59 percentage points lower than the average volatility over the past 100 days. The company's previous year sales total was 404650. Green Square Capital LLC purchased a new stake in shares of SS&C Technologies during the second quarter worth $257,000. It worsened, as 29 investors sold DST shares while 108 reduced holdings.

Stone adds that he is "excited" to welcome DST employees and that SS&C will keep a presence in Kansas City once the deal - which is expected to generate $150 million of run-rate cost savings annually by 2020 - is completed in the third quarter, subject to DST stockholder approval and regulatory clearance. WFG Advisors LP now owns 1,701 shares of the company's stock valued at $198,000 after buying an additional 200 shares in the last quarter. The third largest holder is Wells Fargo & Company/Mn, which now holds $199.68 million worth of this stock and that ownership represents almost 4.15% of its market capitalization. The firm owned 7,500 shares of the technology company's stock after selling 24,700 shares during the quarter. Following the completion of the transaction, the vice president now owns 75,518 shares in the company, valued at $4,870,911.

Ambev S.A. (ABEV) shares are moving today on volatility 1.82% or $0.12 from the open.

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Several research firms have recently commented on DST.

SS&C Technologies Holdings Inc (SSNC.O) is in advanced talks to acquire DST Systems Inc (DST.N) for more than $5 billion, as it seeks to expand its footprint in financial technology software, Reuters reported. JPMorgan Chase & Co. raised shares of SS&C Technologies from a "neutral" rating to an "overweight" rating in a research note on Thursday. "DST, with roughly 80 percent of revenue stemming from investment fund data processing and fund administration, would seem to be a good fit", Peter Heckman, research analyst at D.A. Davidson, said in an email. While 20-Day Moving Average VS Current Price shows "Buy" Signal. (SSNC) belonging to the Technology sector has surged 12.82% and closed its last trading session at $47.69. Many traders will use a combination of moving averages with different time frames to help review stock trend direction. Ss&C Technologies Hldgs Inc now has $8.66B valuation. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.42.

DST Systems (NYSE:DST) last posted its earnings results on Friday, October 20th. SS&C Technologies had a net margin of 13.47% and a return on equity of 15.32%. The company had revenue of $562.60 million during the quarter, compared to the consensus estimate of $523.57 million. The ex-dividend date of this dividend was Thursday, November 30th. SS&C Technologies's dividend payout ratio is now 26.67%. Robert W. Baird maintained the stock with "Buy" rating in Friday, October 20 report.

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In the transaction dated November 01, 2017, the great number of shares acquired came courtesy the Director; Bryan Lowell L added a total of 338 shares at an average price of $58.9, amounting to approximately $19,908. Westwood Holdings has 17,600 shares. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Traders may be keeping close watch to see if the stock is showing signs of bullish momentum.

WARNING: "JPMorgan Chase & Co". While for the Next 5 years, the company could expect a growth of 14.07% per annum, whereas in the past Five years SS&C Technologies Holdings, Inc. "(NASDAQ:SSNC)" was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & global copyright legislation.

SS&C Technologies Holdings, Inc is a holding company. Oregon-based Northwest Investment Counselors Limited Liability Company has invested 0.27% in DST Systems, Inc. The Company's portfolio of software products and software-enabled services allows its clients to automate and integrate front-office functions, such as trading and modeling, middle-office functions, such as portfolio management and reporting, and back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing.

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