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DST Systems Inc (DST.N)

DST.N on New York Stock Exchange

120.23USD
28 Mar 2017
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$2.33 (+1.98%)
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Latest Key Developments (Source: Significant Developments)

Dst to acquire remaining interest in Joint Ventures, BFDS and IFDS U.K., from State Street
Monday, 27 Mar 2017 09:56am EDT 

State Street Corp : DST to acquire remaining interest in joint ventures, BFDS and IFDS U.K., from State Street . Expects consolidated IFDS U.K. Businesses to contribute about $440 million of incremental annual operating revenues upon acquisition . In U.K., DST'S unit will acquire ownership interest in IFDS U.K; acquisition will be funded through cash on hand, DST's existing debt facilities . Expects $20 million of operating income before synergies, restructuring costs and amortization of intangibles over next twelve months .Expects IFDS U.K. Deal accretive to diluted eps by $0.18-$0.22 in next 12 months before synergies, restructuring costs, amortization of intangibles.  Full Article

DST Systems announces fourth quarter 2016 financial results
Thursday, 26 Jan 2017 06:30am EST 

DST Systems Inc : DST Systems, Inc. announces fourth quarter 2016 financial results . Q4 revenue $373.7 million versus I/B/E/S view $394.8 million . Q4 adjusted non-GAAP earnings per share $1.66 from continuing operations . Q4 earnings per share $1.84 . Q4 earnings per share view $1.53 -- Thomson Reuters I/B/E/S .DST Systems Inc - Declares 6% increase in quarterly cash dividend to $0.35 per share.  Full Article

DST announces strategic alliance with Frost Data Capital to drive accelerated data innovation
Thursday, 29 Sep 2016 06:30am EDT 

Dst Systems Inc : DST announces strategic alliance with Frost Data Capital to drive accelerated data innovation .DST and Frost are targeting creation of two to four startup companies over next twelve months.  Full Article

DST Systems reports Q2 earnings per share $1.58
Thursday, 21 Jul 2016 06:30am EDT 

DST Systems Inc : Announces second quarter 2016 financial results . Q2 adjusted non-GAAP earnings per share $1.42 from continuing operations excluding items . Q2 revenue rose 7 percent to $373.9 million . Q2 earnings per share view $1.37 -- Thomson Reuters I/B/E/S . Q2 earnings per share $1.58 . Implemented restructuring to reduce workforce and consolidate certain facilities to enhance operational efficiency within financial services segment .Anticipates restructuring will result in annual pretax operating cost savings of approximately $22.0 to $24.0 million.  Full Article

Broadridge to acquire DST's North American customer communications business
Tuesday, 14 Jun 2016 06:20am EDT 

Broadridge Financial Solutions Inc : Says expects to achieve approximately $20 million in annualized cost synergies within 18-30 months of closing . Expects acquisition to be $0.09 to $0.13 per share accretive on a gaap basis in second year. . Gaap adjusted basis in second year from deal . Expects acquisition to be $0.11 to $0.14 per share accretive on a non-gaap adjusted basis in first year . Senior management, led by mike abbaei, head of dst's customer communications business, will be joining broadridge .Broadridge agrees to acquire dst's north american customer communications business.  Full Article

DST agrees to sell North American customer communications business for $410 mln
Tuesday, 14 Jun 2016 06:01am EDT 

Dst Systems Inc : Deal for $410.0 million . Dst estimates that pending sale of nacc business will result in after-tax proceeds of approximately $310.0 millio . To sell its north american customer communications business to broadridge financial solutions, inc . Once completed, north american transaction expected to result in reduction to dst's eps of about $1.15 on annual basis . Board of directors of dst authorized a new $300.0 million share repurchase plan. . Dst systems inc Full Article

DST Systems Inc's announces completion of Kaufman Rossin Fund Services acquisition
Wednesday, 24 Feb 2016 04:05pm EST 

DST Systems:ALPS, a DST company completed the previously announced acquisition of alternative fund service provider Kaufman Rossin Fund Services.Combined organization intends to retain the ALPS brand.Metronome Partners acted as financial advisor and Stearns Weaver Miller Weissler Alhadeff & Sitterson acted as legal counsel to KRFS on the transaction.Morrison & Foerster acted as legal counsel to DST and ALPS on the transaction.  Full Article

DST Systems Inc's ALPS to acquire Kaufman Rossin Fund Services
Thursday, 24 Dec 2015 09:55am EST 

DST Systems Inc:Says ALPS, a subsidiary of DST Systems Inc and Kaufman Rossin Fund Services, LLC (KRFS) have entered into an agreement for ALPS to acquire KRFS.Transaction is expected to close in the first quarter of 2016.  Full Article

DST Systems Inc declares cash dividend
Friday, 30 Oct 2015 05:05pm EDT 

DST Systems Inc:Declared a cash dividend of $0.30 per share on its common stock.Shareholders of record at the close of business on November 25, 2015 will be entitled to the dividend, which will be paid on December 11, 2015.  Full Article

DST announces completion of WMSI acquisition
Friday, 21 Aug 2015 04:00pm EDT 

DST Systems, Inc:Says it has completed previously announced acquisition of retirement plan rollover specialist Wealth Management Systems Inc. (WMSI).  Full Article

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BRIEF-DST Systems Inc and/or certain subsidiaries enters into a series of definitive agreements

* DST Systems Inc - on March 27, 2017, co and/or certain subsidiaries, entered into a series of definitive agreements